My mother is living with me. She has a caregiver come in 4 times a week and it is no longer enough. I don't want to lose my inheritance paying for her care. Any ideas on an inexpensive way to get home care for her?

Yes, one of the reasons people save for their old age is so money will be there in case they need extra medical care. What was the point of all that saving by your parents if they cannot use it on themselves in their time of need?

SB:

Which one is more important?

You might also genetically inherit the same health issues your mother is suffering with today, or worse. What would you want your children to do given the same circumstances?

parent saved up so much money is for thier old age . theyre the wise ones . now kids comes along and started to get greedy is not the wise one . that money is not for ur needs , it is for ur elders needs .
when i get old i wont have any money saved up . i ll be using my kids money :-) ....

Really????....I want my Mom to use all of her funds on herself....for her care or anything she may want. I would be embarassed to worry about an inheritance and allow my Mom to not get the best care available.

Without more information, it's a little hard to answer your question. Long-term care insurance can cover in-home visits - is that already set up and being used for the 4x? Not knowing what you have in place with the visits - have you contacted Visiting Nurse Association about additional check-ups? The inheritance comment is a little confusing - if your parent has money now, it should theoretically be used for her care since inheritance doesn't really come into consideration until someone is dead. If there is money for an inheritance in your mother's name now, it will reduce money available through state programs at low or no cost that might help your mother. If there is an Aging Care Agency in your area, you can contact them to see if there are programs that your parent qualifies for.

Quote " I don't want to lose my inheritance. Any ideas?"

So is this ? really all about you and your future.......

I know my in-laws and my mom and dad hoped that they would give us an inheritance when they passed on, just like I hope we will be able to give our 3 boys an inheritance. However, all of my MIL and FIL's money went to their care. The main thing is that they get the care they deserve, whether that's from you or or someone else. I quit my job and have been caring for my Mom since last June. I sometimes get a little worried because i know this is affecting my Social Security payments. But I think it is important to just live in the present and not think about the money part of it.

Can you quit your job and stay home and take care of her? I have been taking care of my mother for over 10 years now. I work part-time and have a home based business. I work as a caregiver, if you need help, we can exchange telephone numbers.

My Mom and Dad were able to save money living on a small pension and social security. They lived a simple life but all their needs were met. Dad is now gone and Mom is in a nursing home. She never wanted her savings to be used for herself, which I repeatedly told her, that is what it is for. She did not have long term care insurance so untli government aide becomes available, expenses are paid out of pocket. I saw the need to hire a lawyer specializing in Elder care and Trusts and we had the savings put into a trust for Mom. The money is now protected from Probate upon her death, and it is not considered an asset. I do have the ability to access the money when needed. Mom can no longer make decisions for herself and I handle all things financial. She is not happy about it, but I have no other alternative at this time. My suggestion, if you have not already done so, is to hire a good elder care lawyer and get a good financial advisor and see what your options are. It was worth the cost to secure Mom's financial future during her time of need. IMO inheritance is overrated. Statisics point out that no matter how big or little the inheritance is, it will be spent in about 9 months. Like my husband just said, parents do not want to be a burden on their children, that is why they saved their money. A lesson that is lost on youth today.