My mother is a widow and is paying $10,000 a month for nursing home care. She has a family home valued at $50,000 and $70,000 in savings. My mother is very depressed at the thought of losing our family home. Is it too late for us?
It is possible to protect the home and/or a portion of the savings using various asset preservation methods. Protecting Assets After Illness
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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.