Category: Family finance - Healthy Aging Hub

Oct 21, 2025

4 min

Should elderly parents pay rent? A Comprehensive Guide

According to the Pew Research Center, multigenerational living arrangements are on the rise, making sensitive financial conversations more common than ever. When an aging parent moves in, a critical question arises: **Should elderly parents pay rent?** This guide explores the financial, emotional, and practical factors involved to help families navigate this decision with respect and clarity.

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Oct 20, 2025

4 min

Should your parents put their house in your name? A comprehensive guide to the hidden risks.

While it may seem like a simple way to avoid probate, transferring a home deed to a child during the parents' lifetime is often a high-risk move with serious financial consequences. As families plan for the future, understanding the significant downsides before deciding if your parents should put their house in your name is critical.

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Oct 20, 2025

5 min

Can you claim the elderly on your taxes? Understanding the requirements for an elderly dependent

According to the IRS, claiming an elderly parent or relative as a dependent is possible if they meet specific criteria, potentially providing valuable tax benefits. This can help offset the financial costs of caregiving, but strict rules regarding income, support, and relationship status must be met before you can claim the elderly on your taxes.

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Oct 19, 2025

5 min

Should my elderly parents put their house in a trust? A comprehensive guide.

With many Americans over 65 owning their homes outright, families often face complex estate planning decisions as parents age. Understanding if a trust is the right tool to protect this key asset is a crucial part of that conversation. So, **should my elderly parents put their house in a trust?** Let's explore the factors to consider.

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