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Eldercare
Reply to "Aging parents who refuse to move "
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[quote=Anonymous][quote=Anonymous]It boggles my mind that people want to protect their parents' assets and condemn them to a Medicaid nursing home (if they qualify) rather than use their assets to have a decent end of life. I get someone being forced into a Medicaid nursing home if they have no money, but that kids want to preserve the money for themselves truly astounds me at the selfishness.[/quote] You don't get it. To qualify, the seniors in question are REQUIRED to spend down their assets. So the first few years they're paying, and then when they can't pay, they're allowed to stay thanks to Medicaid. Unless you come up with a sneaky plan YEARS IN ADVANCE - because the nursing homes check prior assets several years back! - you cannot transfer wealth to relatives to avoid spending down assets. [/quote]
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