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Category Archives: Medicaid Planning

Medicaid’s Five Year Look-Back Period

Jun 16, 2015
Anyone who has researched Medicaid planning has almost certainly heard of Medicaid’s dreaded five year look-back rule. I am not exactly sure why out of all the idiosyncrasies of New York’s Medicaid la ...
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Spending Down Assets to Qualify for Medicaid...

Jan 27, 2015
Medicaid nursing home care is a means-based program, which means that the government looks at your income and assets to determine eligibility. Since you can’t gift away your assets and qualify for nur ...
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Medicaid Planning with a Life Estate Deed

Mar 13, 2014
As we discussed in the previous article, in order to avoid Medicaid liens and estate recovery, elder law clients would be well advised to learn about their rights to protect their homes. This is true ...
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Medicaid Planning for the Home: Irrevocable ...

Feb 06, 2014
When it comes to long term care for seniors, our office recommends long term care insurance as the first choice. If that is not an option, planning for Medicaid becomes an important component of many ...
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Drafting Wills and Trusts for Beneficiaries ...

Sep 25, 2013
Michael and Joan came in to my Queens estate planning office to re-draft estate planning documents that they had prepared over a decade ago. Their wills, like those of many married couples, left every ...
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Pooled Trusts: Medicaid Home Care While Pres...

Jul 30, 2013
Many New York City residents who are in need of community Medicaid services such as home care, adult day care, or prescription drugs find that they exceed New York Medicaid’s income allowance, of $800 ...
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Protecting Your Home and Assets From Medicai...

Dec 21, 2012
I often see clients who are Medicaid recipients and are concerned that Medicaid may try to take their home or other property after their death. It is also a real concern to many elderly clients who ar ...
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Do You Qualify for Medicaid In New York?

Aug 17, 2012
When a client asks me if they can qualify for Medicaid in New York, I ask about their assets, income, living situation, and health. Some clients they may be able to qualify rather easily. Others may n ...
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