09/02/2026
Myth: "Putting my home in a trust means no one can touch it." 🛑
Truth: Only the right type of trust will protect your assets.
One of the biggest mistakes we see is people creating a Revocable Trust believing it shields their home from Medicaid or lawsuits. Because you retain control over a revocable trust, courts and creditors view those assets as yours.
If asset protection or long-term care planning is your primary goal, an Irrevocable Trust is usually required—but it comes with trade-offs you need to know first.
Don't sign estate documents until you know the exact difference.
Read here: https://nywillsandestates.com/blog/revocable-vs-irrevocable-trust-mistakes/)
Questions about trusts in NY or NJ?
📞 Call (212) 920-6371
Learn key revocable vs irrevocable trust differences and the mistakes Manhattan families make when setting up an irrevocable trust for asset protection.