Safeguard the Financial Future of Elderly Clients
Middle class Americans seeking asset protection cannot afford to ignore the potentially devastating costs of nursing home and other long-term care. Nursing homes are among the most common and largest creditors an average American is likely to face in his or her lifetime, but only about 10% of the population has long-term care insurance. For the other 90%, Medicaid is the primary source of payment, so a basic understanding of the Medicaid asset protection process is vital for all professionals who work with seniors and their families. This course will provide an overview of asset protection concepts and strategies that elder law attorneys can use to legally and ethically protect assets while facilitating earlier Medicaid eligibility. Order today!
- Learn what the income and asset eligibility requirements are when applying for Medicaid.
- Protect your clients' interests by knowing what's exempt and what's not.
- Employ the most practical and effective asset transfer methods to comply with the spend-down requirement.
- Guide clients through the Medicaid qualification process by knowing what's involved.
1:00 PM - 2:30 PM Eastern Standard Time
Presenter: Caleb Lihn
- Income and Resource Eligibility
- Lookback Period and Transfer Penalty
- Understanding Exempt Assets
- Asset Purchase Strategies
- Asset Transfer Strategies
- Using Trusts for Medicaid Asset Protection
- Tax Considerations in Medicaid Planning
- Applying for Medicaid
- Available Practice Tools
This legal course offers Medicaid strategies that will benefit attorneys. It may also be of interest to social workers, geriatric care managers, insurance professionals and paralegals.