How To Protect Your Home and Life Savings From Nursing Home Expenses 

Great video, rising cost of nursing home care poses a significant threat to both homes and life savings. As individuals age, the prospect of long-term care becomes a pressing concern.

My best friend, worked in a nursing home, she told me that the patients that had regular visitor's were well taken care of... so see your parents or grandparents, often. Drop in at unexpected days and times and often.

Blessed are the people who care for their family instead of dumping them in a home.

My husband and I took care of my mother for 13 years before she died. It was the best time of our lives. Sure it was hard the last few months, but the time we had with her was so precious.. We still talk about the memories, and she has been gone almost 9 years. The thought of putting her in a nursing home never crossed our minds.

I took care of my dad that lived blind and deaf till he was 93. He died at home and I inherited everything..... Honor thy father and mother.

I took care of my mother in her home until she was 93 she died in my arms from cancer my brothers and myself shared in her estate as she wished,take care of your parents when they need help as they did for you

My first job was as an nurses aid in a nursing home in 1969. II have never forgotten how many residents were forgotten by family and friends. Therefore, when we built our home in 2007 we made sure we put everything we would need in our elderly years would be on the main level. A walk in shower, wide hallways, etc. We also installed a backup generator so everything we need will always be in service. We have bedrooms upstairs and in the finished basement so if family members need to move In there will be a place for them. And my kids are willing to be be here when we can no longer care for ourselves.

My wife’s sister got dementia and her husband left her home alone , didn’t give her the prescriptions she had been prescribed . She came to visit and when we discovered her medication was 3 months behind we took her into our family Doctor and kept her about 4 years until she passed . On her new meds she was deemed competent and divorced that SOB . This was hard to do but we learned as we went was a big wake up call , life is short ❤️❤️

My Mom used to work in a nursing home but she herself never had to have care in one because of my Dad and I taking care of her. We did it for 10 years but she also took care of us. She would still cook my Dad some eggs and she would also do the dishes in a wheel chair and also she would fold laundry. She'd also refill the fridge with pop so it would be cold. These are the small things that she would do in her last year. We would play video games with her and also we'd take her to the casino for fun on special occasions because she would ask. I never let my Mom being in a wheel chair keep me from getting her out of the house. I'm just so glad we were able to take care of her. It hurt me financially but it was an honor to take care of such a loving and good Mother and to my Dad, a great wife.

Consider adding a bedroom with full bath to your home, with full handicap features (wheelchair accessible doors, grab bars in the shower, extra space in the bedroom for medical equipment). This will allow the family to care for the elderly to the end or at least until the care required exceeds the caregiving capacity of the family, thereby shortening the time in a nursing home. Hiring a home health nurse to cover the evening shift will allow the rest of the family to get decent rest. It is expensive, but much less expensive than a nursing home. We have cared for family members for years, well beyond age 100, in my home this way, without resorting to a nursing home. We do have RNs in the family, but basic home care can be learned by almost anyone.

My dad lived with us for 2 1/2 years and it was one of the best things our family ever did. It was ridiculous to put him in Assisted Living when he just needed someone to drive him around and help with taking his meds.

I'm almost 73, my husband is 69 and as yet, we remain in good health. But we've not set anything up to protect what we have from unforeseen circumstances, such as either or both of us needing nursing home care at the end of life. I've no children but would love to have something to pass on to a family member who needs it, whose standard of living could be greatly improved from it. This video has just the kind of information I need to be forearmed. Thank you sfor sharing it, Mr. Rabalais!

Just wished most attorneys out there had your heart to help people, but NO, they have to avoid what you do so they can ripoff their clients for overpriced fees they charge for just talking to you. You are the BEST human attorney out there, God Bless You. Thanks

My dad was in a nursing home the last two years of his life. They cared for him very well and we visited a few times a week. He had Parkinson's and suffered daily falls at home, 2-3 times a day. There were up to 7 people going into his home to help with his care including his kids and yet this was not enough. Not all nursing homes are the same. We were happy to see him do so well at the nursing home. We were not able to care for him so well no matter how hard we tried.

