Nevada · Attorney-Style Template
Nevada Medicaid Asset Protection Trust Template
Fill-in-the-Blank · State-Specific · Instant Download
(New)
What's Included
Fill-in-the-blank Nevada Medicaid Asset Protection Trust (MAPT). Transfers assets outside the Medicaid-countable estate while preserving a life estate. Drafted to address Nevada Medicaid look-back rules and spousal impoverishment provisions.
Irrevocable income-only trust structure
5-year Medicaid lookback compliance (42 U.S.C. § 1396p)
No principal distributions to settlor or spouse
Income distribution to settlor for life
Residence retention provisions (occupy rent-free)
Limited testamentary power of appointment
Step-up in basis preservation (IRC § 1014)
Grantor trust tax election (IRC §§ 671-679)
Spendthrift protection
Successor Trustee provisions
Lookback acknowledgment
Notary acknowledgment block
Who This Is For
- Adults age 55+ planning for long-term care
- Homeowners wanting to protect a primary residence from Medicaid recovery
- Families planning ahead of the 5-year lookback
- Adults wanting to leave assets to children despite Medicaid eligibility
NOT Appropriate For
- Anyone needing Medicaid within 5 years (lookback penalty applies)
- People unwilling to give up principal access
- Anyone with a current Medicaid application or denial pending
Legal Disclaimer
This template is for informational purposes only and does not constitute legal advice. No attorney-client relationship is formed by purchase. Consult a licensed Nevada attorney for advice specific to your situation.
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