I'm attorney Amber Jade F. Johnson, and you need to know how to protect an inheritance for an elderly parent or to leave money to take care of your parents. After I talk with a family, a lot of times, I will ask them the question, "If you died suddenly tomorrow, would you need to take care of your parents or leave some money to take care of your parents?" A lot of times the answer is yes. The issue there is, a lot of times, elderly parents go on to become very ill and, if they do, they may not have enough assets. Typically, in this scenario, they do not have a lot of assets of their own, and they will need to qualify for Medicaid healthcare down the road.