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My 90 year old father lives with myself and my husband in an apartment in NYC. We took him in about six years ago. Although he has no major illnesses he is going down hill. It may be time to think about a nursing home. My father (although not a rich man financially) has a good income and assests. What amount of money justifies seeking advice from an elder care attorney?
Carol Bradley Bursack, Feb 8, 2012
Over the span of two decades author, columnist and speaker Carol Bradley Bursack cared for a neighbor and six elderly family members. Because of this experience, Bradley Bursack created a portable support group, the book "Minding Our Elders: Caregivers Share Their Personal Stories."
You should see an estate planner. However, be prepared that the government generally expects us to pay our own way until assets run low enough for Medicaid qualification.Still, there may be ways to protect some assets. As Jeannegibbs said, it's time for legal advice.Carol
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jeannegibbs
Give a Hug
Feb 7, 2012
If your father has good income and assets, it will be worthwhile to visit an elder care attorney and/or an estate planner.
Helpful Answer (2)
JanInTexas
Feb 21, 2012
llevy.......does your state have any Senior Financial Advisors? I'm going through just about the same thing you are, I contacted an Advisor last week, and we've gotten the "ball rolling" on saving my inheritance. My mom is like your dad, not rich but managed to save up a little, and she has a very good income, my dad was retired military. Alot of these places do work pro-bono, or at a very good rate please look into it.
Elfgarden
I recommend you pay an Elder Law attorney for a consultation. The consultation charge usually runs between $100-$200 for about 30 minutes and in some cases longer especially if the attorney is a sole practioner or like my husband where he doesnt "bill hours" and have to account for his time. You can gain valuable knowledge which may save you thousands in the longer run. With estate planning and elder care, timing is everything. Good luck.
Helpful Answer (1)
Please stay on topic or ask a new question.
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