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 "Protecting assets for end of life care in context of a second marriage "
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][quote=Anonymous][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. [b]My goal is to help them preserve that and not spend down their assets on their new spouse. [/b] 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] Marriage is a commitment to do just that though. It's joining two people to become one. If your parent wants to get married, this is what they are choosing to do. Is your parent mentally competent to make this choice? If yes, then back off. If no, then get them declared mentally incompetent and they will not be allowed to enter a legally binding contract like marriage, and their money will be safe.[/quote] If your parent starts spending their money on a spouse's care, you can make it clear that you won't be able to support for parent should they spend all their money (this would be fine to do if your parents were still married too). [/quote] Of course. The point is, if the parent is married they have the OBLIGATION to pay for their spouse's care, whether that spouse is the parent of their children or not. Maybe their are some legal loopholes like the OP wants, but seeking them out makes them a garbage person.[/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