An Increasingly Important Issue: Filial Responsibility

Children are not generally liable for their parents’ debts, but that may be changing as care costs rise and state and federal government budgets are cut back.  So far, there is no talk of a “filial responsibility” statute in Oregon, but it’s scary to consider.  The article below may be a good excuse for you to talk to your parents about whether they have or need long term care insurance.

Learn more about it at:  http://money.msn.com/retirement-plan/will-you-get-dads-nursing-home-bill-weston.aspx