Medicaid Asset Protection Trust (MAPT)
Protect Your Home from Long-Term Care Costs
For many Minnesota homeowners, your home represents both your life’s work and your largest investment. Estate planning, long-term care preparation, and business succession must work together. When these areas don’t align, even a solid plan can fail under pressure. A coordinated strategy ensures that ownership, control, and liquidity support your family’s financial stability and legacy goals.
Align Ownership and Beneficiaries
Begin by reviewing all ownership interests and beneficiary designations. Confirm that your home title, company shares, estate documents, and insurance policies reflect your current intentions. Inconsistencies between these items can cause delays, disputes, or unintended transfers. Regular updates reduce risk and ensure your home passes according to your wishes.
For additional guidance, review Medical Assistance Treatment of Assets and Income from the Minnesota House Research Department.
Use Trusts and Estate Structures Strategically
Trusts can strengthen both control and protection. A revocable living trust ensures smooth management if you become incapacitated. An irrevocable trust may remove appreciating assets from your taxable estate. In Minnesota, trusts can also divide voting and non-voting shares, giving some heirs decision-making authority while others receive financial benefits. Choosing the right trustee or oversight committee keeps business and family priorities balanced.
To understand how asset transfers affect Medicaid eligibility, visit the Minnesota Medical Assistance Look-Back Period and Transfer Rules.
Plan for Liquidity
Next, make sure your estate can access cash when long-term care or estate expenses arise. Liquidity allows heirs to avoid rushed asset sales. Funding options include life insurance, buy-sell agreements, or outside financing. These tools help pay taxes, settle debts, or equalize inheritances. A strong liquidity plan keeps your family and business stable through transitions.
See current figures for home equity and asset limits in Minnesota Long-Term Care Medicaid Eligibility (2025).
Review and Update Regularly
Estate and business plans must evolve. Market shifts, tax changes, and personal milestones can alter priorities. Meet with your attorney, financial planner, and tax advisor annually to confirm that your documents, ownership structure, and insurance coverage remain accurate and effective. Regular reviews help you stay compliant with Minnesota law and ready for any scenario.
Safeguard Your Legacy and Your Home
An integrated estate and succession plan preserves what matters most—your home, business, and family’s future. Proper coordination keeps decision-making clear, reduces conflict, and ensures your hard work continues to benefit future generations on your terms.
Take the First Step
If you’re ready to unify your estate plan and business strategy, contact Metropolitan Law Group. Our Minnesota team will help align ownership, control, liquidity, and legacy into a single, effective plan. Call 612-524-9414 or schedule a complimentary 15-minute Discovery Call with one of our experienced staff members today.
