Current Client? Call us:
(512) 966-1847

Grogan Law, PLLCEstate Planning Blog

Book an Initial Call

Estate Planning Business Succession
Planning

Can I Avoid Disagreements in My Family about Mom’s Caregiving?

According to the “Caregiving in the U.S. 2020” report by AARP and the National Alliance for Caregiving, “about one in five caregivers report experiencing high financial strain as a result of providing care.” This is especially true for those involved in high-intensity caregiving for over 21 hours a week, who often deplete their savings and go into debt.

However, AARP’s recent article entitled “How Caregivers Can Stop Arguing About Money” says caregiving-related money conflicts are only partially about dollars and cents. Some are predicated on differences in priorities:

  • Should the family’s finite resources be directed to the care recipient or spread among all family members?
  • Should the cost of something like a front door ramp for a parent’s house be borne equally by all the adult siblings or solely by the primary caregiver who lives with that parent?
  • Should a declining parent give all her assets to the adult child committed to caregiving or divide them among her children?

Caregivers, care recipients and other family members may have different answers to such questions and then can get into heated discussions. This can mean hard feelings that can destroy family relationships during the caregiving years and beyond. Here are a few ideas on how to avoid such conflicts:

One strategy to help caregiving families avoid constant financial conflict is to handle little and big questions differently. For the little decisions that need to be made every day, such as which pharmacy to use, family members should defer to the primary caregiver’s judgment. However, for more consequential decisions like selling the family home to help pay for a parent’s nursing home care, all family members should feel their opinions are sought out and respected.  It is typically the family members who feel like their voices aren’t heard, who protest the most loudly and cause the fiercest debates.

If caregiving family members still can’t find a way to stop arguing about money, then they should consider meeting with a member of the clergy, a family therapist, or elder mediator. A pro is trained to manage emotions, clarify points and frame acceptable compromises. They help prevent further damage to already damaged family relationships.

Reference: AARP (Feb. 8, 2022) “How Caregivers Can Stop Arguing About Money”

Book an Initial Call
Book an Initial Call

Book an Initial Call

Schedule an available time to speak with us. We look forward to meeting with you!
testimonials
"Eric spent several hours with us helping to ensure our trust was tailored to our specific needs and all our questions & concerns were addressed satisfactorily. He developed an amazing product for us that covers every contingency and brings us in compliance with current estate law. He was a delight to work with. "

Don W.
Google Review

Stay Informed

Join Our eNewsletter
Stay informed and updated by subscribing to our eNewsletter!
Subscribe Now!
Grogan Law, PLLC

7600 Chevy Chase Drive
Suite 300
Austin, Texas 78752

Integrity Marketing Solutions - Estate Planning Marketing
Powered by
chevron-down