Navigating Elder Care Finances

This chapter explores the intricacies of preparing for elder care, emphasizing the necessity of hiring a lawyer for effective estate planning and Medicaid qualification. It highlights the importance of open communication about financial situations between aging parents and their children, as well as various financial strategies like reverse mortgages and long-term care insurance. Additionally, the chapter addresses the broader economic implications of recent tax reforms and advocates for socially responsible financial planning to support those in need.