I am 61, with Parkinson's. Due to being hospitalized, I am currently living with family. Since I cannot afford to pay for LTC for more than about 2 yrs, I have been liquidating my assets and putting the proceeds in my savings acct. My current understanding is that I should get admitted into a nursing home when I need to do so, and apply for medicaid from the nursing home when my assets are "spent down" to $2000 or less. I also understand that I can use some of my assets to pay for funeral arrangements.