Medicaid Asset Protection Trusts

Summary

Medicaid Asset Protection Trusts (MAPTs) are irrevocable and must be created more than 60 months before applying for Medicaid to avoid penalties. Assets in these trusts are typically not counted for eligibility and can escape estate recovery. If a MAPT is created within the 5-year look-back period, assets may be subject to penalties or estate recovery. Consulting an estate planning attorney is advisable for personalized guidance.

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So if the MAPT is created within the * yeart look back. What happens then to the estate after the recioient dies?
If a Medicaid Asset Protection Trust (MAPT) is created within the *-year look-back period, the assets may be subject to penalties or may not be protected from estate recovery. This means Medicaid might seek recovery from the estate for benefits paid. Consulting an estate planning attorney can provide personalized guidance. Do you have any other questions about estate planning?