Does an irrevocable trust help an applicant once they get approved? Wondering, if my father in law got approved pension benefits and then sold his (paid for) home could that cash could hurt him in qualifying the following year? My suspicions say yes, so my real question is wouldn't it be wise to have all assets in an irrevocable trust so when home sells the trust owns the cash and this would not affect his requalifying for pension benefits the following year. Perhaps this is a question for an elder law atty., but hoping some one can shed some light on this. My husbands fear is that his Dad would get qualified -- then sell his home -move into an ALF and the cash from sale of home would disqualify him the following year because he'd then be 89 yrs old and be way over that 80G threshold.