What Is the Difference Between a Revocable Living Trust and a Medicaid (Medi-Cal) Trust?

Medicaid is a need-based government health insurance program that will pay for long-term care. In California, the program is called Medi-Cal. Medicare will not pay for custodial care, so many people who were never financially needy ultimately look toward Medicaid or Medi-Cal to pay for living assistance late in their lives. Medicaid is a need-based program, so you must be able to prove that you have very limited resources if you want to qualify. You could create a Medicaid trust to get assets out of your own name before you apply for coverage. Drawing Distinctions A revocable living trust is just that, revocable. You could rescind or dissolve this type of trust, and it would no longer exist. The assets would once again be in your direct personal possession. Because you retain this level of control, assets in a revocable living trust would be counted by Medicaid or Medi-Cal. A revocable living trust would be of no assistance if you want to create a trust so that you can qualify for Med
http://www.norcalplanners.com/blog/elder-law/difference-revocable-living-trust-medicaid-trust/

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