Changes in NY Medicaid Home Care Program | Estate Tax Planning

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Financial Considerations: Are there Sufficient resources to pay for the senior's care?

2 mins
Long Term Care Insurance

11 mins
Medicaid Planning

12 mins
Overview of the Medicaid Asset and Income Requirements

15 mins
Before we get to Nursing Home Care

25 mins
New home Care Rules

29 mins
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

Course Qualification

Webinar Qualifies For

1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
1 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0445)
1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
1 CE Credit for Certified Senior Advisor (CSA)
1 CE Credit of Federal Tax Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-00444-21-S)
1 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
1 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
1 CPD Credit for Trust and Estate Practitioners (TEP)
1 CE Credit of Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-00444-21-S)
1 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-00444-21-S)
1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1 CE Credit for Certified Wealth Strategist (CWS)
1 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

1
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Elizabeth Forspan

Accounting Manager, FORSPAN KLEAR LLP

Elizabeth Forspan is the Managing Attorney of the law firm Forspan Klear LLP. Elizabeth’s areas of practice include Elder Care Planning, Estate Planning and Taxation. She regularly assists clients in achieving their Medicaid Planning goals in a tax efficient manner through practical and considerate planning techniques.

Elizabeth often lectures on various aspects of Elder Care Planning, Tax Law and Estate Planning. Elizabeth recently lectured on the Income Taxation of Trusts and Estates for the National Business Institute as well as Key Elder Care Planning Issues for the New York State Society of CPA’s Annual Estate Planning Conference in New York City. Elizabeth has also written and lectured extensively on the topic of Casualty Loss Deductions. Elizabeth co-authored the award winning cover article for the February 2013 edition of the CPA Journal entitled “Casualty Losses for Property Damaged by Hurricane Sandy.” In June of 2014, Elizabeth was the recipient of the prestigious Max Block Award for Outstanding Article in the Category of Technical Analysis, awarded by the New York State Society of Certified Public Accountants’ CPA Journal for her article on casualty losses.

About Company

FORSPAN KLEAR LLP

www.forspanklear.com/

Forspan Klear LLP is a law firm with a focus on Wills & Trusts, Elder Law/Medicaid Planning, Special Needs Planning, High Net Worth Estate Planning, Probate and Estate Litigation. Serving NYC, Nassau, Suffolk, Rockland and Westchester. ATTORNEY ADVERTISING.

Faq

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