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Description
There are certain elder law and estate planning considerations that should be kept in mind for clients with chronic illnesses. Elder law counsel and estate planners must recognize key issues and challenges relating to maintaining public benefits, utilizing certain trusts, insurance, and other planning tools.
Generally, chronic illnesses or diseases are defined as conditions that last one year or more resulting in ongoing medical attention and limited daily activities. A well-crafted estate plan can provide for the care and finances of a chronically ill client. In addition, counsel must also understand the impact on a client's public benefits when establishing certain trusts or what trustee modifications may be required for existing trusts.
Listen as our panel discusses key provisions for trusts, releases, proxies, and other planning instruments, as well as key issues regarding Medicaid eligibility, investments, insurance, and other critical planning items.
Presented By
Mr. Arkin represents the elderly, the disabled and their caregivers in all facets of Elder Law including Estate Planning, Asset Protection Planning, Public Benefits, Incapacity Planning, Veteran Benefits, and Special Needs Planning. He gained a passion for helping the elderly after watching his own family struggle to afford the care his grandparents needed. Mr. Arkin witnessed how his family was harmed by misinformation regarding Public Benefits and the difficulties they had in navigating the governmental bureaucracy involved with obtaining Medicaid and Veterans Benefits.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Live Online
On Demand
Date + Time
- event
Wednesday, January 18, 2023
- schedule
1:00 p.m. ET./10:00 a.m. PT
Outline
- Impact of chronic illnesses on elder law and estate planning
- Elder law considerations
- Estate planning issues
- Challenges and planning opportunities for beneficiaries
- Best practices for elder law counsel and estate planners
Benefits
The panel will review these and other key issues:
- What elder law items must be considered for a client with a chronic illness?
- How can counsel best protect public benefits?
- What estate planning documents can help prepare for a chronic illness?
- How can certain trusts be used to pay expenses associated with a chronic illness?
- What pitfalls may arise when amending special needs trusts?
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