Does a Revocable Living Trust protect my assets against lawsuits and the costs of nursing home care? No, that type of trust will avoid probate, protect a portion of your estate if you die and your spouse remarries and it may impose restrictions on your heirs as to how and when they will inherit. However, only an irrevocable trust will protect your assets against lawsuits and nursing home expenses. The choice you make should be thoroughly discussed with your estate planning attorney.
-Attorney Jack N. Alpern