I am a widow and in ill health. I was told that my life savings of $50,000 is not worth saving. Can you help me?
Yes, of course it’s worth saving. It could be protected and used to supplement Medicaid to keep you at home or to be available if you return home from a nursing home. Otherwise, you will have to spend your life savings down to $14,400 (2013 figure).
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.