Placing Your Parent at Risk for Long Term Care
Think your parent is invincible? One day he or she will need care. If you’re a child who hasn’t quite grown up, who still relies on mom and dad for financial support think again. Cash allowances, gifts or loans can threaten your parent’s ability to access Medicaid if and when the time comes. Many children don’t consider the long term needs of parents when they ask for money. If you have the best long term interest of your parents at heart become independent and earn your own way. If not you’ll place your parent’s ability to access care at risk when they need help the most.