What is a Medicaid Asset Protection Trust?

Many people want to make sure their entire estate is not consumed by the high cost of long-term care. Medicaid Asset Protection Trusts (MAPTs) enable someone who would otherwise be ineligible for Medicaid to become eligible and receive the long-term care they need. These trusts protect a Medicaid applicant’s assets from being counted for eligibility purposes, because assets put into this type of irrevocable trust are no longer considered owned by the applicant.