Recommendation for a financial or legal advisor for my elder mother
Thank you for reading. My mother is in her late 70's and is beginning to take on outside help to assist her in the care of my father who has advanced dementia. She cannot afford to put him into a facility that offers full time care, as they are the upwards of 10-15k/month. She currently lives on social security, some investments, 401k, as well as my father's pension. All of these monies have permitted them to live comfortably, but within reason. However, with the cost of in-home care, more and more money will have to be spent as my father will require help with the basics. I have been advised to help find an advisor for her to help her manage her finances when the care he requires becomes too much for her to do on her own.... which is not too far in the distant future. I am hoping someone can refer a person-- lawyer, financial advisor- who can take a look at her financial portfolio and perhaps advise her how to best use her finances to help with his care-- I specifically want to make sure that my mother does not use up every cent she has taking care of my dad, leaving her with nothing when he passes. I know they have 'too much money' to qualify for medicaide from what I understand. But I think we could both use some advice as to how to manage all her finances as we grow deeper into needing more help to care for my father. I appreciate your time to read this and any suggestions you may have. --lesley
Parent Replies
Call Karen Jaber, 415-388-1523. She's technically in Marin, but travels all over the bay area advising mostly elderly clients on these types of issues. My brother & I used her for his mother-in-law and then our own mom, and liked her so much we used her ourselves.