I took care of my husband who had a cervical tumor that took out his whole left side. He got cliff in residential therapy. I had to give round the clock nursing care. At the end he got cancer and was in a nursing home 6 months. I was blessed to have been with him all day. I was blessed even though it was hard.

Thank you for putting this information out there! My father was beside himself when he realized that he would have to pay all expenses until exhausted, then he’d have to sign over rights to his home to nursing home facility. He paid for 24/7 in-home care for the last 6 months of his life. As you mentioned in your video, fortunately he had his savings. A veteran of the Korean War, and hard working, tax paying man his entire life, felt that he was being penalized. In order to qualify for government assistance, he was required to spend his life savings, while those living on government assistance for years paid nothing. He had no choice other than to accept this fact, but he wasn’t all wrong.

I have been working and saving all of my life. Using my savings to prolong a miserable existence in a nursing home would be pure Hell on Earth.

My home is paid off...thank god we had put all of our assets in our kids name... my hubby had brain cancer and he was placed in a nursing home for 2 weeks after coming down ill with C Diff. I couldn't get over all of the paper work they made me sign... scary when I read the paper work. We had already gifted the house to our kids... this protected our home! Omg! Thank God he was only in there for 2 weeks. What I witnessed in that nursing home was sickening. This is a part of the World many do not get to witness. The stuff you are teaching us all about in this video should be taught to us all when we were in high school. Thank you!!

The secret is to keep your mom at home. Have a home visiting nurse/ CNA on-the-clock price may vary based on service needs

Thank you! How kind of you to offer such advice and inform us of laws that were passed and not really spoken of. I definitely wish everyone would HIT LIKE BUTTON or THUMBS UP. There’s no way to discern the number of people you have saved from losing their homes without being aware of this until their loved one has passed and they are grieving. You are a caring, kind soul

My mother was a slick old bird. When she turned 75 she sold her large home, her car and cleaned out her bank accounts down to less than $10,000 and moved into an apartment and passed the money out to her family. She said she didn't want the government to get it all, and wanted to see her family enjoy it while she was still alive. She made it another 10 years, but her final year she did have to go into a nursing home, they of course got her monthly Social Security and Retirement, but the asset transfer was way past the Medicaid lookback window at that point.

I wish I had seen most of your vlogs before your vlogs started. I had been sick as well. I was Mom's primary care giver. My elderly, sick, bed-bound Mom got very sick from Nov 20 till Apr 26. I think she missed my brother so much that she grieved silently over losing him. She died just 3 months after my brother. I can't even stand being in her house alone, though I have been back several times, but I felt very anxious the entire time. I wish I had listened to several of these videos earlier...PRIOR to when Mom became so ill. I now know what could happen to me (my estate) when I die. I'm running into many roadblocks as Executor for my Mom's estate. I never knew how hard this would be. I'm way beyond broke with upkeep of her house (utilities, homeowner's insurance, and yard work).

Shortly after my grandfather died, his wife went straight to a senior facility, in her own apartment, had a great social life, got a boyfriend, had a blast!

I had 2 experiences with Nursing Homes as a patient.. The 1st one was the worst I've ever been through. I had undergone bypass surgery on.my leg.. I was assaulted by a nurse , causing severe injuries to the bypass. I saw things that I won't forget.. The 2nd time was after a heart attack for rehab. I absolutely loved it there. The staff was wonderful ,

I never thought attorneys like you exist in this world. Thank you.

You are soooo right! Quality of care in nursing home is FAR less than assisted living, but AL costs so much that average american cannot afford it. Its as simple as things like food quality and no appropriate activities to engage their minds. Beyond that poor quality care by indifferent workers is truly frightening.

Best thing I ever did. Got it set up in early 2015...One word of warning is that it's not cheap, but it's well worth the expense. As long as you are paying for their work, have them set up a will, too. I'm happy that I joined the "Smart Peoples" club.

