Medicaid Asset Protection Trust
If you have personal assets beyond Medicaid eligibility limits, a Medicaid Asset Protection Trust can eliminate certain holdings from consideration, allowing you to receive federally-funded healthcare, while still being able to pass wealth on to your beneficiaries.
Take a look at our video below for 5 facts to remember about MAPTs, provided by our trusts and estate attorney Shabrei M. Parker.
Don’t forget: Always consult with an attorney before attempting to create a trust on your own. Being disqualified from Medicaid coverage because of an improperly established trust could put your generational wealth at risk.
Shabrei M. Parker is a partner at Mincey Fitzpatrick Ross, LLC, where she specializes in estate planning and administration. You can reach her online at: Mincey Fitzpatrick Ross, LLC