what is the look back period for a living trust
This is a trust that cannot be changed by the individual who created it. This asset would be included in all Medicaid eligibility formulas. These kinds of trusts are not useful when planning for Medicaid. The irrevocable trust is subject to the 60 month look back period. The funds of the trust are eventually paid to the beneficiary, but any income from the trust may be used to pay for living expenses of the grantor. This includes the costs of nursing homes.