The hardest thing I’ve ever had to do was to place my 87 yo father in a nursing home. We went through three before settling on one near my home. It is crucial that someone visit frequently. With shortage of staff in nearly every nursing home, it causes frustration and sometimes the caregivers take it out on the residents. It’s a thankless job and many times they come from violent backgrounds at home. My father was a victim of sheer neglect and bad attitudes. I saw a shift in his personality from strong, confident man to paranoid and fearful. It broke me. But, I could not care for him because he was too big for me to lift. It was a short three months before he died. My mother was emotionally crushed.

I just saw this title & immediately knew the easy answer to how to protect your assists from nursing home expenses. Here’s the easy way - Talk to whoever you intend to leave your assets to, in your will. Tell them that they have two choices - 1) All their potential inheritance can be spent on your nursing home, OR 2) They can take care of your in their home, until you die, and then they can have the money that would’ve gone to the nursing home.

Thank you for taking the Time to post these very informative videos. God bless you.

When my mother was in a senior care facility, both my sister and I visited nearly every day. One of us would go at lunchtime and the other would go at dinner time. Depending on our schedules we would switch.

My sister took most of the responsibility for my dad in his last days with assistance from myself and two brothers. We had a very large family, but the four of us cared enough to share some of the responsibility. Despite the hardships we had there were a lot of good times too, full of laughter and hilarious mischievous antics our dad got up to. Playing up with medication refusing to take them to even spitting them out or throwing pills away, right down to changing from single, double or queen size bed. Though at the time it could be quite stressful, but looking back we were the fortunate ones. Though my sister carried most of the burden we inherited the homestead together and we maintain it together. My parents loved farming and gardening as well and we continue at least the homestead and gardening in particular as we are keen gardeners too. He actually took three of us to his lawyer and willed it to us two with our eldest brother as witness by surprise.

Thank you for always giving examples, it really helps understand everything much better. Love your videos!! Don’t stop making them, very informative.

We have a distant relative who is going into a nursing home who made us aware to of these Trusts prior to entering a nursing home. I by accident found your video and what a great informative video you made available. Waiting for my hubby to watch your video; we are 73yr & 74yrs old; hope we aren’t too late. Thank you for all your time on this excellent information !

Thank you for your excellent presentation. This was like a wake up call for all senior members to do the needful.

Thank you, for putting this info on Utube!,! I will be faithfully following your videos. I’m 84, and do not want to be in a nursing home.

Paul--thank you so much for this deep intro to the area! I'm obviously watching it most of a year later, and I'm glad you've gotten a LOT more likes than the 18 you were shooting for during the session!

Having worked as an RN in nursing homes in the past, I can tell you that the solution for this is very simple and everyone knows about it. Once your spouse CLEARLY is going to have to go into a nursing home, you file for a divorce with the responding spouse agreeing to let you have all of the assets because he/she has become incompetent to manage anything. Then you continue to live together as normal until you cannot do that any longer. When the afflicted spouse moves into a nursing home, he/she gets qualified for Medicaid because he/she has no assets. That keeps the healthy spouse from becoming destitute.

I’m enjoying the very informative legal advice. I would just advise the younger viewers to think of one more alternative. When I turned 50 I joined AARP solely to qualify for their sponsored long term care insurance program. I have paid relatively small monthly fees, and at age 72 I am only paying $103 a month. This insurance is inflation protected, and provides more than $5,000 a month for life, as well as smaller amounts for home health care, etc. including my social security I will have access to $7000 minimum per month from these two sources, without selling my house or touching any other assets. By starting my LTC insurance so young (50) I have paid ridiculously low premiums all these years, and of course, if I have to use the insurance my premiums stop. At the time it seemed like a goOd idea. Now it feels brilliant. Hope others can benefit from this alternative to relying on Medicaid. Thanks!

If you want to save some of your time …. video starts after the 38 min mark ;-) and the answer is Irrevocable Trust … also there is 5 year rule that it must be done BEFORE applying for Medicaid.

