Legal Question in Elder Law in New York

Re: gifting

There are different "look back" periods and asset pay back rules depending on the specific situation, and sometimes the application of the rules varies from county to county in New York. No way to predict the future. There is no "one size fits all" method of estate and Medicaid planning; only reasonable and savvy planning based on mom's facts and circumstances, and her goals and objectives. This is a perfect situation where mom should not be penny wise and pound foolish. If mom is concerned about passing her wealth along to her children, mom needs to seek professional advice in person.

Good luck.

Rick Bryan

New York, NY

Re: gifting

Lots of "ifs" to your very broad question, and the answers also have a lot of "ifs". There's no such thing as "one size fits all" Medicaid planning. If mom has assets and you're serious about protecting them, then make an appointment to see an attorney. You're not going to be able to get free advice over the internet which is going to have any value whatsoever to your situation.

Good luck.

Rick Bryan

New York, NY