When Mom's money runs out
My 85 year old mother has Parkinson's disease, mild dememtia, loss of bladder control and lives in a lovely assisted living community. My sister, who lives very close to her has shouldered the main care giving dutes and handles all of our mother's financial obligations. My sister is an extreme worrier and has figured up that Mom will be out of money in 4.9 years and my sister is very concerned as to what will happen when the money runs out. None of the three children has the capability to take Mom into their homes nor the financial means to keep her where she is--which by the way, doesn't take Medicare. What can I do to allay my sister's fears? She thinks that Mom will have to go to a convalescent home where she would have to stay in bed all day sharing a room with another person.