This CLE webinar will provide elder law attorneys an in-depth analysis of recent state legislation impacting Medicaid planning, assets, transfers, and common challenges, and methods to overcome them. The panelist will discuss strategies for navigating annuity rules for married couples and single individuals, asset limits, look-back periods, purchase of exempt assets, valuations in Medicaid asset planning, and more.
Medicaid planning assets, transfers, conversion rules, and recent state legislation cause much confusion amongst elder law attorneys. Practitioners advising the senior population must understand the qualification standards for Medicaid, how assets are classified, the impact of annuity rules for married couples and single individuals, look-back periods, and the valuation issues in Medicaid planning.
The assets held by an applicant largely determine Medicaid eligibility, but not all assets are treated the same. Rules for married couples are particularly complex when implementing asset protection and spend-down strategies. In addition, qualifying for nursing home care benefits under Medicaid requires careful attention to detail and advanced knowledge of the requirements and limitations involved.
Counsel with elderly clients must navigate applicable rules and asset limits, qualifying asset transfer requirements, methods to convert assets to noncountable assets, and necessary provisions for Medicaid trusts.
Listen as Melissa Negrin-Wiener, Senior Partner at Cona Elder Law, guides counsel in navigating limitations, annuity rules, look-back periods, valuation issues, purchase of exempt assets, conversions, transfer rules, and more.
