A trust is very important for retaining an inheritance for heirs if you're ever placed in a nursing home. If you're in a home, Medicaid will require you to spen

A trust is very important for retaining an inheritance for heirs if you're ever placed in a nursing home. If you're in a home, Medicaid will require you to spend almost all of your assets down before it will pay for nursing home care (Medicare does not pay for nursing homes). You can avoid this by placing your assets in a trust. You must do this at least 5 years before entering a nursing home or Medicaid can go after sheltered assets. https://info.legalzoom.com/shelter-assets-nursing-home-care-costs-23688.html https://info.legalzoom.com/shelter-assets-nursing-home-care-...