Resolving Legal and Financial Issues in Elder Care Training Class

Course ID: 9367

Resolving Legal and Financial Issues in Elder Care Training Seminar

Protect Your Clients' Assets and Provide the Services They Need

Thanks to advances in medicine, people are living longer - so it is crucial that their assets are preserved and that they will be able to obtain long-term care if necessary. The cost of this care could easily consume a client's assets if there is not a carefully drafted estate plan in place.

This seminar will give you the skills required to create an estate plan that meets your clients' needs. Confidently create the right estate plan, including the use of planning vehicles to shield assets. Focus on planning for long-term care and health care costs and knowledgeably help clients through the process of qualifying for Medicaid. Properly and tactfully handle ethical considerations with your clients during what can be a difficult time for them.

Make sure your elderly clients are cared for!

Ensure that the client's wishes will be carried out - through appropriate asset titling, the will, a durable power of attorney and advanced directives.
Preserve the client's assets through the use of irrevocable trusts, annuities, life insurance, retirement accounts and gifting methods.
Avoid ethical problems such as conflict of interest between the spouses' interests.
Differentiate between Medicare and Medicaid, and understand how your client can qualify for Medicaid.
Advise clients on how to legally dispose of excess assets and how this "spend down" requirement affects Medicaid eligibility.
See sample forms and letters you can use in drafting an estate plan.


	Agenda
	WHAT TO DO WHEN A SPOUSE IS CONFRONTING HEALTH ISSUES - THE ESTATE PLAN Eileen M. Schock, 9:00-10:30 Client Interview How to Draft the Plan Asset Titling - Deed, Bank Accounts, and Life Insurance Changing the Will to Exclude the Disabled Spouse Durable Power of Attorney - Gift Giving Power Advanced Directives Sample Forms and Letters HOW TO PROTECT AN ELDERLY CLIENT'S ASSETS Rajiv Nagaich, 10:45-12:00 Drafting the Irrevocable Trust Impact of Medicaid Issues in Drafting Trusts Life Estate Deed With/Without Powers of Sale Using Annuities, Life Insurance and Retirement Accounts in the Estate Plan Revocable vs. Irrevocable Life Estates - Current Gifting Guidelines Income Tax Traps with Gifts Avoiding the Pitfalls of Guardianships INSURANCE TO FUND ALL OR PART OF LONG-TERM CARE COSTS Rajiv Nagaich, 1:00-1:30 What is Long-Term Care? Costs of Care and Funding Sources Understanding Long-Term Care Insurance Benefits ETHICAL CONSIDERATIONS WHEN REPRESENTING THE ELDERLY CLIENT Rajiv Nagaich, 1:30-2:30 Acting Within the Lawyer's Expertise Avoiding Conflict Between Spouses' Interests Competency of the Client Maintaining Due Diligence in Completing Paperwork When Representing the Elderly or Ill Client QUALIFYING FOR MEDICAID LONG-TERM CARE PROGRAMS Kristin Lillquist-Reeder, 2:45-3:45 Where Medicare Stops and Medicaid Begins Overview of the State Medicaid Programs Categorically vs. Medically Needy Medical Criteria - Level of Care Required to Become Eligible Assisting a Client's "Medical Need" and Level of Care for Medicaid Qualification Purposes Medicaid Planning Techniques Financial Criteria for Single and Married Applicants Exemptions for Protecting the Family Home Qualified Medicare Beneficiaries PRESERVING FAMILY ASSETS WHEN QUALIFYING FOR MEDICAID Kristin Lillquist-Reader, 3:45-4:30 Most Common Medicaid Misconceptions Implications of Gifts During the Look Back Period Options for "Spenddown" of Excess Property - Unique Problems Associated with Disposal of Excess Assets Myths About the "Spenddown" Requirement Protecting Assets for a Disabled Child Retroactive Benefits Estate Recovery


	Audience
	This basic-to-intermediate level seminar will teach you how to create effective estate plans for elderly clients, especially in light of their health issues. Attorneys, paralegals, estate planning and elder law practitioners, social workers, nursing home administrators, financial planners, accountants, and others who regularly handle these issues should plan to attend.