Protecting separate assets from Medicaid

This column first appeared in the San Antonio Express News on May 4,. 2018. Dear Mr. Premack: If a Marital Property Agreement exists and finances have not been co-mingled, can the assets of one spouse be considered when the other spouse needs to apply for Medicaid assistance or is there a way to keep them…

Several Readers’ Long Term Care Answers

Dear Mr. Premack: My mother-in-law is 88. Has been in nursing home in TX for several years. Husband is deceased. She owns home value 60k, no liens. Two sons own 1/4 each. She has willed her 50% to my wife to take care of a third son who is in same nursing home. Granddaughter lives in home…