Thursday, January 17, 2013

All in the Family: Siblings, Caregiving and Money

Nearly everyone with siblings probably experienced some degree of sibling rivalry as kids. And now, many adult siblings are facing a new challenge – how to become united for the sake of their aging parents. As brothers and sisters confront their parents’ declining health, financial and emotional stress and differences in personality can cause old stereotypes, jealousies or resentments to resurface.


Since different siblings’ financial circumstances and knowledge can vary widely in adulthood, family money issues can be an unexpectedly difficult part of caregiving.

If your parents are experiencing health issues, it’s important to figure out how you can put any differences – financial or otherwise – aside to work toward the common goal of caring for your mom or dad. Here are some tips to help you and your siblings (or other caregivers for your parents) manage the financial aspect of caregiving together.

Jump to the complete article at Time