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Reply to "My parent has gotten sick very fast, other parent in denial, how to pay for nursing home in Virginia"
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[quote=Anonymous]You're in a bad situation because your dad needs to drain assets now, and your mother could live another 20 years. If you don't have a good handle on your parents assets, you need to sit down with your mom and get one. 70 is young to have spent through all retirement savings. You also need to have an honest talk with your mom about her long term plans and preferences. Does she want to stay in her home. Move in with you? Move to a retirement community? If you have a sibling or siblings, they should be included in this conversation. I agree with PP that someone under 70 who is healthy does not belong in a FT skilled nursing facility. Then you should probably find a reputable financial advisor who you pay by the hour (not one making a commission on investments) and develop a long term plan. I know it sucks to become the parent for your parents. Best of luck![/quote]
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