Medicaid Crisis Planning Techniques: Leveraging DRA Promissory Notes, Medicaid Compliant Annuities, and CSRAs
Recording of a 90-minute CLE webinar with Q&A
This CLE course will equip elder law attorneys with real-world, practical techniques to protect the assets of senior clients facing a Medicaid eligibility crisis due to a health condition that requires unaffordable nursing home care. The panel will outline strategies for clients to preserve assets using tools such as immediate annuities, Deficit Reduction Act (DRA) promissory notes, and the Community Spouse Resource Allowance (CSRA).
Outline
- Medicaid compliant annuities
- DRA qualified promissory notes
- Leveraging the CSRA
Benefits
The panel will review these and other key issues:
- Best practices to convert a client's Medicaid-countable assets to exempt assets
- Use of the CSRA, Medicaid qualified annuities, and DRA qualified promissory notes for the client and spouse's benefit
- How CSRA, annuities, and DRA promissory notes interact with each other in crisis planning
- Requirements for annuities and promissory notes to meet Medicaid standards for exclusion from countable assets
Faculty
Ann L. Fowler-Cruz
Principal
Cohen and Wolf
Ms. Fowler-Cruz's elder law practice focuses on long-term care planning, asset preservation strategies, Medicaid... | Read More
Ms. Fowler-Cruz's elder law practice focuses on long-term care planning, asset preservation strategies, Medicaid applications, disability planning, utilizing conservatorships/guardianship and special needs trusts. Her estate planning practice includes the creation of wills, trusts, and advance directives. She also handles probate administration. She is a Certified Elder Law Attorney by the National Elder Law Foundation and is accredited to practice before the Department of Veterans Affairs. She is a frequent speaker on elder law issues.
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Kyla G. Kelim
Attorney
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.
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