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Eldercare
Reply to "Aging parents who refuse to move "
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[quote=Anonymous][quote=Anonymous]Can I ask a question here about financials? Sorry if this sounds dense but we are just starting this journey. What are the financial implications here and options for peoples parents who have not done any forward thinking or saving? If they continue to let the house deteriorate and are forced to sell it way under market value, I fear they will have few financial resources left for later life care. It’s easy to say “just let them do what they’re going to do” but what if down the road something like dementia care is needed (there’s a family history) and they have used a large portion of their resources to stay in a large home they no longer need? This weighs heavily on my mind in addition to the physical concerns. [/quote] You try to protect their assets and put them on Medicaid if possible [/quote]
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