CLE on Asset Protection Planning for Medicaid and Veterans Benefits: Tips, Strategies, and Ethical Issues for Estate Planners and Advisors
Why You Should Attend
Your clients will have questions about how Medicaid asset protection factors into estate planning. Make sure you know the answers.
With about 10,000 Baby Boomers turning 65 each day and the Baby Boomer population representing nearly 20 percent of the American public, Medicaid asset protection is becoming an increasingly critical component of estate planning, especially for disabled or elderly individuals. According to the U.S. Department of Health and Human Services, “Someone turning age 65 today has almost a 70 percent chance of needing some type of long-term care services and supports in their remaining years” and about 40 percent of aging individuals will need nursing facility care.
Although Medicaid can cover nursing home costs, inadequate planning can easily wipe out your client’s life savings. And for a client (or client’s spouse) who served in the U.S. military, veterans pension benefits (often called Aid and Attendance) can be a valuable supplement, but new veterans pension rules make it more difficult to qualify for long-term care benefits.
What You Will Learn
Join us for this 90-minute teleseminar, presented by one of the top elder law experts in the country, to explore the options and identify the right strategies for your clients.
Topics to be covered include:
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- Assessing clients’ needs
- Ways to pay for long-term care
- The Medicaid lookback period and transfer rules
- Medical eligibility
- Veterans aid and attendance: The new rules
- The 10 most common Medicaid myths
- The ethics of Medicaid planning (ABA Model Rules 1.7, 1.8(f), and 1.14) (approx. 30 minutes)
- Using irrevocable trusts for Medicaid and veterans planning
- Practice tools
Questions submitted during the program will be answered live by the faculty. All registrants will receive a set of downloadable course materials to accompany the program.
Who Should Attend
Who should attend: Estate planning attorneys, elder law practitioners, CPAs, and financial advisors