I'm not talking about people paying a reasonable amount of money for extra care towards the end of their lives.
I'm talking about preventing (appointed) guardian abuse or total takeover of someone's assets.
Would a "trust" help?
I'm sorry, I'm not familiar with all the legal will, trust, etc. specifics but would like a crash course in protecting ones assets, particularly when they've been earmarked for a nonprofit or a grandchilds tuition, or to pay off a home purchased with an adult child.
There are so many examples online I'm not sure what to post so let me give a scenario:
A couple is deemed unable to live on their own by the state. They can't get ahold of the adult daughter and before you know it: mom&dad are in a nursing home paying cash for room and board, the house and all belongings are sold through estate sale, savings and all assets are gone (to nursing home and "guardianship fees.")
Is there a way to prevent this?