Drafting is a mission-critical function for all law offices, especially offices that deal with trusts and estates, elder law, and business law. Your legal documents should capture your firm’s intellectual capital and set it apart from other competitors. While drafting methods have remained relatively unchanged for decades, the increasingly hypercompetitive legal market has forced attorneys to seek out and adopt new legal technologies to streamline their drafting processes. 

WealthCounsel’s Medicaid Asset Protection Trust (MAPT) is a strong tool to use for asset protection. Not only is the trust designed to protect assets from being counted for Medicaid eligibility, the trust can also be designed to accomplish asset protection for beneficiaries. Protecting loved ones is a common goal in elder law cases. Clients want to know that they are not only protecting themselves, but they are doing all they can to better the lives of their loved ones. Asset protection can be a desired product. To be able to protect beneficiaries from creditors, divorce, or judgments is a satisfying feeling. So how can one design the MAPT to achieve the best protection?

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act, which is effective January 1, 2020, is the most impactful retirement legislation of the past decade.