Latest / BSPE Legal Marketing Podcast
What Is Spousal Refusal, and How Does It Work? - Seth Schlessel
From Schlessel Law PLLC – "What Is Spousal Refusal, and How Does It Work?" delves into the strategic use of spousal refusal in New York's Medicaid planning. This legal provision allows a non-applicant spouse to decline the use of their financial resources for their partner's long-term care, potentially preserving significant assets.In New York, Medicaid eligibility considers the combined income and assets of married couples, even if only one partner requires care. The community spouse is permitted to retain a monthly income of approximately $3,853.50 and up to $154,140 in assets. However…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.