• flipht@kbin.social
    link
    fedilink
    arrow-up
    3
    arrow-down
    1
    ·
    1 year ago

    Feinstein’s a terrible senator, which should surprise no one, since she’s not been particularly good at any of her jobs.

    Additionally, her cognitive abilities seem to have declined substantially.

    All of this is completely independent from a power of attorney, which is absolutely normal and should be something all families discuss doing when they have responsible adult children. If you do not do this, it would take a court order to help out a parent who gets admitted to the hospital suddenly but still needs to pay bills, or you’d have to get the person declared incompetent if they are being scammed and you need to step in to fix it.

    Power of attorney sets up the framework for dealing with those issues in a timely manner, but it has to be done while the person is competent and of sound mind, so you have to do it before shit hits the fan.

    Also, for family finance planning, keep in mind that medicaid has means and asset tests that basically mean old people have to spend everything before they can get the government to pay for long term care. And the government can claw back property if it is transferred within a few years of needing that safety net. My mom and her mom worked all this shit out years in advance and it went very smoothly, compared to my father’s paranoid parents who wound up having to fork over hundreds of thousands of dollars that they spent their whole lives saving, just to have necessary medical care in their 80s and 90s.

    Plan ahead, folks.