What kind of expenses can be used to spend down the money in a special needs trust account throught NYSARC?

Bankruptcy and Debt 1 views 1 answers
Our dad is currently Medicaid pending with money in a special needs trust. He does have a home that is in an irrevocable trust. Can this money from the special needs account be spent on the taxes and maintenance of this home. He is residing in a nursing home.

Attorney Answer

1
Michael DavidovEstate Planning AttorneyKew Gardens, NY ·
A NYSARC trust is a type of a pooled income trust that is generally used for community based Medicaid, not for long term care Medicaid in a Nursing Home. NYSARC will pay the income only trust expenses including real estate taxes and other household expenses if you provide the trust to NYSARC. Michael Davidov, Esq. Elder Law and Estate Planning Attorney www.davidovlaw.com
0 upvotes

People Also Asked