You may have heard that if your parent owns a home but requires nursing home care, Medicaid will consider the home an asset. The more assets your parent has, the less likely Medicaid will help cover the cost of long-term care. The good news is that this is not true...
Preserving & Protecting Your Family’s Assets & Legacy
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What is a lookback period?
When your parents get older and need more care, you likely will begin investigating how much it costs to live in an assisted-living facility or nursing home in New York. Very quickly, you’ll realize your parents’ nest egg may not cover the high costs. A month in a...
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