In the United States, family assistance typically flows down the generations, and an important type of assistance involves caring for the next generation. “We found limited evidence that grandmothers caring for grandchildren in skipped-generation households are more likely to experience negative changes in health behavior, depression, and self-rated health,” researchers Soldo & Hill explain.
How common is it for families to be headed by one or both grandparents? The 2010 U.S. Census counted more than 2.7 million “grandfamilies.” Reasons for the arrangement included:
- Parent with an addiction
- Parent with emotional problems
- Child neglect
- Parent in jail
- Death of parent
- Domestic violence in the home
- Military deployment
- Do you have physical custody with a court order or an informal arrangement?
- Are you authorized to register the grandchildren at school?
- Can you make medical decisions for them?
- Can you add them to your own health insurance plan?
“Find an attorney who specializes in family law,” she adds.
At Geyer & Associates, we know. In all estate planning, our focus must be on planning for our clients’ current needs and planning for potential disability and death. In “grandfamily” situations, delicate and complex adjustments must be made to grandparents’ estate plan to provide for "assistance flowing down the generations”!
- by Rebecca W. Geyer