Niles, IL estates & probate attorney Dana Zivkovich talks about Medicaid Asset Protection Trusts. She explains that a Medicaid Asset Protection Trust is a specialized trust created to safeguard assets when an individual anticipates requiring Medicaid benefits. These trusts are governed by detailed state and federal requirements, making them inherently complex. To ensure that assets are effectively protected and eligibility is preserved, such a trust must be established well in advance of the individual’s need for Medicaid assistance.