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Big Picture Retirement®

Inbox Question | Medicaid for Parents

Big Picture Retirement®

Devin Carroll

Business News, Business, Investing, News

4.7545 Ratings

🗓️ 8 May 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Today we answer a question from Cathy about helping aging parents in California navigate care costs, preserve limited resources, and explore options like pro bono legal support.

Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms. 

📍Contact Devin's team at https://carrolladvisory.co/podcast1  

📍Contact John's team at https://www.rossandshoalmire.com/ 

If you're thinking, "I love the Big Picture Retirement podcast!" please consider rating and reviewing this show! This helps us support more people -- just like you -- move toward a confident retirement. Just scroll down to the "ratings and reviews" section, tap to rate with five stars, and select "Write a Review." Then be sure to let us know what you loved most about the episode!

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Don't miss the Big Picture Retirement Planning Cheat Sheet. We've distilled the essential brackets, thresholds, and rules of retirement into an easy-to-digest, three-page summary. https://www.carrolladvisory.com/pl/2148282517 

Want to ask Devin or John your question? Just visit https://www.bigpictureretirement.com/ and click on the "Ask A Question" menu selection. 

 

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Big Picture Retirement Show.

0:07.6

Today, we're going to the inbox to answer questions sent in by you, our listeners.

0:12.3

Now, if you'd like to send us a question, just head over to big pictureretirement.com and click the Ask a Question tab in the top menu.

0:18.9

Oh, and just a quick reminder.

0:19.9

On this podcast, we provide

0:22.0

general information and not specific tax, legal, or financial advice. But if you're ever ready

0:28.3

to move from the broad education we provide here to personalized advice that's specific to you,

0:34.7

you can find links to our websites down in the description.

0:38.4

Now let's jump in to today's question.

0:46.3

John, today's question comes from Kathy, and Kathy said,

0:49.2

I'm enjoying your recent podcast series on the perfect estate plan.

0:52.6

I especially like the one you did on Medicaid.

0:55.9

That was a good one. We got into some depth on that, didn't we? She says, here's my question.

1:00.1

My dad and his wife live in California and both recently qualified for and our own Medicaid.

1:06.7

Dad has some very bad memory issues and will most likely need to be in a care facility.

1:10.9

His spouse still lives in their home. How do I help them be good stewards of their very limited

1:16.3

funds? She may not be able to afford the house just on her Social Security. Are there attorneys

1:21.1

that work on a pro bono basis? And how do I find them? Thanks for the good information you share.

1:27.3

John, this sounds like this is

1:28.5

right in your wheelhouse. And by that you mean giving away free advice? No, being an attorney.

1:37.3

All right. So the short answer to the question of are there attorneys that work on a pro bono basis. So a couple of things there.

1:48.0

So there are, there are generally there are legal aid. And I don't know specifically about California,

...

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