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Revocable vs. Irrevocable Trusts: Protecting Your Wealth & Estate If you think a revocable living trust will + protect your home from Medicaid estate recovery, think again. Since you retain full control over assets in a revocable trust, they remain part of your estate and can be claimed by Medicaid if the state covers your long-term care. Irrevocable trusts, however, remove assets from your control. If set up at least 5 years in advance, they can help protect wealth from Medicaid recovery. For business owners, irrevocable trusts are often used for estate tax planning rather than eldercare. But I'm curious.. do you have a trust? If so, which type and why let me know in the comments

Added 11 Apr 2026