Felicia Pasculli Legal Answers in New York

Will The State Take My Home If I Need Medicaid To Pay For My Care In New York?

Not if you have done asset preservation planning. The state never “takes” your home. However, … Show More ownership without proper planning may result in a forced sale if Medicaid demands reimbursement after death. Medicaid may also impose a lien during your lifetime if it is paying for nursing home care. Fortunately, these scenarios are avoidable by undertaking asset protection planning with a reputable elder law attorney. Elder law attorneys are best suited to establish viable long-term health care plans and achieve Medicaid eligibility while preserving assets for the benefit of the applicant or his or her heirs.Unless you have purchased a long-term care policy, the only health care insurance …Read More »

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