Medicaid Asset Protection Trusts (MAPTs)
A Medicaid Asset Protection Trust (MAPT) is a powerful tool designed to protect assets while helping individuals qualify for Medicaid’s long-term care benefits. By transferring assets into a MAPT, those assets are no longer counted toward Medicaid’s strict asset limits, allowing applicants to preserve wealth while meeting eligibility requirements.
Why Choose a MAPT?
Many individuals exceed Medicaid’s asset limit but still can’t afford the high costs of long-term care. Without proper planning, these assets must be “spent down.” A MAPT avoids this by safeguarding assets, ensuring they are preserved for loved ones rather than being depleted by care expenses or Medicaid recovery efforts after death.
How MAPTs Work
• Irrevocable Trust: A MAPT must be irrevocable, meaning assets transferred into the trust cannot be reclaimed.
• Excludes Assets: Assets placed in the trust are no longer owned by the applicant, keeping them exempt from Medicaid’s asset calculations.
• Managed by a Trustee: A trustee oversees the trust, ensuring assets are used according to specific rules that maintain Medicaid compliance.
Benefits of a MAPT
• Medicaid Eligibility: Qualify for Medicaid benefits without “spending down” assets.
• Asset Protection: Shield assets from Medicaid recovery, preserving them for heirs.
• Financial Security: Plan ahead to ensure access to quality care without losing hard-earned savings.
When to Set Up a MAPT
It’s essential to establish a MAPT well in advance of applying for Medicaid due to the 5-year “look-back” rule. Transfers made within this period can result in penalties and delays in eligibility.
Plan Today for Peace of Mind
A MAPT requires careful planning and legal expertise to ensure compliance with state-specific Medicaid rules. At AFEPI, our experienced team is here to guide you through the process, helping you protect your assets and secure your future care. Contact us today to learn how a Medicaid Asset Protection Trust can work for you.
Take the First Step Today!
Don’t leave your future to chance. The decisions you make today shape the legacy you leave tomorrow. Our team of dedicated estate planning professionals is here to guide you through the process with clarity, care, and expertise. Whether you’re looking to protect your loved ones, preserve your assets, or minimize tax burdens, we’re committed to providing solutions tailored to your unique goals.
Here’s what you can expect from your complimentary consultation:
A Comprehensive Review of Your Needs: We’ll take the time to understand your financial and family situation, your goals, and your concerns.
Clear Explanations: Estate planning can feel overwhelming, but we simplify the jargon and outline your options in straightforward terms.
Tailored Strategies: Whether it’s asset protection, tax advantage accounts, or veterans’ trusts, we provide recommendations that align with your specific circumstances.
A Path Forward: You’ll leave with a clear understanding of your next steps and how we can support you in achieving your estate planning goals.
Why Wait? Your Future
Deserves Attention Now.
Don’t leave your future to chance. The decisions you make today shape the legacy you leave tomorrow. Our team of dedicated estate planning professionals is here to guide you through the process with clarity, care, and expertise. Whether you’re looking to protect your loved ones, preserve your assets, or minimize tax burdens, we’re committed to providing solutions tailored to your unique goals.
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Our Partners
Christopher Moore, Your Legacy Builder
Let’s Build Your Legacy Together
The best time to secure your future is now. Whether you’re just starting or need to refine your current plan, I’m here to help you navigate the complexities of estate planning and asset protection with care and expertise.
Why I’m Passionate About Estate Planning
Estate planning is about more than protecting assets—it’s about protecting legacies. As your trusted guide, I bring together my business acumen, leadership skills, and coaching expertise to help families and individuals across Oregon, Washington, and Idaho build a future of security, prosperity, and peace of mind. Whether you’re considering a revocable trust, irrevocable trust, veterans’ trust, or exploring tax-advantaged strategies, my goal is to empower you with clarity and confidence every step of the way.
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