Blog Archives

Irrevocable Trusts and Medicaid – Part 2

     In last week’s blog post I was talking about a call I received about Mary, who is now in a nursing home.  She has spent her assets towards her care and the only source of payment left is money that was left in an irrevocable trust for Mary’s benefit by her uncle when […]

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Irrevocable Trusts and Medicaid – Part 1

       I’ve written about trusts many times on my blog over the years, specifically about how we get many callers asking us to take a look at an existing trust the caller has set up – or that a family member set up for the caller –  to advise on whether the assets […]

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Medicaid’s Confusing Treatment of Trusts

                Not a week goes by in which someone doesn’t call us about Medicaid eligibility as it relates to trusts.  The question is usually some version of the following, “I transferred assets to an irrevocable trust.  Can you confirm for me that those assets are protected and not countable by Medicaid?”                 Trusts are very […]

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Irrevocable vs. Revocable Trusts – Is One Better than the Other? (Part 1)

                When I talk about trusts – and specifically irrevocable ones – many people quickly reply that they don’t like irrevocable trusts because they don’t like the idea that they are losing control of their assets.  They much prefer a revocable trust.  Each type of trust has its uses but first, let’s look at what […]

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