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Reply to "Divorcing to protect assets? "
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[quote=Anonymous]If they divorced, assets would be split 50/50. That includes the house. Under Medicaid rules, a house does not have to be included in spend down assets if it’s jointly owned. So in some circumstances it’s possible to protect assets by divorcing and in others, the couple screws themselves by trying this. The two biggest questions in the equation are life expectancy and amount and nature of the assets. Also remember Medicaid has a five year look back period so you can’t give assets away either. [/quote]
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