Author Question: Suggest four ways children of older parents can be better financially prepared to take care of their ... (Read 64 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
Suggest four ways children of older parents can be better financially prepared to take care of their parents.
 
  What will be an ideal response?

Question 2

Currently, about ________ of American couples cohabit without marriage.
 
  A) 5.1
  B) 8
  C) 15.5
  D) 32



isabelt_18

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

The student should assert that older children who carry the burden of caring for their aging parents can be better financially prepared if they buy their parents home and rent it back to them, buy their parents valuables to keep them from being taxed or assessed, take tax deductions for supporting elder parents, and urge elder parents to buy assisted living insurance.

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

For a complete list of videos, visit our video library