Legal Question in Real Estate Law in New York

Life Estate look back Period.

Have Life estate laws recently changed? If a property was put in a Life Estate in 2003 ,what is the look back period for Medicare Leins?


Asked on 4/02/07, 10:24 am

1 Answer from Attorneys
Michael Moberg Moberg & Associates

Re: Life Estate look back Period.

There is a five year look-back period for all transfers but the ineligibility period may be less. A value is assessed to the life estate and the remainder interest which may invoke a period of ineligibility for Medicaid.

You should seek the advise of an elder law attorney for detailed planning. You may contact me at anytime.

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Answered on 4/05/07, 11:53 am


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