Has anyone in New York State prepaid their LO property taxes to spend down their assets before applying for Medicaid Long Term Care? Did you go to the Town Clerk and pay or did you need to fill out any paperwork?
This is a living estate that allows my uncle to live in his home until death and then the deed is to the Remainderman.
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Not sure about the living trust issue, so you should probably talk to a tax lawyer or someone well versed in trusts in NY.
"Senior Citizen Homeowners’ Exemption (SCHE)
A property tax break for seniors who own one-, two-, or three-family homes, condominiums, or cooperative apartments.
The SCHE and DHE (Disabled Homeowners’ Exemption) tax breaks are available to eligible homeowners with a combined annual income of $58,399 or less."
https://www.nyc.gov/site/finance/property/landlords-sche.page#:~:text=All%20owners%20of%20the%20property,must%20meet%20this%20age%20requirement.&text=The%20total%20combined%20annual%20income,co%2Downer%20cannot%20exceed%20%2458%2C399.
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