J
Jess82 Asked February 2015
How are joint assets and current income divided between spouse and person needing NH care?
Follow
Share
My 77 year old wife has Alzheimers and is approaching the need for NH care.. We jointly own a home, cars, and have saving invested in stocks. Are the total assets, jointly owned, considered in determining her medicaid qualification, or are these assets split according to some formula to make that determination? Our income is SS and investment dividends.
This question has been closed for answers. Ask a New Question.
2 Answers
J
Jess82 Feb 2015
Thanks Pam
Helpful Answer (1)
Report
pamstegma Feb 2015
Yes jointly owned assets get divided up. If you can get her in as private pay, you have a much better choice of facilities. Ask to speak with the NH benefits consultant. Any NH is obligated to help sort the financials.
Helpful Answer (1)
Report
This question has been closed for answers. Ask a New Question.
Popular Questions
- I'm afraid my sister is trying to steal all of my mom’s money by being on joint accounts with her. What can I do to protect my mom?
- What is the reasonable amount for a child to receive as payment for caring for their elderly parent?
- How to tell my sister that I should be paid or get more than 1/2 of the inheritance for taking care of mom?
Ask a Question