Will Medicaid Count a Spouse's Assets If the Husband and Wife Live Separately?
My father-in-law recently moved into our home after his wife's daughter would no longer look after him. He is 81 and has b...
Read moreThat depends on the state. For example, in Massachusetts the answer is "yes" -- 401(k)s and IRAs are counted like any other asset. But in some other states, the spouse’s retirement assets may not be counted. There is one rare exception in Massachusetts: If the spouse is still working and the retirement plan is connected with her employment, then the retirement plan won’t be counted. Given that the rules differ from state to state and that sometimes various exceptions do apply, you will need to consult with a local elder law attorney to be certain. To find one near you, go here: https://www.elderlawanswers.com/USA-elder-law-attorneys.
Local Elder Law Attorneys in Your City
My father-in-law recently moved into our home after his wife's daughter would no longer look after him. He is 81 and has b...
Read more
My mother established a qualified 529 College Savings program for her two grandchildren. She has terminal brain cancer but...
Read more
If the spouse of a nursing home resident gives a monetary gift to her children/grandchildren from her own monthly income,...
Read moreMedicaid Rules, etc