Legal Question in Wills and Trusts in New York
How to be a beneficiary when on medicaid
My father wants me to be beneficiary on his will. I am recieving Medicaid and will need to continue to do so. How can we have a will written up that will allow me to inherit his estate & insurance policies without medicaid trying to recapture past & current monies owed?
1 Answer from Attorneys
Re: How to be a beneficiary when on medicaid
You need to consult an attorney who is familiar with the "special needs trust." From the facts you provided I cannot tell if a special needs trust would be helpful to you, but if you and your father have a consultation with a qualified estate planning attorney, s/he will be able to tell you.
A special needs trust is a type of trust which allows a person receiving government aid, like medicaid, to inherit without losing eligibilty.
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