Long Term Care with Trusts CLE

Incisive Media is sponsoring a webinar entitled Planning for Long-Term Care: Using the Irrevocable Income-Only Trust on March 26, 2009.

Here is a description of the program:

The high costs of long-term nursing care can be ruinous to those who have not planned for them. For lawyers and financial advisers to the elderly and their families, the Irrevocable Income-Only Trust can be the ideal tool for helping clients meet the challenge.

This Webinar shows how Irrevocable Income-Only Trusts help in coordinating and maximizing resources and how they protect assets while enabling grantors to receive public benefits that require impoverishment for eligibility. It also explains how they maximize an estate after long-term care expenses have been incurred.

Topics covered include:

• Planning for long-term care generally
• Planning for government benefits that require impoverishment
• Using Irrevocable Income-Only Trusts to pay for long-term care
• Early planning to preserve assets from spend-down
• Last-minute “crisis” planning
• How an Irrevocable Income-Only Trust limits probate exposure
• Tax benefits