Hi! My name is Scott Wyatt and I am the founder of the West Virginia Medicaid Advisors. My first experience with nursing homes was close to 30 years ago. My nana raised five children on her own, as my grandfather died when my mom was twelve. After my grandfather passed my nana was forced back to work. She found a job as a waitress and worked very hard to support her children. Starting her family during the great depression and losing her spouse was very difficult, if not impossible. All of her life she saved and did without to make sure her family had the necessities. Her main priority in life was to make sure her children and future grandchildren would be taken care of. Therefore, she saved all of her money for the next great depression that she feared was right around the corner.
Later in life, she developed dementia and had to go to a nursing home. Our family was told that we must spend down all of her life savings, and that is exactly what we did. People that had our best interests at heart, the financial advisors, and attorneys we consulted confirmed this misinformation. What I learned the hard and expensive way was that wrong information, even from the most well-intentioned, can cause a family to lose a lifetime of savings. Please don’t let this happen to your family.
