Caring for Aging Parents at Home? Discover How Legacy Planning & Medicaid Can Protect Your Family's Finances
Caring for Aging Parents at Home: How Legacy Planning & Medicaid Can Protect Your Family’s Finances
Caring for Aging Parents at Home? Here’s How to Protect Your Family’s Finances
Caring for a parent at home is one of life’s most meaningful roles—but without a financial plan, it can quickly become overwhelming. With in-home care costs averaging over $61,000 per year, many families risk draining their savings or losing the family home.
The guide explains how legacy planning and Medicaid strategies can provide vital support. Legacy planning goes beyond a will—covering tools like powers of attorney, advance directives, and Medicaid Asset Protection Trusts to shield assets and ensure care continuity.
Many assume Medicaid is only for the poor, but with the right planning, even families with modest to significant savings and a home can qualify. Many state Medicaid waivers offer in-home support services, respite care, and more—often underutilized due to misinformation.
Don’t wait for a crisis. The article encourages families to act early—before health issues arise—by securing legal documents and speaking with elder law experts. With proper preparation, families can protect their legacy and provide compassionate care without financial ruin.
Genera’s course, Financial and Legacy Planning for Families covers all of this. Start today for only $149! This is Genera’s premium course that covers everything.
Legacy planning = peace of mind. Love your parents, but also protect your future.
