Community Medicaid, also known as home-care Medicaid, is a program that pays for a variety of medical services that enable individuals to stay in their homes. Importantly, Medicaid pays for home-care aides who assist with activities of daily living (e.g. dressing, bathing, toileting, and feeding). Medicaid recognizes that to stay in the community, such individuals likely need to use all their income.
A living trust is a legal tool that allows you to hold property for someone else. It involves three parties: settlor (the person giving the property), trustee (the person holding the property), and the beneficiary (the person or people who benefit from the property). These three parties can be the same person or they can be different people. People can place real estate, fine art, money, and other things of value in a living trust.