Yes, certain types of trusts protect your assets from nursing home costs. However, by itself, a trust might not protect your assets entirely. To enjoy protection, you must establish an irrevocable trust which removes assets from your direct control. In most cases, this type of trust is not recommended unless you anticipate the need for nursing home care within the next eight to ten years. Instead, you could set up a revocable trust with powers of attorney, which can be altered in the future as needed.