Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the division of assets?

assets division
0
Posted

What is the division of assets?

0

The division of assets is the process used by the state to allocate non-exempt assets between the community spouse (healthy spouse) and the institutionalized spouse (the spouse in the nursing home). The community spouse is allowed one-half of the non-exempt assets up to the Community Spouse Resource Allowance (CSRA). The CSRA amount changes each year. For $2009, it is $109,560. The CSRA may be increased by a fair hearing if circumstances warrant increasing that amount.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123