How To Keep Nursing Home From Taking Your House. The nursing home doesn’t (and cannot) take the home. A revocable living trust will not protect your assets from a nursing home.
Sitting around and hoping others will take care of you is not the way to avoid a nursing home. Another common approach is to use a “life estate” plan to protect a house or cabin from nursing home costs. And your property is safe from being subject to a medicaid lien.
And your property is safe from being subject to a medicaid lien.
For more on this equity limit see my article: This means that, in most cases, a nursing home resident can keep their home and still qualify for medicaid to help pay the nursing facility expenses. Properly executed, you may protect your assets from nursing home expenses if — and it’s a big if — those assets were transferred to an irrevocable trust at least five years before you go into a nursing home. I would get some good legal advice on what is the best way to proceed.