How a Medicaid Asset Protection Trust Shields Your Home from Long-Term Care Costs

In this episode of Estate Planning with Fexingo, Lucas and Luna dive into the Medicaid Asset Protection Trust, a powerful tool for safeguarding your home from nursing home and long-term care costs. They walk through how the trust works, the five-year lookback rule, and a real-world example: a retired couple in Ohio who placed their $400,000 home into an MAPT five years before needing Medicaid. Lucas explains the difference between irrevocable and revocable trusts, why the grantor must give up control, and how the trust can bypass estate recovery. Luna asks about downsides—loss of step-up in basis, mortgage complications, and the risk of a home sale triggering capital gains. They also discuss alternatives like long-term care insurance and the 'spend down' strategy. By the end, listeners understand exactly when an MAPT makes sense and when it doesn't. This is episode 39 of Estate Planning with Fexingo: Wills, Trusts, and Passing Wealth to Future Generations. #MedicaidAssetProtectionTrust #MAPT #EstatePlanning #LongTermCare #NursingHomeCosts #IrrevocableTrust #AssetProtection #MedicaidPlanning #FiveYearLookback #EstateRecovery #HomeProtection #RetirementPlanning #ElderLaw #TrustsAndEstates #Finance #FexingoBusiness #BusinessPodcast #ElderCare Keep every episode free: buymeacoffee.com/fexingo