Must all funds in a joint account be spent before a person is eligible for Medicaid?

Joint account rules are very complex and there are different rules for joint bank accounts and other types of joint assets. Joint bank accounts are presumed to belong entirely to the Medicaid applicant and usually must be spent towards the cost of care.

Still Have More Questions?

Contact our experienced Upstate New York elder law attorneys to schedule a free initial consultation.


Our firm focuses our practice on estate planning and Medicaid planning. We are also very experienced in handling elder law, irrevocable trust , revocable trust, basic estate planning(Will, Power of Attorney, Health Care Proxy), Medicaid law , and children with disabilities / supplemental (special) needs trust matters.

The Koldin Law Center handles the entire Medicaid application process for the client with the goal of preserving and protecting some or all of the family life savings from the costs of Nursing Home care.