Overview
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Financial Considerations: Are there Sufficient resources to pay for the senior's care?
2 mins
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Long Term Care Insurance
11 mins
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Medicaid Planning
12 mins
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Overview of the Medicaid Asset and Income Requirements
15 mins
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Before we get to Nursing Home Care
25 mins
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New home Care Rules
29 mins
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Outright transfer of Home Subject to Life Estate
51 mins
Course Description
On October 1, 2020, significant changes will come to New York’s Medicaid home care services program. The New York Legislature has enacted new restrictions on eligibility for Medicaid home care and other community-based long-term care services.
In this online Tax Update CPE webinar Elizabeth Forspan, Esq. will discuss the following Key Topics:
- New significant changes to New York’s Community-based Medicaid (Home Care)
- A new lookback period and other clinical changes.
- Review important Medicaid planning techniques, particularly in light of estate tax planning and gift tax planning.
- Review of the importance of irrevocable trusts and other techniques that should be considered in light of new Medicaid rules.
Due to these changes, as well as other potential changes that are still uncertain, it is recommended that anyone who may need Medicaid home care benefits apply prior to October 1, 2020.
Recommended for:
This Tax CPE webinar for CPAs is recommended for any professional or planner who works with clients on the retirement, estate or financial planning
Learning Objectives
- To examine the new changes to the New York Medicaid Home Care program
- To recognize the importance of advance Medicaid planning
- To disucss the new clinical changes to the home care program
- To examine how accountants, CPAs and financial advisors can assist their client in the long term care planning space
Recommended For
- This Tax CPE webinar for CPAs is recommended for any professional or planner who works with clients on the retirement, estate or financial planning
Who Should Attend?
- California Registered Tax Professional
- Certified Senior Advisor
- Maryland Tax Preparers
- Oregon Tax Preparers
- Personal Financial Specialist (PFS)
- Tax Accountant (Industry)
- Tax Attorney
- Tax Director (Industry)
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros
- Trust & Estate Specialist
- Trust & Estate Tax Professional