Maximize Your Medicaid Savings With Expert Trust Guidance

There are primarily two types of Medicaid trusts: revocable and irrevocable trusts.

Revocable trusts offer flexibility, allowing you to alter the trust terms or even dissolve it entirely. However, because the assets in a revocable trust are still considered part of your estate, they do not protect your assets from Medicaid's asset limits.

Irrevocable trusts, on the other hand, are more rigid, as you relinquish control over the assets placed in the trust. The advantage here is that assets in an irrevocable trust are generally not counted toward Medicaid eligibility, offering a strategic way to safeguard your wealth¹.