Legal Question in Wills and Trusts in New York
nursing home/assets
If assets (stocks, bank accounts etc.) are in both mine and my father's names but he is going into a nursing home how will that work? Will the nursing home take all of the assets to pay for expenses or just half?
Asked on 7/13/08, 6:56 pm
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: nursing home/assets
This is difficult to answer, as there is no information on how and by whom the account was created. If you can establish that you contributed to the creation of the account and/or added to it over time, Medicaid may recognize your contribution and limit what belongs to your father.
Answered on 7/14/08, 12:31 pm
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