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I have been doing it for about 17 years now. Keep assets in your name only, don't become liable for their debts. And good luck it isn't easy but it can be rewarding.
Have been doing it for many years. It gets very hard with a full time job but if you have a good team, they'll be understanding of needing to work remote or at times odd hours to make up for it. Some that I know have switched to internal firm roles to better handle the obligations. Also depends on where the parent will be living and how much assistance they'll get outside of the help you'll offer.
Make sure legal stuff is in order; may want to consult a lawyer that specializes in that area. Not as big a deal as it used to be, in that it is a more common situation these days, but worth peace of mind for both of you.
@D1 - Are you financially liable if their assets don't cover expenses? Definitely getting legal advice