Mom or Dad had a stroke – must go into nursing home. They never did any planning. Home equity, mortgage / bank accounts, stock portfolios, etc. are still in Dad’s name or Mom’s name or Mom and Dad’s names.
Nursing home costs avg. $15,000/month, and Medicare only covers in full for first 20 days. After that it’s private pay until they run out of their private money. Then Medicaid will pick up the tab.