Medicaid Asset Protection Trusts (MAPTs) are designed to be irrevocable. That is the point. But "irrevocable" does not mean "inflexible."
New York law provides a statutory mechanism for revocation of an irrevocable trust under EPTL 7-1.9 β and that mechanism creates both opportunity and risk in MAPT planning.
Understanding how beneficiary drafting interacts with EPTL 7-1.9 is critical.
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Hani Sarji
New York lawyer who cares about people, is fascinated by technology, and is writing his next book, Estate of Confusion: New York.
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