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Eldercare
Reply to "Assets and long term care"
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[quote=Anonymous]Mom owns a house 50/50 with her live in boyfriend/partner of 30 years. The house is a beautiful cabin he built himself on a gorgeous mountain near state parks so probably has appreciated hugely in the last 30 years. )No zestimate available) Otherwise they are very poor. Poor enough that I send my mom gift cards to be sure she can buy good groceries (they barely miss the food stamps cut off). She's retired and he makes probably $12 an hour as a carpenter. Mom just had a dementia diagnosis which could mean Medicaid, long term care, etc. She lives very far away and my sister is her POA. I am going to ask my sister to talk to a lawyer but, is there anything you'd advise folks to look at most carefully in this situation? I'm thinking maybe she and her partner should get married to protect the house. I don't want her partner to end up having to sell their home to pay for her care. The value of the home may be so high that it has to be liquidated. Thanks.[/quote]
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