First Party Supplemental Needs Trusts Under NY State Law

Individuals who are eligible for Supplement Security Income, also known as SSI, are subject to income and assets limits. Recipients cant own more than $2,000 in assets (or $3,000 if they are married). We frequently get calls from SSI recipients asking us how they can protect their SSI benefits when comes into money, usually from […]

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Pooled Trusts: Medicaid Home Care While Preserving Income

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 Medicaidโ€™s income allowance, of $800 a month (plus a $20 personal needs allowance) in 2013. Many seniors receive social security, pension, and investment income which easily […]

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