FAQs

Even without prior planning, there are still options available to safeguard your assets when faced with the need for long-term nursing home care. Elder Care Law of Kentucky provides strategies to assist families in protecting their financial resources, even in situations where long-term care becomes a necessity.

Access to funds placed in a trust varies depending on the type of trust established. With a revocable trust, you generally maintain full access and control over the assets, as you can modify or dissolve the trust at any time. In contrast, an irrevocable trust typically involves relinquishing control over the assets, meaning direct access is no longer possible once the assets are transferred into the trust.

A revocable trust provides flexibility and control over assets, while an irrevocable trust offers asset protection but requires giving up control over the assets placed within it. The choice between these two types of trusts depends on your specific financial goals and circumstances.