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Barrister, Attorney
Category: Estate Law
Satisfied Customers: 38256
Experience:  17 yrs estate law, real estate. Wills/Trusts/Probate
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Does the Government get into Revocable Trusts

Customer Question

Does the Government get into Revocable Trusts
Submitted: 1 year ago.
Category: Estate Law
Expert:  Barrister replied 1 year ago.

Hello and welcome! My name is ***** ***** I am a licensed attorney who will try my very best to help with your situation or get you to someone who can. There may be a slight delay in my responses as I research statutes or ordinances and type out an answer or reply,but rest assured, I am working on your question.

Expert:  Barrister replied 1 year ago.

If you are you asking if a revocable trust provides asset protection for the owner from those assets being considered "countable assets" for Medicaid eligibility, the answer is unfortunately no..


Since a revocable trust is revocable, the maker of the trust can revoke it at any time so they are still considered the beneficial owner of those assets for Medicaid purposes.


If the trust was irrevocable, and the assets had been put into it at least 5 years before any application for benefits, they would not be countable.