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Holy baloney that's expensive. What can you do when your elderly parent is suffering from dementia and can barley walk anymore and neither you nor they have tha
by Thlom 3y ago
Holy baloney that's expensive. What can you do when your elderly parent is suffering from dementia and can barley walk anymore and neither you nor they have that kind of money to spend?
- 2devnull 3y agoBankruptcy. Not for the elderly person, because elderly have protected federal income. But bankruptcy for the children who are on the hook due to filial responsibility laws in most states.
- ww520 3y agoAssisted living or skilled nursing homes are for the “rich.” People sell their home to finance the cost. At the end Medicare picks up the cost.
- randito 3y agoIn some states, there is something called a Lady Bird Deed. It lets people keep their homes while still being eligible for Medicaid. Plus, it avoids the probate process. https://www.nerdwallet.com/article/investing/estate-planning/lady-bird-deed https://www.nerdwallet.com/article/investing/estate-planning...