Tag: multi-generational housing
Parents Moving In With You? Things To Think About
With multi-generational housing on the rise – aging parents moving in with their adult children — this segment looks at the complex issue from the child's point of view. Elder law attorney Andrea Lee from Legacy Estate Planning joins Suzanne Newman on the Answers for Elders podcast to talk about expectations and approaches.
Moving In With Your Adult Child? Things To Think About
Since COVID, there has been a 40% increase in multi-generational housing: either senior parent or parents have moved in with their children, or kids who can’t afford to live on their own have moved back home again. For an aging parent, they wonder: should I sell my house? Should I invest money in my son or daughter's home? Should I move in with them? What does that mean for my overall estate plan, my assets? How does that affect the other heirs if I have other children? Elder law attorney Andrea Lee from Legacy Estate Planning joins Suzanne Newman on the Answers for Elders podcast to talk about this complex issue.
