The Legal Side of Moving a Parent Into Your Home
When considering moving a parent into your home, there are many factors to evaluate beyond simply rearranging furniture and making space. While this decision is rooted in love and care, it also involves legal, financial, and logistical considerations that can impact your entire household. From addressing healthcare coverage to understanding the tax implications, you must be prepared in advance of the move. Understanding Financial Implications One of the first steps in moving a parent into your home is evaluating the financial impact. This includes reviewing your parent's existing financial resources, such as Social Security, pensions, and savings. If your parent requires [...]