I have one parent in assisted living with an income of $700/month. My father pays everything else.has no assets but car. Home and assets were sold several years ago. Dad kept his share and is using it to pay for her assisted living. $150000 ruff estimate left. He still lives at home. Does he have to use up all his money before mother qualifies for medicaid?
It would be a very good idea to see a lawyer and update all of their estate documents, including Will, POA, Health Care Proxies.
Dad is what is called the "community spuse". He is alowed to retain certain assets, depending upon what state he resides in. Go up to the "money and legal" tab and enter their zip code. Have him talk to the lawyer asap.