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  • Home
  • About Us
    • Our Attorneys
    • Glossary
    • FAQ
    • Marianna Schwartsman
  • What We Do
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    • Wills & Trusts
    • Asset Protection
    • Probate
    • Guardianship
    • Business Succession Planning
    • Business Formation
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    • Trust Administration
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  • Reviews
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Tag Archives: Medicaid trust NYC

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Pros and cons of creating a Medicaid trust in NYC

Creating a Medicaid Trust in NYC: Benefits and Drawbacks

Asset Protection, Estate Planning, Medicaid Trust, TrustsBy Mitchell NakhmanovichDecember 16, 2019

An individual creates a special irrevocable trust in their lifetime in order to hold title to various assets that they own. This special trust is known as a Medicaid trust. It enables you to select your trustees and live peacefully in your personal property. In the New York City, the average expense of old age…

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