Estate Planning and Recovery for Elderly Clients Training Class

Course ID: 13172

Estate Planning and Recovery for Elderly Clients Training Seminar

Safeguard the Future of Elderly Clients

Your elderly clients depend on you in many ways - to ease their tax burdens, preserve their assets and safeguard their futures. Yet keeping up with critical developments in elder law and supplying real-world solutions to the unique problems seniors face is becoming increasingly more difficult. You must thoroughly understand all the changing options available to give clients the personalized and informed advice they need.

That's why we developed this timely seminar. You'll explore the breadth of options available to seniors today and gain essential strategies for creating an estate plan that preserves your clients' interests - both during life and after death. Learn how-to's for planning for incapacity so clients don't have to depend on their loved ones to carry out their wishes. Address the complexities of long-term insurance and how to protect clients from the potential catastrophic costs of health care down the road. Sort through the confusing long-term care options and how to best advise clients on where and how to spend the later years of their lives. Find out how to avoid pitfalls when tapping into trusts to ensure the needs of your clients are met. Few decisions are as important to your clients' future as your decision to attend this seminar. Attend and get answers to your most pressing questions.

Clear up misconceptions about choosing the agent/trustee - so you can make the right decision.
Be prepared to exercise health care options with durable powers of attorney.
Assisted living - know the pros and cons your clients will ask about.
Compare the methods of financing long-term care costs.
Determine how age and health factors figure in to long-term care insurance for your clients.
Solve Medicaid eligibility problems using the personal service contract.


	Agenda
	WORK THROUGH KEY ESTATE PLANNING ISSUES Heather Flanagan, 9:00 - 9:45 How to Determine the Client's Goals Understanding Planning Techniques and Their Potential Expenses and Restrictions Misconceptions About Choosing Their Agent/Trustee Joint Bank Accounts: The Risks and Benefits Recent Need-to-Know Case Law and Legislative Developments PLAN FOR YOUR CLIENT'S INCAPACITY Colleen M. Duris, 9:45 - 10:45 When Durable Power of Attorney Is the Best Option Plan for How Health Care Decisions Will Be Controlled What to Look for When Evaluating Living Will Declarations Discuss Withholding or Withdrawing Life-Prolonging Medical Treatment How to Exercise Health Care Options with Durable Powers of Attorney Adult Right-to-Die Cases - Lessons to be Learned GIVE INFORMED ADVICE ABOUT LONG-TERM CARE Colleen M. Duris, 11:00 - 11:30 What Home and Community-Based Services Can and Can't Offer Assisted Living - the Pros and Cons Break Down the Criteria for Nursing Facility Care Compare the Private Methods of Financing Long-Term Care Costs ELIMINATE CONFUSION SURROUNDING LONG-TERM CARE INSURANCE Colleen M. Duris, 11:30 - 12:00 How Much Coverage is Enough? How Age and Health Factors Figure In Be Prepared to Head Off Income and Estate Tax Problems EXAMINE CORE TOPICS IN MEDICAID AND ESTATE RECOVERY Colleen M. Duris, 1:00 - 1:50 Clear Up Eligibility Questions Solve Eligibility Problems Using the Personal Service Contract Exceptions to the Rules About Liens and Estate Claims The Legality of Transferring Assets How Spousal Impoverishment Protection Works The Latest Developments in Medicaid Law When Estate Recovery Can Take Place By Law Challenges in the Collection Process that Demand Your Attention ESTABLISH APPROPRIATE ETHICAL BOUNDARIES Heather Flanagan, 1:50 - 2:40 Who Is Your Client? Uncover Confidentiality and Conflict Issues The Secret to Avoiding Conflict Between Spouses' Interests The Competency of the Client: Who Calls the Shots? Follow Up and Follow Through With the Paperwork - Your Ethical Duties Ethical Guidelines for Setting Fair Fees DRAFT WILLS THAT PROTECT CLIENTS' INTERESTS Heather Flanagan, 2:55- 3:45 Select the Vehicle that Meets Clients' Needs The Statutory ABC's: What is Required De-Mystify the Laws of Intestacy Update on Current and Changing Estate Tax Regulations Disinheritance and No Contest Clauses: Will They Stand? Checklist of Special Provisions that Will Build Flexibility Into the Plan Practical Pointers With Sample Forms The Proper Execution of a Will in Your State MEET THE SPECIAL NEEDS OF YOUR ELDERLY CLIENT Heather Flanagan, 3:45 - 4:30 Compare and Contrast Trusts: Why Inter Vivos or Testamentary Trusts Are Typically Created The Risk - and Flexibility - in Irrevocable or Revocable Trusts New Rules for Establishing a Medicaid Qualifying Trust How to Set Up Special Needs Trusts that Don't Jeopardize Government Benefits Commonly Used Approaches to Managing and Protecting Assets How Is Estate Planning Affected by Incompetency? Guidelines for Gifts and Joint Accounts Trusts Used as a Will Substitute: An Appropriate Choice? Probate Estate vs. Funded Trust: Advantages and Disadvantages


	Audience
	This basic-to-intermediate level seminar is designed for attorneys, paralegals, social workers, nursing home administrators, financial planners, guardians and others who want to become more skilled at helping the elderly plan for the future.