Don’t Let Mom Lose Her Life Savings to a Nursing Home

Don’t Let Mom Lose Her Life Savings to a Nursing Home

Nursing home care is often costly and can eat away at your aging mother’s life savings. With careful planning, did you know there are programs that may alleviate the cost, and there are financial planning strategies that can protect the bulk of her savings? It can be important to start planning early. Ideally, you would have at least five years to plan before nursing home care is needed. Even if you do not have that much time, it may not be too...
Your Parents Do Not Have to “Go It Alone” When it Comes to Nursing Home Planning

Your Parents Do Not Have to “Go It Alone” When it Comes to Nursing Home Planning

Have you found that planning for long-term care can be complex? It is true. Not only is every individual’s situation unique, but every state has their own eligibility rules for Medicaid. It may be important to seek out and consult with an experienced elder law attorney in your area to get assistance navigating these intricacies. These are some of the common mistakes that people make when applying for Medicaid without the assistance of a...
Will I Need To Pay My Parent’s Nursing Home Bill?

Will I Need To Pay My Parent’s Nursing Home Bill?

The decision to place a parent into a nursing home for full-time care can often be wrought with a range of emotions, including sadness, worry, stress, and guilt. On top of those emotions, there may also be an overwhelming concern about the cost of nursing home care and how those bills are going to be paid. Will you be on the hook for your parent’s nursing home bill if he or she cannot afford it? The short answer is: probably not, but you should...