Because my husband doesn't qualify for assistance due to 'too many' assets, he thinks we should get a dissolution to our marriage. If it works, I'm okay with taking this avenue. Has anyone tried or done this? I'm a bit younger (10 yrs) than him and he doesn't want me to be left with nothing when he passes. He has MS and may live another 10+ years cause he is otherwise, healthy as a horse. He's 70.
Not sure that getting a divorce would help but I don't think it's fraud - SAYING you were divorced might be! It would more be a loophole, if it works of course.
I am not a lawyer but was told this was not an option for my folks. My Dad had to "spend down" so my Mom could get on Medicaid. He did take her name off the house etc. The "community spouse" is entitled to keep the house, a car and a limited bank account. Unfortunately, it is not a pretty picture.
*Apart from multiple sclerosis*, healthy as a horse… Well, I've heard of the power of positive thinking.
Um. I'm almost too flabbergasted to comment other than that. Why not visit an elder care lawyer or specialist financial advisor together and take advice?
Um. I'm almost too flabbergasted to comment other than that. Why not visit an elder care lawyer or specialist financial advisor together and take advice?