The cost of nursing home care may now exceed $10,000 a month. Who pays this bill?
If you have planned in advance with a properly designed Family Trust, your trust assets will be protected and you will be eligible for Medicaid. Once your assets outside of the Trust have met Medicaid’s financial eligibility requirements, you will be eligible for Medicaid.
Otherwise, most of your life savings and assets will have to be used to pay for your care.
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.