A Medicaid Trust is an Irrevocable Trust that provides a way for Medicaid applicants who have assets over Medicaid’s limit to become eligible for Medicaid long term care. Simply stated, these Trusts protect a Medicaid applicant’s assets from being counted for eligibility purposes. This type of Trust enables someone who would otherwise be ineligible for Medicaid to become Medicaid eligible and receive the care they require at home or in a nursing home. Assets in this type of Trust are no longer considered owned by the Medicaid applicant. Medicaid Trusts also protect assets for one’s children and other relatives