What Role Does an Asset Protection Trust Play in Long-Term Care Planning?

Long-term care can be prohibitively expensive, prompting many individuals to turn to Medicaid for assistance. Certain types of asset protection trusts, such as Medicaid Asset Protection Trusts (MAPTs), are specifically designed to protect assets while allowing the Grantor to qualify for Medicaid benefits. To achieve this, assets must be transferred into the trust well before the Medicaid “look-back” period—a window during which transfers may disqualify applicants from receiving benefits. By using an MAPT, individuals can preserve non-exempt assets and still qualify for Medicaid, ensuring that their personal resources are not entirely depleted by long-term care costs.

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