WealthManagement Magazine

Helping Seniors

Although adult children don't have a legal obligation to take care of their parents, they often feel an emotional or moral responsibility.Denise Yuu, a rep with Salomon Smith Barney in Hartford, Conn., works mostly with 40- to 60-year-olds - the sandwich generation. She finds that adult children are willing to help older parents fund long-term care insurance. "The children kick in to make sure they're

Although adult children don't have a legal obligation to take care of their parents, they often feel an emotional or moral responsibility.

Denise Yuu, a rep with Salomon Smith Barney in Hartford, Conn., works mostly with 40- to 60-year-olds - the sandwich generation. She finds that adult children are willing to help older parents fund long-term care insurance. "The children kick in to make sure they're covered," she says. "Everybody rests easy when mom and dad are taken care of and have a choice of facility."

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