You, Mr. Rabalais are a gem! I wish you practiced in my vicinity. I would definitely seek out your services. I kinda feel like a 72 yr old Rabalais groupie! I watch your videos repeatedly! Thank you so much for all your wonderful information!

Thank you so much for all the amazing information you are sharing everyone. I live in Texas. My husband and I are in our early 70's. Your videos have been such a blessing.

I was on state health insurance when I got paralyzed 5 years ago. Spent 2 years in hospitals and nursing homes. Won a couple legal settlements since then. In order for Medicaid not to grab your money, ask the lawyer to write a check from a local bank, cash it with your drivers license. In my 40s no kids

Very helpful. Thank you. On another note, I always hit the LIKE button immediately since the RU-vid host was kind enough to post the video. It amazes me that only about 5% of viewers take the half second it requires to hit that button in exchange for a video which takes hours to produce. Just sayin’.

Thanks for very informative topics. You can also save this transcript, click the 3 dots on the right, next to SAVE, above the bell, then save on your computer, laptop.

Suggestion: your form asks something like "Where Do You Live?". In effect, you want a state name. Perhaps it should say "in which state is your primary residence" and provide a dropdown list. I look forward to seeing your online platform.

Thank you so much for all of the information found in your videos. It has help my husband and me tremendously.

My mother at one time had a good job, money and property. She started feeling poorly and got dementia. Wouldn't eat. Lost weight. Finally got Hospice care. She spent every dime and died at 80, penniless. My brother and I were her caregivers. I paid for her cremation. So financial planning would've helped her!!!

I found your web site a month ago. My wife & I are in our 70s & healthy. We are concerned about the UNKOWN future, in terms of care costs. Your videos have helped me understand more of what I must know to protect our assets. THANK YOU!

34:55 = why you need this information. avoid crisis planning! plan early, here is critical info. If you don't know your rights, you don't have any. Thanks for making this video!

I once owned two nursing homes in NZ. And loved the residents, and loved ,and learned from their life’s journey, however at times they said to loved ones, they were not fed , or showered ( not true ). One lady left her daughter two big farms, when I asked her to buy some warm underwear for her mother, the answer was, don’t be ridiculous she’s 90, and won’t live much longer. I couldn’t believe what I was hearing. So people please remember there are two sides to a story, and age does play mind games at times on facts.

Fantastic video! Thank you so much for the detailed explanations. The scenarios enabled me to digest the unfamiliar content easily. You anticipated my questions and answered them thoroughly. I subscribed and look forward to learning more.

Thank you so much for sharing your expertise. I am 65 and healthy, no prescription meds. I have been giving a lot of thought to transfering my assets to my son. I now feel comfortable considering a family trust. Blessings to you

Thank you for doing these videos! You did our planning about 8 years ago. We need to come in again to update a few things post flood and talk about our parents situations. It may be too late for them. :(

I really enjoyed watching you on You Tube, I learned alot from listening to you. I am going to continue watching your You Tube Videos. I am interested in learning more about Living Trust. Each one of your videos are incredible and I have learned a lot from watching your awesome videos. I live in Hawaii and really want to set up a living trust for my children. Perhaps I can schedule one of those 15 minutes sessions that you offer. Thank you for sharing your knowledge. Appreciate your level of wisdom. Mahalo and Aloha Bryan Ashlock

Thank you for your advice. It’s been a long time since I took wills, trusts and estates in college. I know laws vary state to state. I live in Oregon and I want to protect my spouse and other family members if I should pass away before my husband. Be well 🤔❤️🇺🇸

Living in the world we live today...we will all soon "own nothing and be happy". Enjoy your life now.

Great video with lots of very useful information! I think your videos are well-balanced. They educate us so we can decide what we want to do for our particular situation. Thank you!

You are awesome. You popped up on my feed this morning and I’m watching for the first time. Thank you so much. I subscribed and look forward to watching your other videos. What an amazing service and blessing you are providing to so many. God Bless and God Speed.

