Dear Michael: We talked to you a while back regarding protecting our assets from Medicaid and/or long-term care costs. At the time, you recommended long-term care insurance – which we purchased from you. You also stated you have seen other people use  life estate to protect their home and farm. When we pressed you on protecting other things such as savings, life insurance and retirement income, you told us of other people who had set up an irrevocable trust to hold some of these assets. All these items were subject to a five-year look-back rule and one of our children could be trustee.