Will my spouse be impoverished because I am required to spend down privately paying the nursing home?

Updated March 13, 2023.

Typically, the spouse living in the community is allowed to keep between $74,820 and $137,400 in total assets, subject to Medicaid gifting rules.

However, if we undertake asset protection planning, we can often avoid the need to spend down assets and protect substantially all assets for the spouse, again subject to Medicaid gifting rules.

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