Suze School: Understanding Trusts
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
The Importance of an Irrevocable Trust
If you anticipate the need for a long-term care or nursing home expenses, it is true that an irrevocable trust can help protect your assets and qualify you for Medicaid benefits. An era of vocable trust avoids probate just so you know. But while you are alive, I think it's really important that you look into the difference between care in a nursing home when you are private-paid patient versus care in a Nursing Home when you are on Medicaid.
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