Sometimes people say "it is never too late." This may be true about some things, but there is such a thing as closing the stable door after the horse has bolted. You need to keep this in mind when it comes to Medicaid planning in Oklahoma, Kansas or Missouri. Why Medicaid? If you have worked hard all your life you may wonder why you should even consider the subject of Medicaid. The simple answer is that you have paid into the program during your working career, … [Read more...] about When Is It Too Late to Engage in Medicaid Planning?
Recently one of our newsletter readers submitted a question to “Elder Care Matters” of which I am a member. The question was: "My mother is 91 years old and has Dementia/Alzheimer’s. She does not know how to read or write, but . . . granted Power of Attorney for her finances to my elder sibling. This was done in secrecy and did not take the rest of the family into consideration. Now my sibling has taken over my mother’s house and her bank funds and has placed my mother in a nursing home … [Read more...] about What to Do When Estate Planning Decisions Don’t Involve the Whole Family