A pre-recorded streaming VIDEO replay of one session from the March 2015 live seminar, Drafting Special Needs Trusts and Medicaid Planning.
GAL for Incapacitated Persons Continuing Credits: 3.0
Note:Your GAL certificate may be found at the front of your written materials.
Obtain the tools you need to understand and use Medicaid rules effectively and confidently on behalf of your client.
75-year-old husband and 70-year-old wife. They own a house assessed at $200,000. Wife has an IRA worth $45,000. They have joint checking, savings, and other liquid assets worth $60,000. They own a hunting cabin in Surry County, Virginia, that is assessed at $40,000. Husband has $1,200 per month Social Security income and Wife has $500 per month Social Security income. Husband just had a stroke and likely will require continuous nursing home care for an extended period of time. They have 3 children. One lives locally and none of the children have any significant complications.
Are your clients concerned about how they are going to pay for long-term care in a nursing home? Unless they are able to afford more than $50,000–$100,000 a year to pay for the nursing home, they will need to do some long-range planning.
Are they worried about the level of care Medicaid will provide?
Are they worried about impoverishing the non-institutionalized spouse?
Review the rules for Medicaid eligibility and learn how to put them to use in fact-specific situations. Listen as Tim Palmer demonstrates specifically how to use the rules to for asset and income preservation allowed under Medicaid law. He will use different scenarios and discuss the Medicaid planning options available for each.
For example, Scenario #3: