Guest Post: What Caregivers Need to Know about Financial Planning
I don’t regret a whole lot about the eight years I was my mother’s caregiver, but one thing I wish I had done differently is I wish I had sought the advice of a financial planner. Today’s guest post about financial planning may help you avoid some of the mistakes I made.
When my mother, Judy, was living in a memory care facility with the middle stages of Alzheimer’s disease, she ran out of savings and I applied for her to go on Medicaid. Her application was denied because of an error I made when I sold her home, an error which ended up costing my family a great deal of money. I wish I had known enough back then to consult not only an attorney familiar with Medicaid rules in our state (which I did), but also a financial planner who could have helped me plan ahead and avoid costly missteps.
Today I am pleased to share with you a guest post from financial planner Kathleen Clark of S.E.E.D. Financial Strategies. Kathleen and I recently spoke together on a panel at a case management conference at Binghamton University in Upstate New York. She has guided many family caregivers to better financial health.
Click here to read the guest post on caregivers.com.