A revocable living trust -- or an irrevocable living trust which can pay to you, whether it does or not -- will not protect your assets if long term medical care is needed. Worse yet, in some states putting your home in the trust will make it a countable asset for Medicaid purposes: you will have to sell the home and spend down to $2,000 before you are eligible for Medicaid. Use the Find a Lawyer function on the website of the National Academy of Elder Law Attorneys to find a Delaware elder lawyer to help you do effective planning (www.naela.org)
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.
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