Exploring the Power of the MAPT in Light of Upcoming Changes

If you’re a regular listener of the Show, you know that time is running out to apply for Medicaid under current favorable rules.

Cut-backs were passed in the State budget that will limit access to home care benefits for the elderly and individuals with special needs starting in October.

Whether you need Medicaid now or want to plan ahead for long-term care, there is something you can do to beat the clock. Listen to this Life Happens podcast, recorded on Saturday, July 25, when elder law attorneys Aaron Connor and Frank Hemming explained how a Medicaid Asset Protection Trust works. A “MAPT” can open the door to Medicaid eligibility by providing asset protection, as well as tax reduction, probate avoidance and more. Aaron and Frank also answered questions often posed by our clients:

·         What do I need to do before October 1 to qualify?

·         How will the rules change after October 1?

·         How will this planning strategy help me get home care?

·         How does a MAPT figure into retirement planning?

If you would like to discuss how a MAPT may fit into your estate plan, give Pierro, Connor & Strauss a call to meet with Aaron and Frank in a free consultation: 866-951-PLAN.