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They have enough to pay cash for a house here, so we're wondering if this route is even feasible. One thing they are worried about is that if one of them were ever to go on "the system" (i.e. Medicaid), than the state could put a lien on the house. If one is worried that they may have to go on aid, is it better to be an owner or renter?

I think this is important enough to say again. You need to talk to an elder care planner familiar with your state laws. Some states allow you to keep a residence and still collect on the various forms of aid available. Some don't. If yours does, and they're renting, they might need to spend ALL of their cash before getting any aid. That would essentially force the healthy spouse into poverty, when they might have been able to keep a place to live.

Again, this is all dependent on your state law.

--Peter
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