How Much Can My Spouse Keep if I Need Aid to Pay for Long Term Care?

How Much Can My Spouse Keep if I Need Aid to Pay for Long Term Care?

| Jan 12, 2021 | Blog, Elder Law, Estate Plan, Estate Planning |

richard-land

by Richard S. Land

The Community Spouse Protected Amount (CSPA)

It’s bad. What your spouse will be allowed to keep may be much less than expected.

On the other hand, it could be a lot worse.

If you learn about the rules ahead of time and do some planning, you can count on a better result.

Here is some help to get you started. We recently updated Part 1 and Part 2 of our video series, Long Term Care and Medicaid .

Part 2 includes a segment on the Community Spouse Protected Amount (the assets that one spouse may keep when the other spouse needs long term care and wants to qualify for public assistance to pay for the care).

Please click here , or on the video image below, to watch the short 4 minute video on the CSPA.