Drafting Income-Only Trusts for Medicaid Eligibility and Tax Planning
Navigating Look-Back, Grantor Trust, Basis and Gift Tax Rules
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will provide elder law counsel in-depth guidance on using income-only trusts for the benefit of their clients’ Medicaid eligibility and tax planning needs. Our panel will discuss look-back requirements, income tax basis, gift tax rules and more.
- Look-back rules
- Impact of ACA
- Drafting best practices
- Tax benefits
The panel will review these and other key issues:
- How is an income-only trust beneficial for Medicaid eligibility purposes?
- How are the various and specific Medicaid eligibility requirements integrated in the income-only trust?
- What are the income and gift tax benefits of the income-only trust? What are the necessary drafting techniques to maximize benefits?
- How does the ACA affect the implementation of income-only trusts in the context of maximizing Medicaid eligibility?
Judith D. Grimaldi
Grimaldi & Yeung
Ms. Grimaldi has over 20 years’ experience as an elder law and estate planning attorney. Prior to practicing law,... | Read More
Ms. Grimaldi has over 20 years’ experience as an elder law and estate planning attorney. Prior to practicing law, she spent over a decade as a social worker, primarily assisting the elderly and disabled. She focuses her practice in the areas of estate planning, elder law, special needs planning, and the administration of estates. Her work includes the drafting of wills, various kinds of trusts and other succession planning documents as well as advising clients on the Medicare/Medicaid application process.Close
Kyla G. Kelim, Esq.
Aging in Alabama
Ms. Kelim focuses her practice on proactive planning involving those in need concerning Medicaid, Medicare and Social... | Read More
Ms. Kelim focuses her practice on proactive planning involving those in need concerning Medicaid, Medicare and Social Security. She is a nationally recognized speaker on nursing home Medicaid, Medicare and Social Security disability matters. She launched Aging in Alabama to help address the crisis in health care coverage facing seniors and their caregivers.Close