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Can A Nursing Home Take Your House if it is in A Trust in New York? - Seth Schlessel
From Schlessel Law PLLC – Can A Nursing Home Take Your House if it is in A Trust in New York? examines the legal and financial intricacies facing New York families when preparing for long-term care. As the costs of elder care in places like Manhattan and Long Island continue to rise, many residents are seeking clarity around the safety of their homes and savings. This podcast explores how estate planning tools such as irrevocable trusts and Medicaid Asset Protection Trusts (MAPTs) may offer protection, and under what conditions.New York’s five-year Medicaid look-back period is a crucial…
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