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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.


Does she know about long-term care insurance? It costs an arm and a leg, but may be the way to go. Earlier in this thread, I posted a link to TIAA-Cref's long-term care insurance calculator.
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