When to Review Trusts and Other Estate Plans

Safeguard and Periodically Review Your Estate Plan. No estate plan is ever finalized. Tax laws, economic conditions, estate exclusions, account values and inflation constantly change which affects the way they are implemented. Material events that suggest it is time for a review of your Estate Plan include: Funding your Trust – especially if opening new […]

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A Checklist for Settling a Living Trust Estate

A helpful checklist on how to settle a Living Trust Estate. Most of us have an estate, a legacy we leave to our families.  We also have a choice over how that legacy will be passed on. If we choose to do nothing, we are choosing to allow the State to administer our estate and […]

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Common Myths About Do-It-Yourself Estate Planning

Some common myths about doing your own Estate Plan. MYTH:  I have chosen a godparent for my children, so it is not necessary for me to nominate a legal guardian for them in case something happens to me. FACT:  Traditionally, the role of a godparent is to faithfully assist the godchildren in leading a spiritual […]

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Does Credit Card Debt Live Beyond Your Lifetime?

Many believe that credit card debt dies along with you. That is not exactly true. So what does happen to credit card debt after you pass away? There is no simple answer to this question. And the complete answer depends on a number of variables such as who else is on your account, whether you […]

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Legal Strategies and Planning for Long-Term Care and Asset Protection

Planning for Long-Term Care and Asset Protection and the Risks of Failing to Plan You can’t avoid it forever. The truth is, most of us are going to face unthinkable hardships as we age. Perhaps the most feared adversity seniors face is dementia. A disorder that degrades brain function one piece at a time and […]

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Adding Children to Title of Real Property

Adding Children to Title of Real Property Or Other Significant Assets Can Create Problems People often have their own ideas of the easiest way to pass on their homes or other property to their children when they pass away.  Later on, they may seek the services of an attorney to help them prepare a more […]

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Five Reasons to Update Your Estate Plan

Important Reasons to Review and Update Your Estate Plan Let’s assume you are among the approximately 30% of adults who have done the prudent thing and established your Estate Plan.  Perhaps you simply created a Will.  Have you had it professionally reviewed in recent years? Make sure your plan is still the most suitable for […]

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The Crisis Facing America’s Working Daughters


For America’s working moms, there is pretty much an endless stream of resources to guide and comfort them on how to tell the boss they’re pregnant, how to find a private place to pump at work, how to negotiate flex time, how to split the chores at home, and whether or not to display pictures of their kids at the office. They can read all day and all night about the many stresses of working motherhood including pregnancy discrimination, the wage gap, the mommy wars, leaning in, and opting out.  But for America’s working daughters, there is little to help them navigate between their careers and the needs of their aging parents.

There are currently 44 million unpaid eldercare providers in the United States according to the U.S. Census Bureau and the majority are women. And yet there are very few support programs, formal or informal, in place to support these family caregivers, many of whom are struggling at work and at home. Working daughters often find they need to switch to a less demanding job, take time off, or quit work altogether in order to make time for their caregiving duties. As a result, they suffer loss of wages and risk losing job-related benefits such as health insurance, retirement savings, and Social Security benefits. In fact, a study from MetLife and the National Alliance for Caregiving calculated women lose an average $324,044 in compensation due to caregiving.

This impact to a woman’s career is significant. Caregiving tends to hit women in their mid-40s, just around the time their earning potential starts to wane and dangerously close to the age when they may not be able to reenter the workforce if they leave. According to a recent New York Times article, the job market is not promising for women 50 and older.

These same women are expected to live well into their mid-80s, and outlive (by about two years) the average man. How will they afford their own care later in life if they can’t save for it at midlife while they are caring for someone else?

By no means is the United States the model for how to treat working mothers. America is, after all, the only developed country that doesn’t offer paid maternity leave. But at least there is a national dialogue about the need for affordable childcare and paid parental leave. Elder caregivers are all but absent from the conversation. Sure, paid family leave is starting to be framed as both a childcare and eldercare issue, but many policies only address the working parent, not the worker with parents. Just recently, Bill de Blasio, the mayor of New York, signed an order giving city employees six weeks of fully paid leave but only for the birth or adoption of a child—not for taking care of sick family members. And yet new research from Northwestern Mutual reveals the majority of Americans feel caring for two elderly adults would be more difficult than caring for two toddlers.

Read More: http://www.theatlantic.com/business/archive/2016/02/working-daughters-eldercare/459249

Related Article: Growing Need for Senior Care Auditing Providers