Navigating Medicaid Assets, Transfers, and Conversion Rules: Asset Limits, Level of Care, Exempt Assets, and More

Look Back Periods, Transfers and Gifts of Assets, Purchase of Exempt Assets, Conversion of Assets into Noncountable Assets

A live 90-minute CLE video webinar with interactive Q&A


Thursday, July 15, 2021

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, June 18, 2021

or call 1-800-926-7926

This CLE webinar will provide elder law attorneys an in-depth analysis of the Medicaid assets, transfers, and conversion rules, common challenges, and methods to overcome them. The panel will discuss strategies for navigating asset limits, level of care requirements, lookback periods, purchase of exempt assets, converting assets into noncountable assets, and more.

Description

Medicaid assets, transfers, and conversion rules cause much confusion amongst elder law attorneys. Practitioners advising the senior population must understand the medical criteria, qualification standards for Medicaid, how assets are classified, limitations, lookback periods, and rules for purchasing or converting assets.

The assets held by an applicant largely determine Medicaid eligibility, but not all assets are treated the same. Rules for married couples are particularly complex when implementing asset protection and spend-down strategies. Counsel with elderly clients must navigate applicable rules and asset limits, qualifying asset transfer requirements, methods to convert assets to noncountable assets, and key provisions for Medicaid trusts.

Listen as our panel of elder law attorneys guides counsel in navigating limitations, level of care requirements, lookback periods, purchase of exempt assets, conversions, and more.

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Outline

  1. Medicaid eligibility criteria
  2. Transfers and penalties
  3. Asset conversions
  4. Medicaid trusts and taxes
  5. Best practices for elder law attorneys

Benefits

The panel will review these and other key issues:

  • What are the Medicaid eligibility requirements?
  • What are the asset limits, level of care, and lookback periods?
  • How do transfers, gifts of assets, and purchase of exempt assets factor into Medicaid planning?
  • How can you convert assets into noncountable assets?
  • What are the key considerations for Medicaid trusts and tax implications?
  • What is the Medicaid penalty period for improper transfers?

Faculty

Brancato, Laura
Laura Brancato

Attorney
Littman Krooks

Ms. Brancato focuses her practice on elder law, medicaid planning, estate litigation and planning and special education...  |  Read More

Miller, Brian
Brian L. Miller

Attorney
Littman Krooks

Mr. Miller is an attorney who assists clients with various aspects of Elder Law, Estate Planning, Estate...  |  Read More

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Early Discount (through 06/18/21)

Cannot Attend July 15?

Early Discount (through 06/18/21)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include program handouts.

To find out which recorded format will provide the best CLE option, select your state:

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