My Mother Remarried Later In Life And Has Always Kept Her Life Savings In Her Own Name. They Also Have A Prenuptial Agreement. Her Second Husband Is Now In A Nursing Home. Will She Lose Her Life Savings?
The Medicaid law does not care if this is a second marriage and does not care if they have a prenuptial agreement. They are treated like any other married couple and your mother’s life savings is at risk of being spent down to the Medicaid allowance levels.
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.
