As your parents get older, the price tag on their care can rise. After all, the median cost of staying in an assisted-living facility nationwide is $43,200 per year, according to data from the insurer Genworth Financial in Richmond, Virginia. But if they run out of money and slide into debt, do you need to foot their bills? The short answer is no.
Broke Parents? When Their Medical Debts Could Be Yours
Spencer Tierney, NerdWallet.com
Thu, 07/02/2015 - 3:22pm
Topics: richmond medical u.s english shirley whitenack florham park national academy elder law attorneys vienna alaska arkansas california connecticut delaware georgia indiana iowa kentucky louisiana maryland massachusetts mississippi montana nevada new hampshire north carolina north dakota ohio oregon rhode island south dakota tennessee utah vermont rico john pittas because shared spencer tierney nerdwallet spencernerd image why are some people fleeing one simple trick master your budget trends you need watch do you know these retirement basics compare cd rates savings accounts checking accounts genworth virginia the whitenack whitenack new jersey whitenack in pennsylvania medicaid banks parents debts home state bills care property estate laws responsible pay benefits states money don statutes cost generally filial lawyer person responsibility paid creditors child year disabled price unpaid held important resident adult run children program costs facility future years lien older sell median assets
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