Confused about something...
what else is new? I am very confused about all of the "rules" concerning assets:
Example: What happens if you have a small house, fully furnished house that you own and you have to go into a nursing home... what happens to the furniture, etc. inside?
in other words, my parents live miles away - let's say it is determined that they have to go into assisted living and then funds run out - but they still have their house, with the furniture. While they are in assisted living, do we sell the stuff, give it away, etc. and account for the money in case they go into Medicaid nursing home - when assisted living money runs out?
See my confusion? Thanks