Costly Medicaid Planning Myths New York Families Still Believe - Seth Schlessel

From Schlessel Law PLLC – Costly Medicaid Planning Myths New York Families Still Believe unpacks the financial missteps that continue to jeopardize long-term care and estate protection for families across New York. This episode dives into the article's practical guidance and legal insights, helping listeners understand how misinformation can put assets, homes, and critical Medicaid benefits at risk.

Join us as we explore why so many people mistakenly believe they have too much money to qualify for Medicaid under New York’s 2025 guidelines, and how overlooking tools like Medicaid Asset Protection Trusts (MAPTs) or improperly gifting property to children can result in costly penalties. We also discuss the impact of spousal refusal rules, look-back periods for nursing home and community-based care, and how New York’s estate recovery program can seize assets even when a will is in place.

You’ll hear from the team at Schlessel Law PLLC, led by Managing Member Seth Schlessel, who has been guiding Long Island families through estate planning and elder law since 2014. Drawing from real-world experience in Nassau and Suffolk counties, this episode highlights how common planning mistakes—like relying solely on a will, misusing retirement accounts, or trying to “hide” assets—can all derail your future financial security.

Whether you’re planning for yourself or supporting a loved one, this episode offers timely, actionable advice that underscores the importance of proper planning and clear communication. Tune in to learn how New Yorkers can legally protect their assets, navigate Medicaid eligibility, and avoid the myths that continue to cost families everything they’ve worked so hard to build.

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