Attorney Michael Ettinger explains how to protect your home and life savings with a Medicaid Trust (MAPT). With this trust, you can keep the use and enjoyment of your assets while protecting them if something ever happened to you.
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Ettinger Law Firm focuses exclusively on elder law estate planning. Our attorneys and paralegals work to provide asset protection and tax savings for baby boomers and senior citizens. Practicing for twenty seven years and with offices in sixteen New York State locations, Ettinger Law Firm has prepared thousands of estate plans for generations of middle class families.
Chapters:
00:00 Intro
3:52 MAPT Overview
5:23 The Five Year "Look-Back" for Facility Care
7:11 The New Two and a Half Year "Look-Back" for Home Care
9:34 Why Set Up a MAPT?
14:22 The MAPT is an "Income Only" Trust
18:11 Benefits of the MAPT
19:56 You Can Revoke an Irrevocable Trust
20:45 MAPT vs Life Estate Deed
22:07 How You Keep Control with a MAPT
24:28 Why Don't More People Set up a MAPT?
26:04 Long-Term Care Insurance vs MAPT
28:00 MAPT "Do's"
29:39 MAPT "Don'ts"
30:56 Free Online Seminar
32:00 Our Law Firm's Unique Planning Process
35:54 Our Law Firm's Trademarked Process After You Sign Your Documents
39:10 How do you Schedule a Free Consultation?
40:41 Answering your Questions
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