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Eldercare
Reply to "Supporting parents/in-laws financially in old age"
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[quote=Anonymous]I think the best you can do is get a parent to share what their financial picture looks like including any LTC insurance etc. Then consider what options might be to have them cover their health expenses. If they are financially set, then paying for a consultation with an Eldercare Lawyer to see what protections might be possible for their funds. If funds are limited, then perhaps g learn about subsidized senior housing and get them in the waiting list. Also find out what services in your area will have Medicaid beds So if you go in as private pay for a couple of years you might be able to move into Medicaid Bed in future. I think if your parents will not cooperate in future planning, then you have to clearly let them know what you will and will not be able to do. I would place your children’s future first.[/quote]
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