Purchased a twin home with two mirror units. Mom who is 88 lives in one, and my spouse lives in the unit next door. Ideal situation so far.

My friend in Greece had to put her mother in a nursing home. The monthly fee was 500 euros a month that came out of her mom’s pension . And it was a nice place not a hole in the ground. The prices we charge in the US for any kind of medical or senior care is staggering. I am getting depressed. Money rules our life and death. The only thing that gives me solace is they can’t charge anything for our afterlife. Yet.

Yes, thanks for giving illustrations.

Thank you for sharing your expertise in this area so we can be safe and prepared.

This is why my husband and I bought high level long tern care insurance at 48, so we would not be a burden to anyone.

My mom's nursing home accepted Medicaid and was small and wonderful. She was well taken care of and loved the staff - who loved her back!! I agree one should stay on top of your loved one's care. Must be sure even if things seem OK. I was very involved. But make no mistake, many very elder (she was over 90) people need professional round the clock care that is just too expensive for the average person to afford AND even then, is not always as good as in-facility care. Too much sentimentality about keeping elders home. Too much greed to try not to lose an inheritance. It's not one size fit all, however, the solution must fit the needs of the elder, not the heirs!!!!

I just found this on 6/5/2021. My Mother died at 97, the Nursing home want me to sign her house over to them. She pass away before they could get it. I was so happy they did not get it.

My mom and dad went into assisted living facility when dad had end stage alzheimer and we were able to keep him there til he died with my family being caretakers. I remodeled my home for my retirement but also for my mom to live with me, she is 85. Im a nurse of 43 yrs and am 63 but in good health. She'll never see inside of nursing home. Then hopefully I'll be able to live in my home til my death as all being on one level, ramp to my front deck and my girls are CNA's and my family very close with 6 nurses in the family.

How knowledgeable and helpful you are thank you.

Thank you for this great info. You get to the point and explain it very well. This is my first time on your site. I “liked, subscribed,and added a comment” in order to keep you active on YT so I can learn more.

By far the best solution when you feel it is time to check in a nursing home ( aka death chamber ) is NOT to go to a nursing home ! Take a long road trip, go into the wilderness, fly away to the Last Frontier or take whatever measure is necessary not to become a burden to your family or the government will take it all away from you in a heartbeat .

You have been a good recourse. We have been reading sources and watching videos to learn more, and I have to say that you have been great.

