Parents married and have adult children. One parent dies (no will), surviving parent sells home, uses all proceeds from the sale toward new home. I understand legal usufruct exist in regards to the proceeds and how they are used.
My question is this, next year or years from now should anything happen to the health of living parent and Medicare looks at the assets of said parent do they recognize the children’s share that exists in the proceeds that was used? If not, being the new home has already been purchased is there any paperwork that can be drawn up to protect the children’s share from Medicare?