Can assets be transferred by a spouse or a single person without affecting Medicaid eligibility for nursing home care?
There is a 5 year lookback period on transfers of assets for nursing homes. However, there are exceptions that allow substantial transfers of assets during this 5 year lookback period.
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.