My wife receives home care costing $2,000 a month. We own our home and have savings of $150,000. Our life savings are being used up. Can she be eligible for Medicaid?
She could be immediately eligible for Medicaid by properly transferring and protecting your life savings. By protecting your savings, you could avoid impoverishment and could be able to afford to keep your wife at home.
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.