Retitling Assets to Healthy Spouse to Qualify for Medicaid
It’s something I have written about in past blog posts but just last week we received a call from Mary on this exact issue. Her husband, George, has Alzheimer’s and now needs care at home. She is concerned that as his condition worsens it won’t be long before he
Marriage and Medicaid (Part 2)
Last week we were discussing George’s dad and step-mother. Dad married Rita 5 years ago and now she needs nursing home care. Are Dad’s assets protected or must he spend them down towards Rita’s care? Even though Rita came to the marriage with few assets and they’ve been together only a
A Family Owned Business Long Term Care Nightmare (Part 2)
Last week we were talking about George’s tragic stroke and need for nursing home care. He still owns the manufacturing business he built and the warehouse which houses it. His son, John, asked me whether those assets are protected from being spent down towards care before Medicaid qualification. Like so
Dad Gets German Reparations Money – Can Mom Keep it All?
Jerry’s dad receives a monthly check from the German government, compensation as a result of his suffering at the hands of the Nazis in World War II. Dad has dementia and will soon need nursing home care. Jerry is trying to preserve as much as he can for his mom,