Todd Lutsky, Esq., LLM & Tom McKinnon, Esq.
Cushing & Dolan Elder Law Centers
Last Minute Medicaid Techniques: Come learn How To:
- Protect the primary residence for married and single folks
- Make countable rental and vacation property non-countable
- Protect life insurance policies (whole life vs. term life)
- Protect excess resources with Pooled trusts and Medicaid annuities
- SJC Demody case discussionon annuities
- Differentiate Countable vs. non-countable assets
- Deal with the caretaker child exception, related rules, and recent fair hearing decisions
- Medicaid liens operation 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, Sole benefit trusts, Pooled trust operations and last minute planning
- Get a family worth $2.4 million eligible for Medicaid last minute if one spouse gets sick
Drafting & Taxation of Irrevocable Income Only Trusts: Come learn How To:
- How to Draft irrevocable trusts to withstand MassHealth’s scrutiny
- How Hirvi supports irrevocable trusts, administrative consistency and due process
- How Eligibility Operations Memo 20-04 operates and aids practitioners in trust drafting
- How Fournier v. Sudders reads and benefits to drafting these irrevocable trusts
- About other recent Fair Hearing Decisions
- How the Limited Power of Appointment operates
- Grantor trust rules for income tax purposes
- How 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 and shelter assets for estate taxes
- Eligibility Operations Memo 19-12 re-defining calculation of life estates, remainder values, and Medicaid and income tax consequences.
Testamentary Trusts, IRAs, and Life Insurance:
- How trust and transfer rules apply to testamentary trusts, their drafting and operation
- Benefits and Protections of naming the Estate as designated beneficiary vs. spouse
- Estate and income tax benefits of naming the Estate as the designated beneficiary of an IRA coupled with a Testamentary Trust vs. spouse as designated beneficiary
- Life Insurance and IRA’s: Medicaid protections and benefits of naming the Estate as the designated beneficiary, as well as estate tax benefits
- How to calculate RMD after naming Estate as designated beneficiary under Secure Act.
Includes Over 1,000+ Pages
Reference Manual Order Form