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[quote=Anonymous][quote=Anonymous]Have you considered whether you could afford getting her a long-term care insurance policy and taking charge of paying for it yourself?  It might be worth it if you can afford it, to have the peace of mind to know that if she needs help with the activities of daily living down the road, that she can get some or most of that covered.  She may end up needing that, but not nursing home care.  A friend of mine eventually was able to get financial power-of-attorney (long story) as her mother developed dementia.  She was able, eventually, to activate the policy.  Her mother was a homeowner, so she did effectively have some savings.  She had gotten scammed out of a lot, unfortunately, because she has fronto-temporal dementia.  Evidently, with that form of dementia you can often present very well, but be vulnerable to financial scams.

Anyway, my friend's mother is now in Assisted Living, and is happy there (she's in her 80's).  The difference between the quality of life there vs. a nursing home can be significant.  I helped out a bachelor uncle who qualified for Assisted Living, and naturally had a strong preference for that over the nursing home.  He lived almost another 5 years after moving up here from Florida (in Assisted Living).  The latter is expensive, though, so having that long-term care insurance could be very critical.

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Good suggestion but LTC is very expensive and if it does not cover the entire cost of care, its going to be hard as then one does not qualify for Long Term Medicaid.  There are lots of problems with POA and not everyone, like the nursing home we are dealing with accepts the POA.  It helps in some situations but not all.  Far better to get legal guardianship via the court.  You can file yourself - easy and its a 5 minute court hearing.   We didn't know my MIL had dementia given her age and thought it was depression.  Its important to get involved early in the finances and other stuff.  I wish we did it sooner.[/quote]

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