If your loved one already needs care or might need care very soon, then you might be concerned that it is too late to do planning. But usually, that’s not the case. Let me tell you a story about Barbara.

Barbara came to see us a few months ago. She was facing a really difficult situation. Her husband of over 40 years, his dementia had progressed to the point where he really couldn’t reside safely at home any longer and needed to be moved into a nursing home. And this is really upsetting for Barbara. They have been married for over 40 years, and it was not an easy decision for her to make. She was also really concerned about how it was going to impact them financially. Were they going to lose their house? Was she going to be left without enough funds to support herself at home? We were able to help Barbara by understanding how the Medicaid rules work, and how Medicaid can provide financial assistance to help pay for nursing home care. We explained how the rules work – that there are certain safe harbors for spouses to make sure they are not left financially compromised.

We put together a great plan for Barbara that protected her and her husband. We actually were able to save almost all of their assets. We also partnered her up with a local care manager that was able to find the best local nursing home for her husband’s care needs. And we handled the Medicaid application process for Barbara so she didn’t have to worry about dealing with the Medicaid department. Instead, she could really just focus on spending some quality time with her husband.

If you have more questions, then give us a call at 919-443-3035 and we would be happy to assist you.

If you are caring for a spouse or aging parent, then check out our caregiving guide. It’s packed full of information that can really help you on your caregiving journey.

Jackie Bedard
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Attorney, Author, and Founder of Carolina Family Estate Planning