${site.data.firmName}${SEMFirmNameAlt}
Throughout Southern California
310-324-9403
Toll-Free
866-402-1805
View Our Practice Areas

The Cost Of Caring For Elderly Loved Ones in Orange County California

6a017d3e6b2617970c019aff3c446e970b-320wi.jpgFaced with the high cost of in-home care, many Americans end up providing care themselves for an aging parent or relative with a chronic condition. But by doing so, you may be putting your own finances, and even your health, at risk.

For more and more baby boomers, taking care of elderly parents is increasingly important and often necessary. For an increasingly large portion of the population, then, the true costs of caring for an aging relative are fairly crucial to understand now more than ever before.

This math of the matter was the subject of a recent article in The New York Times titled "Assessing the Costs of Caring for an Aging Relative."

Bottom line: you do what you have to for the people you love. On the other hand, elder care can have some serious and unforeseen costs, some strictly for care and some in lost income or professional mobility.

Aside from dollars, there are the "costs" in terms of the caregiver's health, too.

The original article lays out some of the facts, but the key considerations to master are the basic questions: What do you need to do? What can you do? And what can your elderly loved one do to plan ahead?

If you and your loved one are planning early instead of reacting to a crisis, then there are many steps you can take. For many, it will mean gaining a firm understanding of Medicare and Medicaid, none-too-simple topics in and of themselves. For others, there still may be the option of long-term care insurance.

Caring for a loved one is still an important option for most, those giving the care and those receiving the care. Indeed, such care is perhaps cheaper and more meaningful than nursing home care.

Whatever route you and your elderly loved one elect to take, be sure you weigh all of the rewards and risks carefully before committing to any course of care.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard Street
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map