Reply to Elderly Divorce for Financial Reasons

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[quote=Anonymous]OP, her plan may not be that simple.  There is a five year old back on assets so she may be screwing him over more than you are saying.  Medicaid looks back 5 years, so they will consider her assets via the marriage and may not give him medicaid.  If he goes into a nursing home, move him to where you live so you can manage it.  There is a lot to manage and is very hard long distance (we moved my MIL here and its daily drama with the nursing home and lots of paperwork).  My MIL is on medicaid and its a different medicaid - there is regular medicaid and long term medicaid.  Even if you are not eligible of regular, you may be for long term (this happened to my MIL).  Once on medicaid, they take all but $77.  Prepay a burial with his money and buy tons of clothing and future needs (stockpile) as the nursing homes destroy or lose clothing and bedding (we replace every few months).  If your dad is having cognitive issues, get rep payee for social security and get court guardianship (we did this but wish we did it sooner) and that way you control everything.[/quote]

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