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If I need a nursing home, will my spouse and children lose everything?

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If I need a nursing home, will my spouse and children lose everything?

Question: If I need a nursing home, will my spouse and children lose everything?

Answer: If you need a nursing home your spouse and children will not lose everything. First and foremost your children are not financially responsible for your nursing care needs and therefore they would not lose anything with regard to your nursing home care. In addition, you and your spouse would be treated as a couple for Medicaid purposes and you would need to consult an estate planning attorney and a Medicaid planning attorney in order to identify what strategies you could use in order to minimize the assets that need to be used for your nursing home care.


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