March 16th, 2008
Medicaid Planning With An Irrevocable Trust
You know that you, your spouse, or a parent is facing a nursing home stay. It’s not tomorrow, but it’s not 20 years away, either. Is there a good technique to protect your assets so that the nursing home won’t wind up with your life savings? Actually, yes…it’s called an “irrevocable trust.” Let’s take a look at how it works.