2024 Medicaid Planning Update

Last Minute Medicaid Techniques: Come learn How To:

• Protect the primary residence for married and single folks;
• Make countable rental property non-countable
• Make countable vacation property non-countable
• Protect life insurance policies (whole life vs. term life)
• Protect excess resources through Medicaid annuities and pooled trusts.
• Differentiate Countable vs. non-countable assets
• Deal with the caretaker child exception, related rules, and recent fair hearing decisions
• Medicaid liens operate and how they can actually be a good thing
• The five year lookback period operates and related exceptions vs. the penalty period;
• Special needs trusts and sole benefit trusts operations
• Get a family worth $2 million eligible for Medicaid last minute when one spouse gets sick.

Drafting & Taxation of Irrevocable Income Only Trusts: Come learn How To:

• Draft irrevocable trusts to withstand MassHealth’s scrutiny;
• Frequent arguments made by MassHealth
• Eligibility operations memo 20-04
• Recent Fair Hearing Decisions and SJC Cases that support irrevocable trusts, Administrative, consistency and due process.
• Eligibility operations memo 20-04
• How the Limited Power of Appointment operates.
• Grantor trust rules for income tax purposes
• 26 U.S.C. section 1014 (a) and step up in basis works with these trusts
• Gift tax consequences of these trusts 26 CFR Section 25.2511(c)
• Estate tax consequences of these trusts including drafting of the marital and remainder shares to both protect assets and shelter for estate taxes;
• Eligibility operations memo 19-12 re-defining calculation of life estates, remainder values, etc

Testamentary Trusts, IRAs, and Life Insurance:

• How trust and transfer rules apply to testamentary trusts, how to draft them, and how they operate.
• Estate and Income tax benefits of naming the Estate as the designating beneficiary, calculation of RMD, and other benefits and potential pitfalls.

Tuition: $325.00 includes Print or PDF Materials Or Buy the Program Matierials of over 1,000 pages for $195.00

CEU .4

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To register call 978-468-6528 or download and fax registration form below

2024 Reservation Form