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1. Most people will never reside in a nursing home.
 
2. Anyone can sign a valid power of attorney or will.
 
3. Annuities are usually good investments for older adults.
 
4. When a parent's residence is transferred to the parent's child, the child will automatically avoid property tax reassessment under Proposition 13.
 
5. If I give money to my children or my church, I'll automatically be ineligible for Medi-Cal for nursing home care for 36 months.
 
6. Home care workers provided by a private agency are always employees of the agency.
 
September 12, 2006


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