Mom & Dad own a cooperative apt in NYC. Mom has Alzheimers & will need nursing home care soon. Will Medicare force Dad to sell their apt to fund nursing home care? When he dies/sells apartment then he needs to pay for her care?
Would it make sense to put her in a nursing home & he stay in the coop & when he dies then Medicare submit a claim to the estate?
Should he sell the apartment, divide the proceeds from the sale into accounts with his name and with the name of his children to protects this asset?
I just don't know what to do
What should he do since he has not set up anything?