Need help with Trust and Nursing Home Care

[1michele]

My mother was recently placed in a nursing home for rehabilitation and therapy. My father has contacted the welfare department and they have informed him that his total assets can be no more than $100k. My mother and father have a "Revocable Living Trust", but I am under the impression that this does not protect them from losing some or all of their assets. Is this so? Also, is the house included in the $100k limit on assets?

My last question; since my mother is already in the nursing home is it to late to have an Irrevocable Trust set up?

Any help is greatly appreciated!
Gary

 

[1michele]

Thanks!

I think I have the information I need. It looks like my father stands to loose a great deal of his assets and that his "Revocable Living Trust" is worthless in this case.

He does have some property that he wanted to leave to his grandchildren, can I legally purchase that property if those proceeds go to the nursing home?