My mother who was in Shreveport, LA, living in Stratmore Nursing facility for 4 years and enjoying her life. On Medicare no bills no worry 84 years young worked all her life. She lived at home up until she had a stroke and needed assisted nursing care. My uncle, her brother who worked for the post United States Postal Service for 42 years died and left my mother $270,000.00. Thats when the vultures of our corrupt government with their wicked laws steps in and totally destroys her life and mine. What the hell is my mother going to do with $270,000.00 dollars? She’s in a wheelchair and has to have help to bathe and other assistance. Now she has to start paying her own way, healthcare, medicine, insurance. We can send billions to foreign nations, allow all the illegal immigrants to enter into this what was once a great country and give them free everything, but we can’t take care of our own. I know $270,000.00 may seem like a lot of money but it’s not enough to sustain you when you have to pay out $6000.00 a month out of your pocket. Oh no! My brother who was the clerk of court for Caddo Parish for 16 years gets his crony attorneys to set up a trust. You see, everybody who profits from your good fortune is the attorneys who you have to hire because the laws are so corrupt. The whole system is a scam. Oh it gets better. My brother who set up the trust and is the trustee and board member of the bank the trust was set up in gets diagnosed with cancer and has 9 months to live and passes away. Guess who inherits the mess, me. The last living survivor, gets it all thrown on me. I move my mother to Alabama and call the attorney she (by my brothers hand) spent all the money to set up the trust in Louisiana and low and behold he can’t help me because my mother no longer resides in Louisiana and advised me that I needed to hire an attorney in this area. More money to the attorney crooks. Let me say with much confidence, if you live in the Shreveport, La. and you need nursing care for your elderly parent. STRATMORE is a great place. BUT, If you live in Louisiana PERIOD , I suggest, move, get the hell out. My mother lived in our home for eleven months until we could not care for her as we could not facilitate her needs. Moved her into a care facility 5 minutes from our home. Two months later she has a stroke and they will not accept her back and her care skyrockets to $7,000.00 a month in Alabama. We have to find a place that will accommodate her according to her budget so she don’t run out of money!!! We move her to Gulf Breeze, FL. to Gulf Breeze Court Yards assisted living and 7 months into her stay the conditions were so horrible the State of Florida closed the facility. COVID-19 , you know Covid 19 hits while she’s in GBCY and we can’t enter for 2 months. That’s how long it took me to find another facility, hire an attorney in Florida so we could even get her moved because of COVID-19! I visited my mother through a window for the next 7 months. My mother will run out f money before Medicare kicks back in! Do you really think any of these crooks gives a damn about you are your elderly parents? They are euthanized by the greed of the corrupt government. Paul, I’m not saying you personally fit into the shoes of these careless bastards. You are taking the time to educate people and for that I respect you. But my story is what the factual reality is when your parents get old and they get thrown around like trash in a world that’s going straight to hell. We have lost our morale compassion for each other and the United states of China is going down. Nursing homes, The Government, attorneys, don’t give damn about you are your elderly parents. I’ve experienced it FIRST HAND. THERES so much more to this true life nightmare, but who cares, it will most likely get deleted anyway. NO ONE CAN HANDLE THE TRUTH ANYMORE! If you trust in this world your a fool. Gods Bless all who know the Lord Jesus Christ who put their trust in him and obey the truth.♥️🙏

Thank you so much for all this knowledge I’m going to be a 66 I lost my husband here in a half ago and I have a lot to think about but I’m definitely gonna make an appointment thank you again

I just last week established a revocable living trust with the expectation that I would qualify for Medicaid! My attorney never brought this up. OMG! My head is going to explode. I have started to fund it, and now I guess I should pause. Thanks for the information!

Please update this if necessary. Thanks for your videos. They are most helpful.

Will you be covering the situation where assets are already in a Revocable LT but they need to go into a trust to protect them from Medicaid

Great insight thank you so much. Wonder if these rules apply in state of MD and if not where one would find source material to find out.

Thank you so much for creating these videos. They’re so helpful!

I worked for a home health care agency for 8 years, mostly in the clients' residences in Oregon. Here the state has a registry of independent home health aides, if the patients wish to hire their own staff (much better than just anyone from Craigslist!!). There are also group homes of up to 5 patients in private residences, which are also regulated by the State aging agency. Then there are commercial & charitable nursing homes at 3 levels -- independent living, some nursing care & locked wards for Alzheimer's & other mental states. Some nursing homes don't have all 3 levels, so the family has to move their seniors to another facility & start all over. Several states have an ombudsman program, but they can't be everywhere...

I joined the meeting late, so don't know if you covered my dilemma. I'm in my late 60's, and have only one child. I own a home, which I want my child to inherit instead of losing it to a nursing home. Should I transfer to him now?

Thank you so much for your very well and comprehensive presentation. I will intend to do something very very soon. I was not aware of any of your presented details. Indeed there are so many ways of saving your hard saving money but we have to be careful who is getting all these. Many times, our adult children do not care for us, just to get the money. They are not all the same but in this time you can expect anything since there are a serious lack of moral values and faith. Thank you so much.

Very well and clear explanation in this complicated topic! THANK YOU so much Sir!

Thank you for this valuable information. Different families are in different situations and by freely sharing option, this will help many, many families with a loved one and difficult decisions.

My parents had everything in a Trust and we still had to pay all the nursing home. (Idaho) Be sure and let people know that some states have passed legislation to stop the loophole of trusts.

