Financial & Planning

While most families anticipate and accept the costs of providing care, many aren’t aware that there are tax breaks for family caregivers that could help lighten the burden.

Although people of any age can be taken advantage of by thieves and scammers, research shows that people over the age of 60 are among the most vulnerable; people over 80 are at even higher risk for financial exploitation, according to Consumer Affairs.

Not all care is created equal and it certainly does not cost the same when looking at nursing home vs. assisted living vs. home care and other choices. The care need will of course depend on the individual, and the needs may change over time due to availability of family, a particular illness or an additional injury therefore changing the type of care. As the needs change, so do the costs for care.