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Eldercare
Reply to "Elderly Parents- Caregiver Options"
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[quote=Anonymous]Are you in charge of their finances and do you have medical and financial POA? Do they have a will? If I were you I would get involved and see exactly what their finances are, etc. It's not common, but do they have a long term care policy or life insurance policy? Make sure their estate planning is done. You may have to start spending their assets because you have no other choice. Then once those run out you can apply for Medicaid. Unfortunately, aside from paying yourself I don't think there is another choice. Assisted living places are expensive, but how much is their house worth? I would tour some places just to get a feel for them and the costs. Then if you have to move them you know roughly the costs and which one is the nicest. Is there anyone else that can help out like friends/family?[/quote]
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