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ELDER LAW: Medicaid Planning for Long-Term Care, Asset Protection, and Tax Strategies  

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training seminars by NBI Inc. NBI Inc.

ELDER LAW:  Medicaid Planning for Long-Term Care, Asset Protection, and Tax Strategies seminar agenda print utility

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This basic-to-intermediate level seminar offers practical strategies for using Medicaid, veterans benefits and other planning methods to fund long-term care. It will benefit: Attorneys, Paralegals, Estate and Financial Planners, Trust Officers, Accountants and CPAs

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Seminar Summary:

Our faculty offer their experience-wrought techniques for qualifying clients for benefits while preserving their wealth. Don't miss this opportunity to get up to speed (see full course description)

 

View dates/locations for this event on FindaSeminar.com then register online

 
 

Training Course Syllabus:


Help Your Clients Prepare for Future Continuing Care Needs
With growing numbers of baby boomers entering retirement age, there is both need and new opportunities for long-term planning for health and continuing care benefits. Are you up to date on the latest and most effective elder law procedures and strategies? Our faculty offer their experience-wrought techniques for qualifying clients for benefits while preserving their wealth. Don't miss this opportunity to get up to speed - register today!

  • Make the best use of LTC funding options and strategies, including Medicaid planning and creating special needs trusts.
  • Find out how to interpret current Medicare rules and limitations.
  • Learn how to handle various asset transfers to protect your clients' interests while still qualifying them for Medicaid.
  • Identify when to use private or commercial annuities in Medicaid planning.
  • Explore effective ways of protecting your client's home.
  • Get an experienced guide to help you navigate the pros and cons of living wills.
  • Understand planning for elderly individuals to avoid estate taxes.


MORNING SESSION:
9:00 - 10:30 and 10:45 - 12:15, Joseph M. Placer Jr.

WILLS

  • Checklist for Gathering Client Information
  • Must-Have Provisions - Drafting Do's and Don'ts
  • Building Flexibility Into the Plan - Checklist of Special Provisions
  • Methods of Designating Fiduciaries
  • Keeping the Clients Current on Their Wills
  • Educating Your Clients on the Harm of Writing Someone Out of the Will
  • Practical Pointers and Sample Will Review
ANNUAL EXCLUSION GIFTING
  • Determining Recipients of the Gifts
  • Choosing Assets for Annual Gifting
  • Minimizing Gift and GST Taxes
  • Reporting to the IRS
  • Maximizing Annual Exclusion and Lifetime Exemption Gifting
  • Gifting Techniques
DONATIVE AND CHARITABLE GIVING
  • Overview of the Wealth Transfer Charitable Tax Deduction
  • Helping the Client Choose a Qualified Charity
  • Requesting Donation Confirmation Documents from Charity
IRREVOCABLE LIFE INSURANCE TRUSTS
  • Trusts for Children
  • Single Life and Second to Die Trusts
  • Hanging and Flexible Crummey Powers
  • Assets to Place in Trust
  • Trusts vs. LLC/Partnership
TAX CONSIDERATIONS
  • Impact of Sunset of 2001 Bush Tax Reductions
  • Exemptions from Federal Estate Taxes
  • Impact on Step-Up in Basis for Capital Gains Taxes
  • Sensible Planning for Elderly Individuals to Avoid Estate Taxes

AFTERNOON SESSION:
1:15 - 2:30 and 2:45 - 4:30, Steven M. Jankower

DURABLE POWERS OF ATTORNEY AND ADVANCE MEDICAL DIRECTIVES

  • General Powers of Attorney
  • Medical Powers of Attorney and HIPAA
  • Pros and Cons of Living Wills
FUNDAMENTALS OF MEDICAID PLANNING IN LOUISIANA
  • Medicaid in Louisiana - Individuals in Need of Benefits Can Qualify if They are Willing to Wait
  • Louisiana's Forced Heirship Laws Make Medicaid Planning Critical
  • Medicare and Medicaid - They May Sound the Same but They're Not
  • Can a Medicaid Recipient Own Assets and Still Qualify for Benefits?
  • Congress Passes Sweeping Changes in Medicaid Eligibility Rules - The Deficit Reduction Act of 2005
  • "Why Can't We Give it Away?" - Donating Assets Can Trigger Stiff Medicaid Penalties
  • Medicaid Estate Recovery - When the Government Wants it Back
  • Medicaid Planning for Long-Term Care of a Spouse
  • Common Myths and Misconceptions About Medicaid Planning
  • Legality of Medicaid Planning - Do Granny and Her Attorney Go to Jail?
CREATING SPECIAL NEEDS TRUSTS IN LOUISIANA
  • Advantages and Disadvantages of Special Needs Trusts
  • Determining if a Special Needs Trust is Right for Your Client's Needs
  • Medicaid Planning and OBRA '93
    • Changes Made by OBRA '93 Legislation
    • Applicability to Trusts
    • Exceptions - "Under Age 65 Disability Trusts" and Pooled Account Trusts
  • Establishing Special Needs Trusts With Disabled Individual's Assets and Personal Injury Awards
    • Recommendations
    • Selection of Trustee
  • Establishing Special Needs Trusts With Assets of Parents or Third Parties
    • Requirements
    • Should Trust Be Established Inter Vivos or by Testament?
    • Placement of Forced Heir's Interest in Trust
    • Providing for Shifting of Interests to Substitute Beneficiary
  • Final Thoughts

Seminar Summary:

Our faculty offer their experience-wrought techniques for qualifying clients for benefits while preserving their wealth. Don't miss this opportunity to get up to speed (see full course description)

 

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