Our law firm is experienced in Medi-Cal long term care planning. This is important when a person wants to qualify for Medi-Cal coverage to receive nursing home care. Medi-Cal is the California version of Medicaid. Although it is recommended a lawyer is consulted on your specific situation, here is an overview for different age individuals.
For people in their sixties that are financially secure and very healthy it is not advisable to put the home in an irrevocable trust, or as some refer to it as a "House Trust" to protect the house in the event they need to qualify for Medi-Cal. A sixty year old individual is unlikely to need care for twenty years and may need the home equity or may move to another city. This being the case we cannot predict what the Medi-Cal rules will be in twenty years.
Older individuals in their eighties are a different matter. This situation may require protecting the home by placing it in an irrevocable trust after reviewing health conditions and additional assets. In this situation it is advisable to contact an elder law attorney specializing in qualifying for Medi-Cal long term care. The financial benefits for the family can be huge and must be implemented with an experienced attorney for sucessful results.