Understanding Medicaid and Estate Recovery Training Seminar
Make Sure Your Clients Know All Their Options
One of the greatest concerns of your elderly clients is impoverishment due to nursing home or other medical care. While many people create estate plans that protect their assets from probate or taxation, these objectives may be in direct conflict with the eligibility for medical assistance. In the face of rising costs, Medicaid spending has risen faster than the rate of inflation, causing the government to amend the law and implement the estate recovery process. Many of your clients don't realize that they must use their own assets to pay Medicaid back - and Medicaid gets to decide what they can afford. How will this impact the estate planning recommendations you give your clients?
Balance the conflict of interest between tax and Medicaid planning and create a proactive plan to help your clients preserve assets. Reduce Medicaid liens whenever possible - we can show you how. Be prepared for Medicaid's claims on the estate when the recipient passes away. Confidently work on your client's behalf to resolve Medicaid problems at fair hearings and administrative appeals. Get the information you need to steer your clients in the right direction.
- Ensure your clients are following the rules governing asset transfers so they aren't penalized later.
- Know whether IRAs and qualified plans are vulnerable so you can protect them when possible.
- Minimize the conflicts between tax & Medicaid planning.
- Properly submit a petition for claim allowance during estate recovery.
- Follow the correct procedures when handling appeals and give them the best chances of success.
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