In California as well in about 30 other states there currently are laws making adult children responsible for their parents if their parents can't afford to take care of themselves. California's Family Code (Sec. 4400) states "Except as otherwise provided by law and adult child shall to the extent of his or her ability, support a parent who is in need and unable to maintain himself or herself by work."
Although California is not currently enforcing this code. With the passage of the Deficit Reduction Act. and California's eventual implementation it, (SB 483) children could soon be found responsible for the parents well being legally as well as morally. Read More
This concern should be discussed further with an Estate Planning or Elder law attorney. Two solutions are:
of the policy and after your parent's death, the proceeds could be used to pay final long-term care bills.
Long-Term Care Insurance: If your parents who qualify, but can not afford , long-term care insurance, you may buy the coverage for them, it could help reduce or eliminate the cost of their care.
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