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  • Will You Add? - Asset Protection With a Medicaid Trust

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    r your spouse if you have one, normally act as the trustees of the trust. The
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    How do you protect assets in the event of a long term care situation? I am asked what the difference is between the revocable living trust (RLT) and the irrevocable Medicaid trust (IT). Are there differences between these types of trusts and how can each be of benefit?

    In a Revocable Living Trust, you and or your spouse if you have one, normally act as the trustees of the trust. The t

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    ed what the difference is between the revocable living trust (RLT) and the irrevocable Medicaid trust (IT). Are there differences between these types of trusts and how can each be of benefit?

    In a Revocable Living Trust, you and or your spouse if you have one, normally act as the trustees of the trust. The

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    vocable Medicaid trust (IT). Are there differences between these types of trusts and how can each be of benefit?

    In a Revocable Living Trust, you and or your spouse if you have one, normally act as the trustees of the trust. The

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    ts and how can each be of benefit?

    In a Revocable Living Trust, you and or your spouse if you have one, normally act as the trustees of the trust. The

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    r your spouse if you have one, normally act as the trustees of the trust. The trustee makes decisions about what assets are in the trust and should assets be removed. The rule of thumb is this..”if you can control or remove the asset then it can be attached for long term care expenses.”

    Many people like to plan ahead and protect their assets. As people get older concern grows of l

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