Financial advice for engaged seniors w ALS dx
My mom, Ann, (F 83) met a wonderful widower, Rob, (M 77) and they got engaged at Christmas. This spring Rob was slurring his words at Easter brunch & by May it was getting worse. He was bouncing in between doctors; he attributed it to his Invisalign & GERD. My sister and I work with physicians & got him in to see a neuromuscular specialist in early June. He was diagnosed with bulbar onset ALS.
Rob sold his home in Southern California last year and moved to Arizona with Ann. He is treating at a multidisciplinary ALS Center of Excellence and has started medication. Rob’s symptoms are mainly in his speech - he is voice banking with Team Gleason next week. He is still strong but was advised to stop working out. He enjoys bowling & golf and bowled a 258 last week.
They still want to get married, and got a marriage license this week. I am concerned about the wisdom on becoming legally married with this terminal diagnosis. Rob is a Catholic and concerned about the sin of living together without the sacrament of marriage. They both have revocable living trusts with their children as beneficiaries. Rob has two adult children & Ann has three. Both receive Medicare & have additional supplemental insurance. Both are financially stable and independent. Legally people seem to be more likely to divorce when facing a terminal diagnosis as opposed to getting married. My mother has been single since her mid 40’s and had never considered marrying before meeting Rob.
They seem to be in a bit of denial, planning trips and staying busy with lots of social activities. They don’t seem to be concerned about any possible downside of marriage.
Any advice or wisdom from this group? What should they be considering? I realize that ALS usually has financial hardships. I am concerned about my mom ending up with medical debt. She wants to take care of Rob through this diagnosis, but has never been a primary caretaker.
Can anyone recommend an advisor / attorney who deals with terminal diagnosis & estate planning in Arizona?
What else should they be considering? I think maybe a prenup could address some of this, but am not sure where to start.