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Medicaid Planning Basics: A High-Level Overview of Crisis and Advance Planning
August 20 @ 12:00 pm – 1:00 pm EDT
Webinar Description
This course is designed for elder law and estate planning attorneys looking to enhance their ability to support senior clients with long-term care planning. Participants will gain a comprehensive understanding of the Medicaid program, focusing on proactive and crisis planning strategies. The course will explore the role of a well-structured estate plan and the use of irrevocable trusts in facilitating proactive client strategies.
Key topics include:
- Introduction to Medicaid Eligibility: Understand the criteria and process for Medicaid qualification.
- Medicaid Compliant Annuities: Learn the definition, requirements, and strategic application of Medicaid Compliant Annuities, particularly in alignment with the Deficit Reduction Act of 2005.
- Funeral Expense Trusts: Explore how Funeral Expense Trusts can serve as effective planning tools.
- Other Irrevocable Trusts: Irrevocable trusts are often used to plan ahead for Medicaid qualification. We will introduce various features of these trusts designed to protect families and minimize overall taxation.
- Case Studies: Examine real-world scenarios that demonstrate how crisis planning tools like Medicaid Compliant Annuities have expedited eligibility for the Long-Term Care Medicaid Program, even when clients are already in nursing homes.
By the end of this course, attorneys will be equipped with the knowledge and tools necessary to navigate the complexities of long-term care planning, ensuring optimal outcomes for their senior clients.
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Continuing Education Credits
InterActive Legal is not an approved Continuing Education (CE) Sponsor. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by the webinar sponsors.
Webinar Sponsors
Speaker Bios
Jim Wolverton is the Director of Legal Education for Krause Financial. He is responsible for creating, curating, and promoting high-quality content related to the estate planning and elder law industry. He also plays a primary role in designing and maintaining a robust education and content calendar for Attorney Access and works directly with attorneys to promote and illustrate the benefits of Attorney Access to their practice.
Jim earned his Bachelor of Arts degree in Journalism from Utah State University and his Juris Doctor from the University of Oregon. Prior to joining the Krause team, Jim ran his own law firm and was the Director of Education at ElderCounsel, providing him with vital experience educating attorneys and helping them easily implement elder law tools into their practice. Jim He is a member of the National Academy of Elder Law Attorneys (NAELA) as well as the Colorado, Utah, and Florida Bar Associations.
Jim enjoys working with attorneys to find solutions for their clients, and he appreciates being able to utilize diverse solutions that require critical thinking and creativity. Since the dynamic of the elder law industry is constantly changing and the need for more elder law attorneys continues to grow, Jim is driven to use his knowledge and passion to educate attorneys. He values teamwork and honesty and is constantly seeking opportunities to learn.
Jim is originally from Salt Lake City, though he is currently based in Denver. Outside of work, he enjoys exploring the American West by hiking, skiing, backpacking, and mountain biking.
Teresa Bush joined InterActive Legal in 2007 and serves as Director of Education and Support Services.
Ms. Bush has been licensed to practice law since 1991, and focused her practice exclusively on issues of estate and gift tax planning, probate, charitable planning, and estate and trust administration. She began her practice in a small law firm, planning for clients of all levels of wealth. Thereafter, she practiced for a number of years in the Tax Section of Kelly, Hart and Hallman, P.C. in Fort Worth, Texas, and as an estate and gift tax consultant for the Dallas office of Ernst & Young, in both cases focusing on planning for very high net worth clients.
Ms. Bush received her J.D. from the University of Texas School of Law, where she was a research assistant for Professor Stanley M. Johanson. She studied at Edinburgh University and the London School of Economics prior to obtaining a B.A. in Economics and Political Science from Rice University in Houston. While studying abroad, she worked as an intern for a Member of Parliament in the British House of Commons.
Ms. Bush taught legal research and writing as a Teaching Quizmaster in law school, and later taught estate planning extension courses for American College of Financial Services CLU candidates. She has presented several online webinars on estate planning and drafting topics, and is the author or co-author of a variety of estate planning articles.