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Eldercare
Reply to "Protecting assets for end of life care in context of a second marriage "
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[quote=Anonymous][quote=Anonymous]If your parent has spent all of their assets, unless you live in a jurisdiction that has and enforced filial responsibility, you wouldn’t be footing the bill for anything unless you want to offer the new spouse an “upgrade” from whatever Medicaid has to offer.[/quote] Right. My parent has enough for a comfortable retirement and end of life care. My goal is to help them preserve that and not spend down their assets on their new spouse. For what it's worth, new spouse also has means, as do their kids. Just looking for ideas on how to help, but recognizing my help may not be wanted. If my parent is open to going with me or one of my siblings to talk to an elder law specialist, should we be asking about a certain kind of trust, for example (I doubt an irrevocable one is going to be well received)? And can an already married person put assets in a trust without the consent of their spouse? [/quote]
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