The Law Offices Of Michael Camporeale

15 Years Of Extensive Experience

Pooled Income Trust In The State Of New York

A New York Pooled Income Trust is a trust that allows an individual to shield excess income and still qualify for in-home community Medicaid benefits in their private home.

If you or a loved one is interested in getting home services in your own private home and reside in the New York City areas of Bronx, Westchester, White Plains, Long Island, Brooklyn, Manhattan, Queens or Staten Island, the NY elder law and estate planning attorneys of The Law Offices of Michael Camporeale can help you qualify for NY Medicaid within your own private home and help you get services in your own private home with a nurse’s aide even if you have excess income or assets.

Requirements To Qualify For In-Home New York Medicaid Or Community Based Medicaid

In order to qualify for in-home NY Medicaid or community based NY Medicaid as it is also known, a person is allowed to only have assets below approximately $14,500.00 and income below approximately $850.00/month.

However, if your income level is above that limit, you can establish a New York Pooled Income Trust to shield your excess income above that $850.00 limit and still qualify for NY community Medicaid, which will entitle you to an aide in your own private home which is paid for by the NY Medicaid program and not by your private assets or income. This will allow you to keep and use all of your income to pay for your living expenses so that you can continue to live out in the community in your own private home.

For example, if you are a single person not married and your total monthly income including social security and or private pension amounts to $3,000.00 a month. With a pooled Income trust you would get to keep the first $850.00 of your income and the excess amount of $2,150.00 would be put into the Pooled Income Trust and that excess income can be used to pay your monthly living expense including, but not limited to, rent, food, clothing, utilities, cable, phone, electric and heat.

New York Attorney Michael Camporeale

Get your questions answered - call me for your free phone consultation (718) 475-9639

It is a way for you to receive your in home aide within your own home in the community and keep all of your income so it can be spent on your monthly expenses.

In order to qualify for NY community Medicaid in your own private home or in a nursing home you must qualify on the asset side of the equation which means you must have assets below approximately $14,500.00 if you are a single individual. However, for NY community Medicaid in your own private home, there is no five year look back penalty period, an individual is permitted to transfer assets to a Medicaid asset protection trust and still qualify for community Medicaid home care in their own private home.

At the Law Offices of Michael Camporeale because we are attorneys well versed and experienced in the field of New York elder law and Medicaid planning with offices located in Manhattan, Westchester, Long island, Staten Island, Bronx, Brooklyn and Queens, we can help to make sure you qualify for in home private Medicaid and keep your excess income by giving you the proper advice and options with respect to a pooled income trust and advise you how to also protect and preserve your assets with the use of a Medicaid Asset Protection Trust in the event you need escalated care in the future and needed to be placed into a nursing home.

Implementation Of Legal Medicaid Strategies In New York

The time to discuss and implement these legal NY Medicaid strategies and NY estate planning techniques is now. One needs to be proactive to preserve the assets and income of an individual before it is spent on the catastrophic cost of long term care.

Call today and seek the proper legal advice from a well versed NY elder law and Medicaid planning lawyer in order to qualify you or a loved one for Medicaid and to protect and shield your assets and income from the high cost of care. The experienced and qualified estate planning lawyers, elder law lawyers, and Medicaid planning attorneys at The Law Offices Of Michael Camporeale P.C. in New York are here to help you. Our estate planning attorneys and elder law attorneys have been helping clients for well over a decade in New York.

With the proper legal Medicaid planning advice and techniques The Law Offices of Michael Camporeale with offices in Westchester, Long Island, Bronx, Brooklyn, Queens, Manhattan and Staten Island can qualify you for in home community based Medicaid in your private home despite the fact that you have excess income or assets. We also have NY special needs planning attorneys who can help people with special needs. Our elder law lawyers and Medicaid planning attorneys can help those who are in need and assistance in theirold age.

Don’t wait to make the call until after all the money has been spent on private paying people to take care of a loved one when you can get the Medicaid program to provide that care for free. One needs to be proactive. Make the call for your free consultation and get the proper legal advice today in order to explore your legal options from the right NY elder lawyer.

We have been helping people qualify for NY Medicaid benefits and protecting family assets and income from the high catastrophic cost of long term care in New York for well over a decade. Call our NY Medicaid planning lawyers today!

For more information on Pooled Income Trust In New York, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (718) 475-9639 today.

New York Attorney Michael Camporeale

Get your questions answered - call me for your free phone consultation (718) 475-9639

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