07/17/2026
"I'll worry about Medicaid if I ever actually need a nursing home."
It's completely understandable β and it's the one that breaks our hearts, because by the time someone needs care, the best options are usually gone.
When you apply for nursing-home Medicaid in New York, the state looks back five years at your finances. Any money you gave away or moved during that window can trigger a penalty β a stretch of time where you have to pay for care out of pocket before Medicaid kicks in.
That's the catch: the planning has to happen years before you need it. A Medicaid Asset Protection Trust, for example, only shields your home and savings after the five-year clock has passed.
With nursing-home care on Long Island costing well over $200,000 a year, planning ahead can be the difference between keeping the family home and losing it.
The good news? When there's time, there's almost always a way to protect what you've built. The key is starting before you need to.
π Sheryll Law, P.C. β Riverhead & Melville
Estate Planning Β· Elder Law Β· Trust & Estate Administration