If she can move into assisted living (not actual skilled nursing care) then those assets and any income can be used to pay for the facility .. If she does not have "medically necessary" conditions that require actual nursing care that may suffice for now ...
If she does need skilled nursing, then the assets and income would need to be spend down to certain levels (essentially poverty levels) and then you can apply for medicaid for here
If you move the assets into others' names within a five year period of applying for medicaid (anything over a VERY small amount, effectively noting) you risk having medicaid denied for the length of time that the assets would have paid for the care
Given her age, you may want to investigate whether (if her spouse was per chance in the military). Active duty veterans have a pension for the spouse that is many times looked over (again this would be only for active duty veterans) WHICH can be used for assisted but not skilled nursing - (Where, again, MEDICAID can be used for skilled nursing, but NOT assisted living)... and remember, for skilled nursing paid for by medicare ( and then medicaid, one the assets and income are not enough to cover) there must be a medical necessity
I see you're typing. I'll wait
Ok, thank you. That's pretty much what I thought. Was hoping there would be a way out......LOL
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).