Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Eldercare
Reply to "Elder attorney told family that memory care is a scam"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Basically title says it. Were consulting with elder law attorney for how best to help plan for a younger (early 70s), divorced parent with dementia and considering memory care. Very few options for Medicaid funded memory care in their area so will likely be self pay for a while until the money runs out (could buy maybe 5-6 years or more). Attorney says put half of assets in a trust, apply for Medicaid and spend down in a Medicaid facility because memory care is “just marketing.” He just wants the money to set up the trust, am I right? It’s a decent amount of money sure but he is not wealthy. Has cash (less than half a million) and a home, but not much else. Will be broke quickly, at the rate of memory care, but feel like it’s the best setup for a relatively healthy person who is very mobile and has dementia. Are we crazy thinking this advice is self serving (for the attorney)?[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
