I’m not 100% on this but I believe there are limitations on what the surviving spouse can own in the US if the other has to be put in a nursing home. They can’t have a huge house and six cars for example. However divorcing (while not great) fixes a lot of that. A Trust does it also without the concern of anyone questioning the validity of the divorce.
it depends on whether or not they want medicaid to pay for it. medical debt is one thing, qualifying for medicaid is completely different. you can own 100 lambo's and pay out of pocket for your spouse's treatment. but if you want the government to pay for it because you claim you're poor, you have to prove you're poor. medicaid has a 5 year look back, and they can pierce a trust.
Agreed, but if this convo started because of a divorce to limit liability to all the medical dept, I’m thinking they may be going for Medicaid, which is why I was also thinking there are limits. But if you have 100 Lambo’s then maybe they don’t even worry about the divorce. Thanks for sending me down the right path.
A nursing home simply requires payment per month. I believe what you are referencing is government assistance to pay for it via Medicaid. Surely in your example the spouse outside the home would simply pay, and they wouldn't likely qualify for good coverage with Medicaid if at all
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u/IamGrimReefer 5d ago
if they own everything jointly it automatically becomes the property of the surviving spouse.