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A pooled income trust is a type of supplemental needs trust that is used to shelter the excess income of a Medicaid recipient.

Learn what a Medicaid Asset Protection Trust (“MAPT”) is and whether or not assets in a Medicaid trust still enjoy a step-up in tax basis at death.

With 10,000 baby boomers turning 65 every day, long-term care planning has become an increasingly important issue across the United States, including in New York. As the population ages, more individuals will require long-term care services and supports, highlighting the need for prudent planning to cover future care costs. There have been recent developments in New York on Medicaid eligibility rules and asset protection strategies.

If you're a trustee of a Medicaid Asset Protection Trust (MAPT) established by a loved one—such as a parent—you might wonder about the tax implications of this role, especially as Tax Day approaches. It's crucial to understand the nuances of tax reporting for these trusts to ensure compliance and avoid potential penalties.

After working most of your life and finally paying off your mortgage, the last thing you want is to see the assets you’ve accumulated through years of diligence fall into the government’s hands because you required long-term care either at home or in a nursing home. There is a way—a perfectly legal and legitimate way—to shield those assets and protect your children’s inheritance. But there’s no time to lose.

The amount of income and resources an individual is allowed to have when applying for Community Medicaid has changed.

Question: I had an irrevocable trust drawn up for me years ago. What are its benefits, and do I need to update it?

Medicare never covers the full cost of a skilled nursing facility. Medicare does not always provide 100 days of rehabilitation, it will pay “up to” 100 days.

A Fair Hearing is how to challenge a determination made by a local social services agency (“Agency”). An Administrative Law Judge from the New York State Office of Temporary and Disability Assistance Office (“OTDA”) precedes over the hearing.

Community Medicaid is a government funded, need-based program that cover’s long term care services in one’s home. This means that recipients who qualify can have a home health aide help them in their home.