If my husband has to go to long-term care, can they take the money I had in investments before we married?

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This is my second marriage and I had money in investments before we married.

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If by "they" you mean the nursing home; the answer is "no," but it will want to be paid somehow. However, if you mean can Medicaid insist on counting your assets even if they were yours before your current marriage, then the answer is "yes." Medicaid rules even ignore pre-nuptial agreements that try to segregate the assets of each spouse by contract.
That said, know that the spouse at home can protect up to $120,900 of their own separate assets. For more about the asset rules, you may want to get a copy of my eBook on this topic, available here: http://medicaidsecrets.com/eBooks.html
If he would be in "private pay" care, then what you pay with is up to the two of you...If he applies for Medicaid at some point, then (generally speaking) married couples are subject to what is known as "spend down." The "community spouse" is entitled to
a little over $120,000 in countable assets. The Medicaid recipient is limited to $2000.

You may want to consider consulting with a RECOMMENDED elder care attorney...I capitalized it because in my own experience, we talked with three of them who did not know their way around the block when it came to elder care law.


Grace + Peace,

Bob
Heifer, if you kept the money separate and it was yours prior to marriage, it will not be considered as an asset of the marriage. It will be your money to keep. Be sure not to mingle this money with your husband's money, so that it will not show up as being his asset should he need to apply for Medicaid.

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