Question: If I need to go to a nursing home on Medicaid, will my wife’s IRA be counted as an asset in determining my eligibility? Response: That depends on your state. Some states treat IRAs as countable assets and some don’t. My state of Massachusetts, for example, treats them as countable when determining Medicaid eligibility, […]

Question: My mother is 90 years old and in good health but never planned for leaving this earth. She is a single woman and I am her daughter. She owes $23,000 on her home and lives off of Social Security. I would like to know what I need to do or have in place for […]

Question: If, as seniors, we sell a jointly-owned primary residence and we split the proceeds, will the assets be protected if one of us ends up in a Medicaid nursing home? Response: I’m assuming you’re married to one another—in which case, the answer is no. Under the Medicaid rules, you may keep your home and […]