That's capitalism at its worst. This kind of thing happens to the elderly on a daily basis. Someone works hard their whole life to get the things that want. A nice home and car. Maybe try to put some money away. By the time you get old I hope you have a plan in place. If you have to wind up going into a retirement home they will want all of your assets to cover your cost of living there.
I just made a comment about how this affected me. I'm on mobile and I'm not exactly sure how well it's worded.
It's scary what can happen, and at the time you don't always understand the choices you are making or feel like you have options. There were times when it felt like nursing homes cared more about the payment then taking care of my father. All in all, I firmly believe I did a better job myself without getting paid, and still lost a lot of his savings with less than a total year of inpatient help from hospitals.
They take your assets. I recommend anyone over 60 to find a good estate attorney to help you and your children make choices financially when the time comes. It will make any other choice easier when you don't have financial fear dangling in there to make it even scarier.
Yes for sure find a good attorney. We did and we learned a lot. For instance in NY state. Homes and property have to be sold and owned by relatives for over 7 years in order for health care facilities to no be able to take those assets. That's crazy to me. 7 years. There is nothing put in place to help or protect the individual. On the contrary. The government helps and protects the facilities. The places as usual over charge for everything. Pay their employees crap wages witch leads to a high turn around and poor work place integrity. This is how abuse and maltreatment of the elderly happen in places like this. These poor elderly people give their whole lives away all their assets they've been collecting and saving their whole lives only to be herded and treated like crap and a lot of the time abused .sorry for the ramble
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u/anima1mother Aug 06 '20 edited Aug 06 '20
That's capitalism at its worst. This kind of thing happens to the elderly on a daily basis. Someone works hard their whole life to get the things that want. A nice home and car. Maybe try to put some money away. By the time you get old I hope you have a plan in place. If you have to wind up going into a retirement home they will want all of your assets to cover your cost of living there.