Father has entered SNH. Has enough assets to private pay for about 1 year. My question is this. Should I split parents money, mostly CDs into 2 separate accounts for the spend down period. I would use father's account to spend on SNH and medical expenses. Keep Mom's accounts separate. Keep the joint checking account to pay for house and regular living expenses. Dad's income is around $2100/month. Mom's is around $1200.
Any Medicaid financial help links?