MAPTs and BDOTs - How They Work and When to Use Them

Explore sophisticated trust structures that go beyond basic estate planning documents in this advanced session. Participants will discover the strategic implementation of Medicaid Asset Protection Trusts (MAPTs), including critical timing and circumstances for long-term care planning. The session will cover Beneficiary Deemed Owner Trusts (BDOTs) and their tax advantages, plus advanced document provisions like the Clayton Election. Using practical examples, attendees will uncover ways to integrate these sophisticated tools into comprehensive estate planning solutions for complex client needs.

3 Learning Objectives:

Participants will be able to:

1. Apply Medicaid Asset Protection Trust (MAPT) strategies to shelter client assets and demonstrate how these trusts enable qualification for Medicaid long-term care benefits, including skilled nursing facility coverage.
    
2. Analyze Beneficiary Deemed Owner Trusts (BDOTs) address SECURE Act challenges by comparing their effectiveness in maintaining creditor protection, divorce protection, and distribution control against the 10-year RMD distribution limitations.
    
3. Understand how specialized Trusts and Trust provisions can add enable clients to address unique objectives and law changes. GRT, etc.