I have always gotten good advice here so perhaps I can ask the smart folks here once again?
MIL is 90. Fairly good health. She has a bit under 100k in cash and currently in an assisted living facility costing 60k per year. SIL who has power of attorney over her finances is saying that if she spends down to zero in the next year and a half she will immediately become eligible for medicaid.
Is this the case? Any ideas or can you send me somewhere to do more research?
Thanks
MIL is 90. Fairly good health. She has a bit under 100k in cash and currently in an assisted living facility costing 60k per year. SIL who has power of attorney over her finances is saying that if she spends down to zero in the next year and a half she will immediately become eligible for medicaid.
Is this the case? Any ideas or can you send me somewhere to do more research?
Thanks