Estate Law Questions? Ask an Estate Lawyer.
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A revocable trust provides no creditor protection; it's simply a means to avoid probate. Because it's revocable, the assets are still within the control of the grantor and thus creditors can go after assets in a revocable trust. An irrevocable trust would provide protection, but if government aid is being sought for nursing care, you do need to be aware that there is a 5-year look back period...meaning that any assets transferred to an irrevocable trust or other party for less than fair market value will be considered in the grantor's/donor's eligibility for government assistance.
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