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Westchester & Putnam County Estate Planning Lawyers > VIDEO FAQS > What do I need for asset protection and Medicaid planning?

What do I need for asset protection and Medicaid planning?

You need to have an asset protection plan in place. In this part of New York, a nursing home runs about $150,000 a year, which wipes out families pretty quickly. If someone’s to stay for two or three years, the family could be left with nothing. Seeing an elder law attorney, getting a plan in place, is the best way to go.

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