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Monday, June 16, 2008

On "Negative Inheritance"

Boston Elder Law specialist Harry Margolis posts about the idea of what economists call a "negative inheritance," where the costs of care for elderly parents outstrip any "gift" which might ever be received. As he writes, the costs are "financial, physical, and emotional."

Thanks to Louisiana estate planning attorney Laurie Redman of the Louisiana Estate Planning and Elder Blog for bringing this to my attention.

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