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Great question and a complex situation. This isn't a one size fits all circumstance. Their assets will be spent down but the threshold is very dependent on State they reside. There is no concise blanket answer. Consult with an well versed eldercare attorney is strongly advised. BTW, The attorney fee is an allowable spend down expense if the need for Medicaid LTC arises for every state.

This is the AI generated answer but again this is geared to NYS and many factors influence an answer. "These are results for what asset threshold for two spouses applying for Medicaid long term care at same time in New york
Search instead for what asset threshold for two spouses applying for Mediciad long term care at same time in New york


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In order to qualify for Medicaid coverage for long term care, a single applicant may only have $30,182 of total assets. If a couple is applying for long term care coverage, the couple may have total combined assets of $40,821."
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Reply to AMZebbC
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You need to talk to an Elder Lawyer versed in Medicaid. Being a couple someone has to be in charge of their finances a POA for each of them. Not sure if in this case assets need to be split. Any assets they have need to be used for their care.
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Reply to JoAnn29
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Do they have a will and a power of attorney overseeing their finances? That’s the first step in knowing what will happen. Depending on how much they have in assets and how long they are in care, there may or may not be assets left at their end of life
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Reply to Daughterof1930
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Your question is too vague. It depends. What assets do they have? What measures have they taken to manage their assets if they become incapacitated? Are they incapacitated at this time? Is there a POA? Who has POA?
Do they have property, money, valuable personal belongings..? Have they stipulated what they want to happen to those things?
Whatever money they have will go into paying for their care in a long term care facility. If the money does not last, then property will have to be sold to pay for long term care. They can apply for Medicaid if and when they have no assets remaining. If they gift personal items to family, such as furnishings, family heirlooms, then it would be good to itemize and estimate the value of those items. There is a place on the Medicaid application to list any valuable belongings which have been given away, or disposed of. The higher the value of things they give away or sell, the more it will affect their medicaid eligibility or share of cost. They cannot just give or sell the house below market value to a family member. This will affect their medicaid eligibility.
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Reply to CaringWifeAZ
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