Medicaid Promissory Notes: Gift and DRA Compliant Transactions, Shielding Assets, Safe Harbors, Spousal Refusals
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide elder law counsel on the use of promissory notes to ensure Medicaid eligibility and effective long term care planning. The panelist will discuss tactics to avoid challenges in structuring gift and Deficit Reduction Act (DRA) compliant transactions, shielding assets, and converting to income while preserving Medicaid eligibility.
- Analyzing the promissory note strategy
- Structuring gift and DRA compliant transactions and key provisions
- Securing DRA promissory note safe harbor
- Using promissory notes for community spouses
- Promissory notes and spousal refusal
The panelist will review these and other key issues:
- What are the benefits of using a qualified promissory note for Medicaid planning and long term care?
- What are the key considerations in structuring gift and DRA compliant transactions and key promissory note provisions?
- How can applicants secure DRA promissory note safe harbor?
- How can qualified promissory notes be used with community spouses?
- Using promissory notes and the impact of spousal refusal options
- Best practices to convert client's Medicaid-countable assets to exempt assets
Misty Clark Vantrease
Ms. Vantrease assists older clients, their children and other family members, with Nursing Home, Medicaid,... | Read More
Ms. Vantrease assists older clients, their children and other family members, with Nursing Home, Medicaid, asset preservation, asset distribution, mental capacity, probate, Guardianship and other issues, both financial and non-financial. In addition, she drafts legal documents such as Wills, Powers of Attorney, Living Wills, Health Care Surrogates, and Care Agreements for clients and family members. She also speaks and teaches in a variety of forums.Close