my wife and i are due to move to sheltered housing soon. we have some savings and own our own home at present. how can we be sure the inheritance we have built up over the years to pass to our two daughters stays in our control and does not pass to the state?
I would not make any changes to your finances until you have spoken with an elder attorney or financial advisor. With all the cost increases in elder care, please make sure that you will always have enough assets for your care. (In my area, assisted living costs $3000./mo. and nursing home care is $8000./mo.)