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Author: kmweiss One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35396  
Subject: Re: Plan For Mom Date: 6/12/2003 1:59 PM
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Hello. You guys all seem right on target with plans for Mom so I thought I would ask a slightly different question within the same topic.

My mom is concerned that one day she might have to go into a nursing home and that the nursing home will take all her savings before she qualifies for medicaid. (This happened to her mother.) She has shifted a small amount of assets to my brother and me or opened joint accounts with us. However, the bulk of her assets remains in her name. Should I direct her to an attorney to figure out a plan? She would like to be able to leave her money to her grandchildren for college, etc. If it helps to know, the savings amount is not particularly large, but she is financially set for life through other means and does not need the savings to live on.


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