Talk to an elder law attorney and ask them if a trust would be of benefit to protect assets. PM me if you need some recommendations.
we payed $5000 for a lawyer in bluffton, they help get on medicaid [edited] after that id call with questions no cost. paper work cost money. best money spent
iirc 1500 is max, keep it well under that. they get $52 iirc a month from ss. so over time it adds up. if married its 2500 i think. u can keep car and house. car has to be payed from his account. u can put the money in his acc for it. if u rent the house any money from the rent the nursing home gets. as for as vet dont know. unemployment office might know who to ask. they help alot with work.
pay the money for a lawyer that specializes in elder law, keeps u out of trouble with the law,
I agree. Talk to a lawyer who lives and breathes this stuff. I met with two different elder care planning attorneys while helping with my father's care.
This is important enough that you need specific guidance crafted around your specific situation.
You need to get an elder law attorney. Depending on how much money you're talking about, they can save as much as half of it. The number is close to every $6000 of money the person has, they have to provide for 1 month of private care.
As a heads up for those with parents not yet at the point they need this type of care...
The "authorities" will look at accounts and transfers prior to the person being put into a facility. So, you can't say, "Gramps gave everyone $10K before he went into the home and now he's broke!" because they will find that paper trail.
Plan ahead!!!
As a heads up for those with parents not yet at the point they need this type of care...
The "authorities" will look at accounts and transfers prior to the person being put into a facility. So, you can't say, "Gramps gave everyone $10K before he went into the home and now he's broke!" because they will find that paper trail.
Plan ahead!!!
I don't see the glory in taking someone's assets and then making your neighbors pay for their care.
Long term care insurance is just like that. Some people pay in many thousands and never use it, while someone who just got it, uses up the monies that the first person paid. It's much more complicated than you make it out to be and all family situations aren't like 1950's tv shows. Also I must point out that charging over $70,000 per year for nursing care seems excessive, as do other major medical costs. Sharing a room with just a curtain for privacy, isn't living the life of Riley. For most of us middle income folks, a major illness or accident can wipe out a lifetime of personal assets. I think that only someone who has been or is the primary care giver of an elderly person, with greatly diminished capabilities, can understand. I'm not complaining. I learned a long time ago that fair was a place to go to to ride the rides and eat cotton candy; it's not life.I don't see the glory in taking someone's assets and then making your neighbors pay for their care.
Long term care insurance is just like that. Some people pay in many thousands and never use it, while someone who just got it, uses up the monies that the first person paid. It's much more complicated than you make it out to be and all family situations aren't like 1950's tv shows. Also I must point out that charging over $70,000 per year for nursing care seems excessive, as do other major medical costs. Sharing a room with just a curtain for privacy, isn't living the life of Riley. For most of us middle income folks, a major illness or accident can wipe out a lifetime of personal assets. I think that only someone who has been or is the primary care giver of an elderly person, with greatly diminished capabilities, can understand. I'm not complaining. I learned a long time ago that fair was a place to go to to ride the rides and eat cotton candy; it's not life.
If the funds ran out long before their passing and Medicaid took over, do you think that they would have received the same level of care? BTW, you are a very good person. I've heard that most old folks don't have people who will take care of their personal business affairs (paying bills, selling their home, keeping up with their prescriptions, moving them, et al) take them to doctors' appointments or even visit them regularly when they finally need nursing care.It may seem excessive, but break that down per day, per employee, food, cleaning, laundry, etc. These things don't pay for themselves.
And yes, I have been the family who paid that amount per year, for both Grandparents. There was nothing left when they passed. I wasn't upset, I was glad they had the care they needed, that I nor my family could provide. I had my memories.
If the funds ran out long before their passing and Medicaid took over, do you think that they would have received the same level of care?
Do you think it is immoral for a person to hire a tax lawyer or other tax specialist and pay as little in taxes that the law allows? I had an accounting professor who said, "You should never evade paying taxes, but you should avoid paying them. One is illegal and the other is smart!"I don't see the glory in taking someone's assets and then making your neighbors pay for their care.
If the funds ran out long before their passing and Medicaid took over, do you think that they would have received the same level of care?
I don't see the glory in taking someone's assets and then making your neighbors pay for their care.
A while back, when I told someone that I wasn't able to care for my father in my home, I was told, that I would be surprised how many people try to do it and end up with deteriorating health and die before the person they are caring for passes. She explained that that one caregiver is trying to do what it takes a staff of several people to do. It is a huge task to take upon one's shoulders. Anyone who can do it is amazing!The cost of nursing homes is mind-boggling with the reality hits you, especially as was noted earlier that what is considered a "semi-private" room is usually a room big enough for one person (comfortably) separated by curtain. You can hear or read about the cost, but until you're writing the checks, it's just a number.
We tried to take care of my mother at home after the Medicare replacement benefits terminated and she went on private pay. It was just too much for us and the home health care options under Medicare are only useful to people who are mostly self-sufficient. I admire greatly those of you who are able to care for your family when they need it because I know how hard it is. Ultimately, the best option for my mom was the nursing home. Since she's been there, her health has improved dramatically, as has her mental and emotional states. I vowed years ago when my grandmother was put in a nursing home that I wouldn't allow it to happen to my parents, but now I see that while I had good intentions, that was more about my emotions than what was best for my mom.
Thanks for that. I was worried that when the the money runs out that Medicaid would have him transferred to another facility, maybe not as nice. Having had to move him from his house to independent living, to rehab and finally to the nursing home has been quite hard on him. The very elderly stress out with big changes and take a long time to adjust.my grandmother passed one month before funds ran out. my grandfather was on medicaid the last 3 years of his life. His care never changed.
I don't see the glory in taking someone's assets and then making your neighbors pay for their care.
Unless the facility is super shady, I don't think anything will change for a patient going from private pay to medicaid. The facility will still be getting paid.
For those who have family and friends in skilled care or assisted living, visit them as often as you can! In my opinion, frequent brief visits are much better for everyone concerned than infrequent long visits (unless of course you live too far away to visit all the time).