I overheard a conversation today that I hope I heard wrong. Hey, I was eating by myself, the two ladies next to me were talking very lloouuddllyy, I could not help but overhear what they said. The gist is this .... woman's mother has lived with her for several years, but mother's health has badly declined, she can no longer get up stairs at house, and needs far more care than woman can provide. So they looked at nursing home, but were told they must turn over ALL of mother's financial assets to nursing home immediately upon moving in, but then Medicare pays for rest of fees (or something like that). Mother has quite a nest egg from husbands investments (about $200K if I heard right). Mother is distraught at having to turn over her entire life's savings money to nursing home because she wanted to leave to her grandkids to pay for college educations. So long story short, when you have to go to a nursing home to live, do you really have to turn over ALL your financial assets, meaning you save your whole life but cannot leave anything to your children? Maybe I misunderstood.