Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
IP is correct that expenses should be from your father's assets. If he runs out of assets then you can split the cost of his care. Also, if he has significant dementia his care becomes a medical expense.

A couple questions:
1.) How old is your father?
2.) What stage of dementia?
3.) Who has medical authority?
4.) Will there be any issue with final arrangements?
My husband did have a Medical POA for his mother. It gave him control over final arrangements. It would have been complicated without it because he would have had to obtain all of his siblings signature. One is not conserved but is also incompetent to sign.

My MIL had dementia. It is a difficult illness for the family. She was going through her assets at a significant clip. Another couple of years would have drained her liquid assets and a reverse mortgage would have been a consideration. The family was committed to keeping her in her home and that was done.

The last two months were brutal because one daughter couldn't accept that her mother should have been in hospice. She was convinced that her mother's problems could be fixed when it was apparent to everyone else that their mother's immune system was essentially gone.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.