Senior Specialist

I'm sorry to hear about your father's situation, but there are some options you can explore to help your dad. I have a list of options below that you can research yourself with some website resources. 1) Veteran's Benefits for low income - if your dad served in the military during time of war, was... (more)

I'm sorry to hear about your father's situation, but there are some options you can explore to help your dad. I have a list of options below that you can research yourself with some website resources.

1) Veteran's Benefits for low income - if your dad served in the military during time of war, was honorably discharged and meets certain financial needs then your dad may qualify for some assistance.  http://www.benefits.va.gov/BENEFITS/factsheets.asp#BM3

2) Supplemental Security Income (SSI) - if your dad is disabled and has little or no income than your dad may qualify for SSI benefits. There is a company that specializes in helping individuals with the application and qualification process. There is a fee for this service but is dependent upon getting funds approved. That means you don't have to pay unless you receive benefits. The name of the company is Allsup and you can research their services through their site: http://www.allsup.com/

3) Long Term Care Benefit - if your dad has a life insurance policy and meets certain requirements, then there are companies that will pay lump sum percentage of the value of the policy. The company in turn will be the primary and only beneficiary of the policy.

4) Reverse Mortgage - if your dad is 62 or older and owns a home with some decent equity then there are companies that will pay a lump sum about depending on the value of the home and equity amount.

These are a few options but there may be some more options based on the state you live in. It's best to check with a financial planner who is an expert in your state. I hope this helps.

Admond

We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.

Private Fiduciary, Trustee,Conservator, Financial Advisor

Only if your father served in active duty in the military during time of war (even if he did not fight in the war theater, all he had to be is on active duty for 90 days during time of war) then he may qualify for Aid and Attendance benefits from the Veteran's Administration. ┬áContact the Veteran's... (more)

Only if your father served in active duty in the military during time of war (even if he did not fight in the war theater, all he had to be is on active duty for 90 days during time of war) then he may qualify for Aid and Attendance benefits from the Veteran's Administration.  Contact the Veteran's Service Officer at your local VA.

We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.