Medicaid Crisis Planning: Advanced Techniques for Preserving Assets After Nursing Home Admission
Leveraging DRA Promissory Notes, Community Spouse Resource Allowance and Medicaid Qualified Annuities
Recording of a 90-minute CLE webinar with Q&A
This CLE course will equip elder law attorneys with real-world, practical techniques to facilitate asset preservation for senior clients facing a Medicaid eligibility crisis.
Outline
- Minimization of the Medicaid “spend-down”
- Irrevocable trusts as a planning technique
- Conversion of countable assets to exempt assets
- Leveraging the Community Spouse Resource Allowance
- Deficit Reduction Act qualified promissory notes
- Medicaid qualified annuities
Benefits
The panel will review these and other key issues:
- What are the key planning strategies available to assist senior clients in the midst of a crisis period to preserve their assets while maintaining Medicaid eligibility?
- How can you leverage the use of the Community Spouse Resource Allowance, Medicaid qualified annuities and DRA qualified promissory notes for your client’s and his or her spouse’s benefit?
- What are the most practical and effective approaches for clients to convert Medicaid-countable assets to exempt assets?
Faculty
Marty Burbank, J.D., LL.M.
Atty
Law Office of Marty Burbank
Mr. Burbank focuses his practice in the area of estate planning, elder law and Veteran's Benefits. His... | Read More
Mr. Burbank focuses his practice in the area of estate planning, elder law and Veteran's Benefits. His background in healthcare, personal experience with elder care, the military and his knowledge of estate planning and tax law gives him the ability to provide his clients with creative options. He provides seniors, veterans and their families with care solutions and plans for protecting assets.
CloseJoley L. Eason
ThompsonMcMullan
Ms. Eason’s practice focuses on elder law and disability planning, estate planning and administration, and... | Read More
Ms. Eason’s practice focuses on elder law and disability planning, estate planning and administration, and fiduciary litigation. Prior to joining ThompsonMcMullan, she developed experience assisting seniors and their families in a variety of legal matters including seeking guardianship appointments, drafting estate planning documents, and resolving Social Security, Medicare, and Medicaid issues.
CloseDavid Goldfarb
Managing Partner
Goldfarb Abrandt Salzman & Kutzin
Mr. Goldfarb is a nationally recognized authority in the field of elder law, Medicare, Medicaid and the use of trusts... | Read More
Mr. Goldfarb is a nationally recognized authority in the field of elder law, Medicare, Medicaid and the use of trusts in health care planning. He is the co-author of the legal treatise New York Elder Law (formerly New York Guide to Tax, Estate & Financial Planning for the Elderly), (Lexis-Matthew Bender, 1999-2013). He is listed in New York Super Lawyers since 2008. He has been included in The Best Lawyers in America in the specialty of Elder Law since 2010, and named Best Lawyers’ 2014 New York City Elder Law “Lawyer of the Year.”
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