It Is Never Too Late There is something
you can do.

Comparing Different Forms of Owning a Home

In recent editions of the Koldin Law Center E-Newsletter we discussed when the family home is considered part of your “countable” life savings that must be spent towards the cost of care before you can qualify for Medicaid eligibility versus “non-countable” life savings.

This edition of the Koldin Law Center E-Newsletter begins a series reviewing Medicaid treatment of different forms of primary residence ownership: single owner, joint owner, life estate owner, and Irrevocable Trust owner.

All prior newsletters are saved on our website. You can read them by clicking here.

Single Owner of the Family Home

Previous newsletters discussed in great detail how Medicaid treats the family home that is owned by a single individual who is in a Nursing Home. Click on the links below to read these newsletters:

Own Home Jointly with Spouse

When you own your home jointly with your spouse, many special rules apply and important estate planning options should be considered which are discussed in a previous newsletter which you can review by clicking here.

The next newsletter in this series will discuss how Medicaid treats a home that you own jointly with someone other than your spouse.

At the Koldin Law Center, P.C., located in East Syracuse, New York, we have over 50 years of experience helping individuals plan for immediate crisis and long term care.

The Koldin Law Center, P.C. limits its practice to the specific field of Elder Law which includes estate planning and Medicaid law.

Our attorneys are available to discuss your estate planning options, including the advantages and disadvantages of Revocable Trusts and Irrevocable Trusts, along with other estate planning considerations including a Will, Power of Attorney, and Health Care Proxy.

When the Koldin Law Center, P.C. handles a Medicaid case, we not only handle the entire application process, but we also review asset protection options with our clients. We review with our clients who are already in a Nursing Home options to protect some or all of their assets beyond merely establishing Medicaid eligibility.

We do not charge a fee for the initial consultation. We welcome your children, family attorney, accountant, and/or financial planner to be present at the initial consultation.

There is something you can do.

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Our Attorneys are available to speak to your organization

Our Attorneys speak to groups throughout New York State as a public service. If you would like to arrange for one of our Attorneys to speak to your group, please contact our office.

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We appreciate your referrals

We have been told by many clients who are in a crisis that they wish they had known about our firm much sooner. We are proud of the many families we have helped in times of crisis.

We are also proud of the many families we helped avoid financial crisis by doing estate planning in advance.

We all share the responsibility for making our family and friends aware of the planning options available to them.

Your referral to the Koldin Law Center could make a major difference in the lives of your family and friends if they are someday faced with a long term illness.

Remember that the Koldin Law Center offers many services for clients of all ages. Our services range from basic estate planning such as a simple will to complex estate planning including asset preservation planning.

THERE IS NO FEE FOR THE INITIAL CONSULTATION