Will a revocable trust protect all my assets from nursing home costs?

 

Short answer:

  1. NO

.

.Here’s the scoop:

 

Revocable trusts are great for avoiding probate and for incapacity planning. But when it comes to Medicaid asset protection, you need a different option.

 

👉 If you’re trying to qualify for Medicaid and you want your assets protected, you want an IRREVOCABLE trust. 

..

If you have questions about protecting your belongings, send us a message anytime. 

William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you!
Call me at 309-674-8125, visit at www.wombacherlaw.com

Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cities and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois.

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The Law Office of William C. Wombacher

Local: 309-674-8125
Toll Free: 888-365-0852
Fax: 309-674-8149

Commerce Bank Building
416 Main Street Suite 700
Peoria, IL 61602
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