BarbriSFCourseDetails
  • videocam On-Demand
  • card_travel Family Law
  • schedule 90 minutes

Medicaid Planning and Funding for Long-Term Care: Eligibility Rules, Asset Protection Strategies, LTC Insurance

$197.00

This course is $0 with these passes:

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Description

One of the top priorities when considering options for funding long-term care is obtaining Medicaid eligibility. Elder law attorneys must understand the resource and income eligibility standards for Medicaid, how assets are classified, the impact of annuity rules for married couples and single individuals, asset transfer rules, long-term care insurance, and other key issues for Medicaid and long-term care planning. For some clients, Veterans Aid and Attendance can also be an important benefit that requires careful planning.

When it comes to Medicaid eligibility, not all assets are treated the same, and many people don’t know the difference between assets, resources, and income. Making it even more confusing is the fact that the rules for married couples are completely different than rules for unmarried individuals, and all the rules are extremely complex. In fact, many say that Medicaid is the most complex area of law, given that the United States Supreme Court has called the Medicaid laws “an aggravated assault on the English language, resistant to attempts to understand it.” Schweiker v. Gray Panthers, 453 U.S. 34, 43 (1981). Qualifying for Medicaid and Veterans Aid and Attendance requires careful attention to detail and advanced knowledge of the requirements and limitations involved.

Elder law attorneys must be familiar with Medicaid asset protection trusts and be familiar with applicable Medicaid rules, including asset limits, asset transfer requirements, methods to convert assets to non countable assets, utilizing long-term care insurance, estate recovery issues, and more.

Listen as Evan H. Farr, CELA, Partner at Farr Law Firm, discusses resource and income eligibility, issues regarding IRAs and annuities, determining the best methods for transfers and limitations, long-term care insurance, and other critical items and planning techniques for elder law attorneys.

Presented By

Evan H. Farr
Certified Elder Law Attorney, NAELA Council of Advanced Practitioners
Farr Law Firm

In addition to being one of approximately 500 Certified Elder Law Attorneysin the Country, Evan is also a Charter Member of the Academy of Special Needs Planners and one of approximately 100 members of theNAELA Council of Advanced Practitioners, selected for this honor by his fellow practitioners who are members of the National Academy of Elder Law Attorneys. A 4-time Best-Selling Author in the field of Elder Law and the Estate Planning and Elder Law monthly columnist forThe Practical Lawyer, Evan received his undergraduate degree in Psychology from the University of Pennsylvania in 1984 and his law degree from the College of William & Mary in 1987. Evan is widely recognized as one of the leading Elder Law, Estate Planning, and Specials Needs attorneys in Virginia, DC, and Maryland, and one of the foremost experts in the Country in the field of Medicaid Asset Protection and related Trusts. Evan has written articles for, been quoted by, or cited as an expert by numerous sources, including theEstate Planning Journal;Estate, Tax, and Personal Financial Planning; Trusts & Estates Magazine;theWashington Post;Newsweek Magazine;Northern Virginia Magazine;The American Institute of Certified Public Accountants, the American Law Institute, and the American Bar Association, and has been featured as a guest speaker on television and numerous radio shows, including Fairfax County TV Channel 16, WTOP Radio, the TV ShowProbate Nation, and Washington Post Radio. Evan has been named by SuperLawyers.com as one of the top 5% of Elder Law and Estate Planning attorneys in Virginia every year since 2007 and in the Washington, DC Metro Area every year since 2008.Since 2011, Evan has annually been named by Washingtonian Magazine as one of the top attorneys in the DC Metropolitan area, by Northern Virginia Magazine as one of the top attorneys in the Northern Virginia area, Virginia Lawyers Weekly among the “Leaders in the Law,” and by Newsweek Magazine as one of the top attorneys in the country. Evan has also been AV-Rated by Martindale-Hubbell since 2012 and listed in Best Lawyers in America every year since 2013. Evan is a nationally renowned author and frequent educator of attorneys across the U.S. As an expert to the experts, Evan has educated thousands of attorneys across the country by teaching hundreds of hours of Continuing Legal Education (CLE) courses for attorneys through numerous national and state-level legal organizations such as the National Academy of Elder Law Attorneys, the American Law Institute-American Bar Association, the National Constitution Center, myLaw CLE, the National Business Institute, the Virginia Academy of Elder Law Attorneys, the Virginia Bar Association, Virginia Continuing Legal Education, and the District of Columbia Bar Association. Clickherefor a listing of all past and current CLE courses that Evan has taught, and clickherefor a listing of all the legal treatises and legal journal articles Evan has authored. His publications include4 National Best Selling books in the field of Elder Law:How to Protect Your Assets From Probate PLUS Lawsuits PLUS Nursing Home Expenses with the Living Trust Plus®; theNursing Home Survival Guide, which provides valuable information and guidance to families dealing with the possibility of nursing home care and struggling to make the best decisions for themselves or their loves ones; andProtect & Defend, which Evan authored along with a host of other top attorneys across the country, and his latest book,Protecting Your Assets from Probate and Long-Term Care: Don’t Let the System Bankrupt You and Your Loved Ones.To learn more about all of Evan’s books, click on the button on the right-hand side of the screen labeled “Evan’s Books.” Evan has also authored dozens of articles that have appeared in the popular press and numerous scholarly publications for the legal profession, including two legal treatises published byALI-ABA and now available through the American Law Institute:Planning and Defending Asset Protection TrustsandTrusts for Senior Citizens.

Credit Information
  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Thursday, July 14, 2022

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Long-term care planning
    1. Levels of care
    2. Funding in-home care
    3. Funding nursing home care and Medicaid limitations
    4. LTC insurance
    5. Other funding options
  2. Medicaid eligibility
    1. Resource eligibility
    2. Income eligibility
    3. Transfers
    4. IRAs and annuities
    5. Other key items impacting eligibility
  3. Recent Medicaid updates and best practices for elder law attorneys

The panelist will discuss these and other key issues:

  • What are the sources of long-term care funding and their limitations?
  • What are the Medicaid eligibility requirements for nursing home coverage?
  • How can long-term care insurance be used and what are the limitations?
  • How do transfers, gifts of assets, and purchase of exempt assets factor into Medicaid planning?
  • What are the recent Medicaid updates and best practices for elder law attorneys?