Legal Question in Wills and Trusts in New York
Creation of Trust Medicaid Implications
Hi, if I create a trust will that implicate my Medicaid, Social Security or Section 8?
Asked on 11/16/07, 11:18 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: Creation of Trust Medicaid Implications
It depends upon what you or anyone else might be funding it with. If you have limited assets/income and just want to use a trust to avoid probate, there should be no problem. However, if you will be using the trust to not disclose disqualifying income/assets, that may be tantamount to fraud. This is a response to an Internet question and the reply is not intended to be legal advice or as creating an attorney-client relationship.
Answered on 11/16/07, 1:40 pm
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