One potential situation that many people in New York entertain when they start thinking about their estates is planning for what could happen if they become incapacitated and can't make decisions for themselves. One popular option is to put assets in joint ownership...
Month: June 2021
Medicaid spend down strategies
Qualifying for Medicaid is often necessary for New York residents who need nursing home occupancy due to an illness or other medical condition. Medicare typically does not provide total payment for those needing the constant medical attention, and personal assets can...
Could a Medicaid Asset Protection Trust help you?
When you need assistance under Medicaid, including for long-term nursing care, you may face obstacles due to the asset limit imposed by the federal program. Elderly people in New York applying for Medicaid coverage for long-term care typically face an asset limit of...
