Step Two: Assuming you complete step one, next is the Medicaid question: “Who will take care of you, when you can’t take care of you? First, couples are, relatively the same age. Perhaps within five years. This age difference might allow one spouse to take care of the other for a little while, but it does not resolve the issue that the well spouse can only take care of the ill spouse for a short period of time.
As my parents age, what should I do?
Step One: It is critical that you determine if your parents have estate documents. If they do, make sure that their estate documents are up-to-date. By estate documents, I mean a Last Will and Testament, Living Will (this is the “Pull the Plug” document), Health Care Durable Power of Attorney and General Durable Financial Power of Attorney. When I say up-to-date, I mean within the last 5 years.