Can I Leave the House to my Children instead of my Spouse?
Sara called because her mom, living at home, needed nursing home care and would need Medicaid after spending down her remaining $20,000 of assets. She told me that her dad had died 3 years earlier. I asked her about what happened since then. Sara explained that Mom’s health had steadily
What Happens When the Healthy Spouse Dies Before the Medicaid Spouse? Part 2
Last week we were discussing Judy’s problem with Medicaid. Her dad, Joe, was about to lose his Medicaid status unless he complied with New Jersey’s elective share law, something Judy had never heard of. I explained to Judy that many states have such a law. It is designed to protect an unsuspecting
What Happens When the Healthy Spouse Dies Before the Medicaid Spouse? ( Part 1)
Joe and Mary had been married for 20 years, a second marriage for both. They each had children from a previous marriage. As they both aged and needed more care their respective children stepped in. When Joe eventually needed nursing home care his daughter, Judy, handled his finances while Mary’s