My spouse is going to have to move to a nursing home. When spending down assets for the sick spouse to qualify for Medicaid, does it have to be done before sick spouse is sent to a nursing home or can it be done even after the sick spouse is admitted to a nursing home?
As government programs do not cover all expenditures related to these categories, ABLE accounts can be used to pay for shortfalls.
Reaching the point where you need to consider residential options for your mother can be overwhelming. Not only is it emotionally fraught, there are also financial and legal considerations.
While the unpredictability of the future makes it difficult to plan ahead, becoming familiar with the options is important.
Your elderly mother is getting forgetful and confused. What do you do now?