re: More on an upbeat topic. Aging parents.

Spot on

I hope you find the answers. We have been going through the same thing with my Dad and we have received so much conflicting information we have decided to simply let the chips fall where they may. Not a huge estate but it means a lot to the individual who will inherit it all, my niece, and would like to protect her interests as much as possible. The 4 of us, my Dad, myself, my wife and our niece, have decided to simply let whatever happens happen....outside of spending a lot of money on attorneys, and there are plenty who are willing to take it, we can get conflicting information from a google search.

He lives with us. She lives in his house which has been her home her entire life. I am the executor in his will and it states that everything goes to her as it should, and will IF he does not wind up in a nursing home or spends a couple of weeks in the hospital at the end. If either of those things happens its anyone's guess what happens to what is, in essence, her home. He is at the point where he is not far from needing more care than we can provide with both of us working full time. The system, as far as we can determine, provides absolutely nothing based on income, until he actually enters a nursing home or hospital and then it provides almost anything needed with the buy down of course. Costs would be FAR less if they provided in home care and he would much prefer that but, thus far, we have been told that in home care would be based on OUR income, not his, and our income is way more than the upper limit. Our plan is to provide for him as long as possible and hope for the best. Helluva plan and helluva system....

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Get full power of attorney over finances and medical. Get will executed. Lastly, if she is willing have the person on power attorney added to bank accounts. It will make life much easier. I speak from recent experience.

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All of this.