Filial Laws & Media Madness: Could You Owe Your Parents’ Debts?

What if you could be held financially responsible for your parents’ unpaid medical or long-term care bills? It’s not a theoretical question- in 25 U.S. states, filial support laws are on the books, and enforcement may be on the rise. In this episode of Financial Choices Matter, Charles and Marc shine a spotlight on a little-known legal concept with potentially huge implications for families.

As healthcare costs rise and state Medicaid budgets get squeezed, more states are looking at enforcing these laws- or enacting new ones. Charles explains where these laws apply, how they work, and why this is sparking renewed conversation about long-term care planning. But first, they’ll kick off the conversation with a candid look at today’s nonstop media frenzy, the pressure to constantly predict market moves, and why most financial "outlooks" amount to nothing more than noise.

Here’s some of what we discuss in this episode:

📺 Why financial media creates stress, not clarity

💭 The illusion of predictions, forecasts & outlooks

⚖️ What filial responsibility laws are and where they exist

🛡️ Modern long-term care insurance options

🧩 Why planning ahead is more important than ever

0:00 – Intro

0:58 – Media madness

4:30 – Media’s impact on investing

7:35 – State filial laws

10:13 – Long-term care insurance

Order my free book, Protecting Your Assets with Tax-Free Long-Term Care insurance solutions---https://arizonaltcresources.com/book

Have questions about any of the topics we covered in today's podcast? Reach out to me at 480-513-1830, or schedule a call via my calendar.

Want a free copy of my book, Protecting Your Assets from Long-Term Care, click the link below.

Download, The 10 Critical Things Seniors Need to Know About Long-Term Care, click here.

Filial Laws & Media Madness: Could You Owe Your Parents’ Debts?

Subscribe to the podcast & YouTube channel

youtube

Spotify

Apple Podcasts

Amazon Music

iheart radio

tunein