Frequently Asked Questions: Elder Law
What about putting my assets in a trust?
If your assets are put into a revocable trust, Medicaid will ignore that trust. If the trust is irrevocable, and you have no ability to receive the principal, the assets may be protected. Please remember, however, that if you have put the assets into this trust less than five years before your nursing home admission, this will be considered the same as a gift, and cause an ineligibility.