An article in the New York Times this morning explains what happens if your mother, who has $100,000, goes into a nursing home.
If she lives two years or more, she will run out of money and will need Medicaid to stay in a nursing home.
Cuts to Medicaid will jeopardize her health and “are a direct attack on our elderly, our disabled and our dignity.”
Read more here.
Contact our firm if you want to plan for age and disability.Are Children Responsible for Their Parents’ Debt After Death? A Guide for Nashville Families
Key Takeaways In Tennessee, children are not personally responsible for unpaid debts in a parent’s name alone. Debts are settled through probate and paid from the parents’ estate before any assets are distributed to the heirs. Children may only be liable for debts...