It's A Big Job, So Plan Ahead
Money Magazine Australia|May 2021
Adult children who look after frail parents will benefit from being prepared for the lifechanging challenges
- Brian Herd
It's A Big Job, So Plan Ahead

I have devoted myself to the calling of elder law or law relating to older people and their families. I follow the mantra “Doing well by doing good”. For many lawyers, the aspiration of doing good has become slightly perverted – it has become more about winning, not good over evil, or right over wrong, just winning. With families, the last environment you want to create is that of winners and losers. With that attitude, everyone is a loser.

In addressing the convoluted needs and demands of families with the smorgasbord of personalities, sense of entitlement and agendas, not to mention the various amounts of goodness and badness exposed in the stress of addressing parent problems, I would like to make a personal and a professional plea: no winners and losers please, just some way of finding the best way forward.

This article brings together a potpourri of issues that I have faced over the years of my experience – tall tales and true from within the denizens of families.

SO, YOU WANT TO BE YOUR PARENT’S CARER?

We do a lot of work in the area of family arrangements involving adult children providing care for their parent/s. It is on the rise and likely to exponentially increase as we live longer and residential aged care becomes more expensive. If you’re thinking of doing it, here are six factors you might want to consider:

1 IT COULD COST YOU MONEY.

この蚘事は Money Magazine Australia の May 2021 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Money Magazine Australia の May 2021 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

MONEY MAGAZINE AUSTRALIAのその他の蚘事すべお衚瀺
An outrageous, beautiful monopoly
Money Magazine Australia

An outrageous, beautiful monopoly

Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.

time-read
4 分  |
July 2024
Drop the anchor to judge value
Money Magazine Australia

Drop the anchor to judge value

Buying and selling decisions should be based on where a stock price is going, not where it has been.

time-read
3 分  |
July 2024
Powering the AI boom
Money Magazine Australia

Powering the AI boom

Beyond the software and chipmakers, where will the energy come from?

time-read
3 分  |
July 2024
Get into life
Money Magazine Australia

Get into life

Tucked inside super are products that can protect you from life's inevitable uncertainties.

time-read
5 分  |
July 2024
Paths to home ownership
Money Magazine Australia

Paths to home ownership

Taking the road less travelled can sometimes deliver unexpected benefits.

time-read
5 分  |
July 2024
Sold! Quick ways to add value
Money Magazine Australia

Sold! Quick ways to add value

Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.

time-read
5 分  |
July 2024
Money lessons the kids need to know
Money Magazine Australia

Money lessons the kids need to know

Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.

time-read
4 分  |
July 2024
Property-investing rules: are they likely to change?
Money Magazine Australia

Property-investing rules: are they likely to change?

The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.

time-read
3 分  |
July 2024
What's love got to do with it?
Money Magazine Australia

What's love got to do with it?

A rollercoaster of emotions could be driving poor crypto behaviour.

time-read
3 分  |
July 2024
Are we ready to be cash-free?
Money Magazine Australia

Are we ready to be cash-free?

Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.

time-read
2 分  |
July 2024