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Eldercare
Reply to "Divorcing to protect assets? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The legal expectation is that no more than 50% of joint assets in a (intact) marriage needs to be used for care - of the one person. No need to divorce. Spend-down and document the 50%[/quote] I believe it is state based. In some states the community spouse can keep the house, but is only allowed a monthly allowance, which frequently doesn't cover all expenses for upkeep of the house, much less themselves. [/quote] In my state, Medicaid will take assets including SSI, and provide the house (up to X value) and allowance only to the spouse.[/quote]
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