As our parents become elderly and infirm, the parent-child relationship is often reversed. Our parents are no longer taking care of us, and now it’s our turn to take care of them.
Some of the challenges presented in this situation can be overcome, or at least reduced, by the creation of a “Caregiver Agreement.”
At first blush, the thought of a parent entering into a contract with a child to provide care may seem unusual, or even repugnant. However, there are several reasons why such an agreement may be advisable and extremely worthwhile.
Read more in the article by David A. Cutner, JD on Today’s Caregiver at When It’s A Child’s Turn to Take Care of Mom or Dad: A Caregiver Agreement May Be in Order.
Estate planning attorney, Terry Garrett, is a member of the National Academy of Elder Law Attorneys and is active in the Texas and Austin Bar Associations. She graduated with honors from Cornell University. She was on the Dean’s List at Wharton Business School. She earned her J.D. at Columbia Law School, receiving the Parker Award and a Mellon Fellowship.
She assists families of people with special needs, people planning for the retirement years and people administering estates.