We’re both 77. My wife is now in long term care and her pension, social security iRA will over her for a decade. These items also comprises in excess af 50% of our total income The quandary facing me is trying to survive on 45% of what was already modest combined income stream. Her LTC and independent living well exceeded our combined incomes?
Add to this mix is that I’m losing my eyesight to macular degeneration so I won’t be able to drive in year or perhaps even less.
The nursing home is not entitled to half of the combined marital income or assets.
They are only entitled to half of your wife's 50% of the income and assets which would be 25.% They are in no wya entitled to any of your personal income that is not a marital asset. Like your monthly social security or pension income or from any kind of investments or insurance policies that are in your name only.
You should still talk to a lawyer though. In fact, a divorce lawyer would be worth consulting with because they know all about what's considered a marital asset and what isn't. That would be a good start.
Have you made any lifestyle changes that can help you live on a lesser income? Like moving to less expensive senior living? If you're having health issues of your own because you may need homecare.
Have you thought about if you need to go into care at some point? Don't hand it all over to the nursing home your wife is in because they demand it. You may not have to pay out what you do. Talk to a lawyer.
You need to know your legal options.
We just received a note update from one woman who is seeking a divorce. I call these medical divorces and a friend was forced to do this when his young wife went into a permanent coma after an accident. No one ever knew he divorced her but it was years until her death. And this did do division of finances.
My godmother had macular degeneration and lost her eyesight. She also had Alzheimer’s disease. She spent her final years in a nursing home. I am sorry that you are losing your eyesight.
Have you contacted Council on Aging in your area to receive help for your needs?
Have you spoken with any pastors in your area to see if they can help in any way?
Have you considered setting up a GoFundMe page for assistance?
Are you able to get food stamps or other benefits?
Others on the forum will chime in with their ideas. Hopefully, you will be able to find something useful in the postings that will help you prepare for your future.
Wishing you and your wife all the best.