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1) To hopefully not lose her house if she goes into a nursing home for a lengthy amount of time

Not sure if this will impact you, but be aware that some states have filial responsibility acts on their laws, which basically states that the nursing home, hospital, etc can go after the kids if the parents can not pay their bills. The state I live in is very aggressive with these laws.

Of course while they will make you responsible for these bills, they also severely limit your ability to keep your parents from destroying themselves financially. We can be our own worst enemy as we age.

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