During your retirement years you may need to qualify for Medicaid to help cover the high cost of long-term care. To be eligible, however, the value of your “countable resources” must fall below the program limit. An irrevocable living trust is often set up to ensure that you will qualify for Medicaid if you need it in the future. Your assets are transferred into the trust, thereby reducing the value of your countable resources. Learn more about is a trust right for your estate plan in Missouri in this presentation.
