Bridgeton, NJ Estate Planning Law Firms & Lawyers

This is an estate planning issue and healthcare issue since your concern has to do with the "look back" by the healthcare proviiders to see if they can come after the equity in your home for payment of his healthcare costs. To answer this type of question, you need to sit down with a lawyer experienced in these type of inquires. If you would like to schedule a consultation with one of the lawyers in our firm to discuss it, please feel free to call us or search on line for lawyers with estate planning and family law experience. 

If you give gifts, those gifts will cause a Medicaid penalty.  You can't give gifts as part of the spend down even though the POA probably says you can give gifts. 

Medicaid does not "take" your home.  You need to be able to pay for the care that you are receiving.  If you are in a skilled nursing facilty, and are not likely to leave there, then the home is sold and the proceeds are used to pay for your care as the care is being received.  No one "takes" the home.  If your assets run out, and you still need care, then Medicaid will be available to pay for the care.  You should not worry about protecting your assets as much as you  should worry about having enough assets to provide the care you need in the setting that you want.