Parents in 90's still unfortunately have a mortgage about $50k. Dad may need memory care in facility within 5 yrs. Cash assets around $200k. Wondering if it is OK for them to pay off their mortgage, or should they park $10k with each of 5 adult kids and ask the kids to save it in case mom survives dad by a lot of years?
Does Medicaid allow spouses to pay off mortgage, within 5 yrs? Both names are on the mortgage.