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][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] Its not just marketing and this is why these attorneys are a waste of time and money. You will not get medicaid with money in a trust. Not how it works. Memory care provides the highest level of care and security. You use up all there money and then do medicaid. Healty and mobile means nothign with dementia but more reason why they need memory care as they don't realize they have dementia and need a more secuire enviroment.[/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