If you put your house into an irrevocable trust at least five years PRIOR to going into a nursing home, your house will be protected from Medicaid Estate Recovery. | The Medicare Family
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If you’re going to use an irrevocable trust to shield your assets from Medicaid estate recovery you need to do it five years prior to your intended nursing home stay. So take some planning and the sooner the better consult an elderly, turning near you. Yes, it can be expensive but a consultation which should be for one hour should only be a couple hundred dollars | The Medicare Family
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There are many different types of trust. A living trust is a revocable trust which will not help you with Medicaid estate planning. For protection from Medicaid recovery you need to talk to an attorney near you about an irrevocable trust. We help people with Medicare insurance questions if you need help with Medicare go to www.themedicarefamily.com. | The Medicare Family
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If your goal is to avoid Medicaid estate recovery, a will or a living trust or a revocable trust which are the same thing will NOT help you accomplish that goal. Contact an elder law attorney near you to discuss an irrevocable trust. | The Medicare Family
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