My husband is ill and at some point will go to a nursing home. If he signs a quit claim deed will it prevent the nursing home from taking the house for payment? I was told if a person has no assets Medicaid will pick up the nursing home costs. Is that correct

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Originally Posted by jmaxx

My husband is ill and at some point will go to a nursing home. If he signs a quit claim deed will it prevent the nursing home from taking the house for payment? I was told if a person has no assets Medicaid will pick up the nursing home costs. Is that correct

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Are you in a State which holds you responsible for the medical bills of a spouse?

I thought - and I could very well be wrong - there was a (something like) 60 month waiting period between transferring assets and qualifying. I find a variety of answers on the Internet.

Have you considered a trust?