Hi and welcome to JA. I am Ray and will be the expert helping you tonight.
It depends on the value of all the assets here including the IRA.
The spouse who lives outside the nursing home is termed the community spouse
The spouse in the nursing home is referred to as the institutionalized spouse
. In Montana,the community spouse is allowed to keep one-half of
the countable combined resources up to a maximum of $119,220.
However, if resources total less than $47,688, then the community spouse may keep up to the minimum of
$23,844, even if that amount is more than one-half of the countable resources. The countable resource limits are for
the year 2015.
So assuming the resources including the IRA are worth up to $119,200 then you get to keep half as the community spouse.
Reference with examples..
I appreciate the chance to help you tonight.Please let me know if you have more follow up.Thanks again.