New York Trusts

New York Supplemental / Special Needs Trust: Be Careful Of Medicaid’s Five Year Look Back Period

A supplemental or special needs trust is designed to either provide additional income for a special child or an individual who has special needs, according to Elliot Schlissel, a New York estate lawyer who has been assisting clients for over 30 years in the New York metropolitan area and in Long Island’s Nassau and Suffolk counties. He says that, while these types of trusts can be beneficial, it’s important to remember that Medicaid has a five year look back period.