Is It Legal To Put Assets Into Trusts In Order To Be Eligible For Medicaid In The Buffalo, NY Area?

Is It Legal To Put Assets Into Trusts In Order To Be Eligible For Medicaid In The Buffalo, NY Area?

Yes, there are a number of legal, ethical ways for seniors to allocate their wealth so that if their health declines to the point of needing nursing home care or similar services, they won’t have to decimate their lifetime of work and earnings in order to be eligible for Medicaid. It’s important to work with […]

How Long Do I Need My Income/Assets Reduced To Be Eligible For Medicaid-Paid Nursing Home Services In The Buffalo, NY Area?

How Long Do I Need My Income/Assets Reduced To Be Eligible For Medicaid-Paid Nursing Home Services In The Buffalo, NY Area?

Medicaid eligibility is complex, but when a person applies for Medicaid for nursing home services in Buffalo, the Department of Social Services will review your financial transactions, and your spouse’s, going back a full five years. When transfers have been made into trusts or distributed as gifts during that look back period, applicants will face […]