Hello
My dad is in a nursing home in NY and will soon go above his Medicare coverage and will have to apply for Medicaid. The big bulk of his assets are in his name only. These are only savings and checking accounts. No other assets. My mom still lives in the rental apartment that they shared. I know my mom is protected up to a certain amount that Medicaid will not touch. If there is an excess, I know she can do a spousal refusal. Can you tell me if this is something we can do ourselves or do we need a lawyer. Also after my dad transfers all the money to her, and she does the spousal refusal, how do I protect the assets if she would need to apply for Medicaid Long Term Care? Trust? Is there a specific time period to do all this?
Thank You
My dad is in a nursing home in NY and will soon go above his Medicare coverage and will have to apply for Medicaid. The big bulk of his assets are in his name only. These are only savings and checking accounts. No other assets. My mom still lives in the rental apartment that they shared. I know my mom is protected up to a certain amount that Medicaid will not touch. If there is an excess, I know she can do a spousal refusal. Can you tell me if this is something we can do ourselves or do we need a lawyer. Also after my dad transfers all the money to her, and she does the spousal refusal, how do I protect the assets if she would need to apply for Medicaid Long Term Care? Trust? Is there a specific time period to do all this?
Thank You