Parents assets

[rc]

my father in virginia had a severe stroke in jan. 01. he is still in assisted care, and medicare is about to run out.
my mother still lives in their home. Are there actions i can take at this time to save their assets from medicare? The home is their major asset and may be needed to provide for their care going foward.

 

[ALawyer]

This is one that a lawyer in VA who knows the local exemptions can tell you about. Perhaps a homestead exemption would come into play, but it frequently depends on the value of the equity in the home. See one -- it will pay for itself.