Thank you Sir for your public service. Despite the few thumb down, your content is invaluable to middle class families such as myself. I'm subscribed and giving you the thumbs up. Thank you again...

Seeing loved ones get care from social services "visiting angels" at home services sickened me. The cleaning was limited or not at all, the spending time with elderly limited, especially when they keep a head set on and take to other ppl. Seems most of their time was spent stealing things, smoking, playing on cell phone (face book etc). Some even had the nerve to walk in and ask where the patients drugs are, or walk in and ask why 2 doors in the house are locked (meds, valuables), or walk in and ask how many bed rooms the house has!!!

Even though I am seeing this in June of 2022, it has some valuable information to help with this issue. Thank you

Thank you so much for the information.

I could have used this in 2017. I had to put my father in a nursing home after he suffered a stroke that exasperated his Alzheimer's. Paying for it exhausted both his life savings and mine. I found about private care group homes and moved him into one of them for the last eight months of his life, which was less than half the cost of the nursing home and MUCH BETTER one-on-one care, but the damage had already been done. I still owe that nursing home $23,000 which I don't have, and even though I inherited my father's house and still live there, I can no longer afford the mortgage payments (I've been out of work since before Covid even started) and I'm about to lose everything, simply because I got no financial advice and thought I was doing the right thing for my father.

I was looking forward to learning from this video -the hatefulness of some of the visitors to the site makes it difficult- each case and each state have different criteria

Even if you never need to put a loved one into a nursing home, it still makes GREAT sense to talk to an Estate Planning attorney early!!! Have a will! The state template for a will has been updated. Please go verify your will meets your state requiremetns. My mother in laws will was deemed void thus non-existant and had to be fully probated. Grrrr. Please get a will (updated). A irrevocable trust is a complicated document PLUS alot of the complication is moving deeds into the trust. Work with the county to bridge home stead exemption to the new trust. You will loose home stead and have to argue to get it bridged. Yes though to use Living Trusts to avoid probate and irrivocable trusts to also avoid probate but also solve the 5 yr look back re medicaid paying for nursing home (etc). Tnx for this topic.

I'm 64/retired and sorry to say to nursing homes I'm spending my savings, stocks, selling my home and traveling etc right now like there is no tomorrow. I'll be 100% BROKE in 15 yrs and enjoying every minute of it right now. They won't get a fucking penny. BTW I have no kids or wife and basically no family left.

Let me say one thing. There are many people who need assisted living or skilled nursing home care but their families will not part with one penny to pay for their care. They wanted moms assets for themselves. They will not hire staff. I deal with this daily in hospice. The assisted livings and skilled nursing facilities vary in quality as do elder advocates. I meet many elder advocates who are not working in the patients interest but charge families more per month than a faculty.

Hey you guys out there - never ever beat yourself up if you have to put a parent in a nursing home - most people in thier minds think they would never ever do it which is a normal way of thinking - when it comes to reality things are very different - a lot of the time what is envolved in the care required is so much harder and so much more difficult than you could have imagined - even lifting an older person who is fragile is a mine field - some things you just have to leave it to the profesionals - sometimes its the kinder thing to do

I am in Australia and while our laws are quite different to those in the US, you've raised some points I think I may need to address for myself and husband. Over the years there have been a lot of rorts in Aged Care homes - people buy in, or pay deposits, then they pay on-going fees for care and so forth, but what happens to the deposits when they die? It's a minefield. Thanks for a great presentation.

Thank you. This was informative.

Charts and graphs would be a great addition to your videos (visual aids enhance learning).

Im an case worker.. Rules must be different from state to state. Here in MN, cap assets is 3000 - All assets are counted.. Special needs trust are exemptible, but have to be review by county attorney. Oh, 1st car does not count as assets, 2nd car does...LTC must be different, but you must meet requirements for Medicaid to be on LTC, so rules must be different. Plus you have to cover medical spend down if clients move into SNBC (special need basic care).

Always find your videos helpful and educational. Thank you!

It depends on the level of care they need and if you are physically and financially able to stay home and care for them