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Does an Irrevocable Trust Protect Assets from a Nursing Home?

According to the U.S. Department of Health and Human Services, a 65-year-old has a nearly 70% chance of needing some form of long-term care in their remaining years. This statistic highlights why many people ask, "Does an irrevocable trust protect assets from a nursing home?" The answer is yes, but only if it's properly structured and funded well in advance of a Medicaid application, due to the critical five-year look-back period.