Legal Question in Wills and Trusts in North Carolina

To qualify for Medicaid, an institutionalized spouse can only have a certain level of monthly income/assets. If a person has over and above what the law allows, then the person is ineligible for Medicaid. Some things that are not included are a home if owned with a spouse and other things. However, I don't see how a person would be allowed to receive Medicaid with an investment account of some type.

Your parents need to consult with an elder care lawyer in the state where they reside to see about Medicaid planning.