Prevent and Fix the Unintended Consequences of Gifts
Gifting assets is a useful strategy for qualifying clients for Medicaid. However, all too often those gifts will trigger a transfer penalty period or result in a hefty tax bill that could otherwise have been avoided. Join our experienced faculty for a look at gifting techniques, mistakes, and ways to cure them. You will also learn how to use Medicaid trusts and minimize the impact of capital gains and other taxes in Medicaid gift planning. Build your Medicaid planning knowledge - register today!
Review key Medicaid eligibility criteria, rules, and gift planning strategies.
Discover what to do about prior gifts that trigger a disqualification for Medicaid.
Learn how to incorporate trusts into your Medicaid and tax planning.
Uncover ways to minimize gift, capital gains, and income taxes.
Who Should Attend
This program is designed for attorneys. It will also benefit accountants, wealth managers, life care planners, and paralegals.
Top Gifting Mistakes Made by Clients and Attorneys
Capital Gains and Other Tax Planning Techniques
Medicaid Eligibility and Gifting Strategies Refresher
How to Cure Prior Gifts and Disqualifying Transfers
Medicaid Trusts: Planning and Tax Considerations, Design, and Funding
NBI, Inc. 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.This program is designed to qualify for 3.50 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint, refund and program cancellation, please contact our offices at (800) 930-6182.
This is an Intermediate level program presented in a group internet-based setting. Accountants should have a basic understanding of Medicaid planning. No advanced preparation is required.Upon completion of this course, attendees should be able to:1. Restate Medicaid eligibility criteria.2. List at least one example of a gift ruining Medicaid eligibility.3. Describe two ways to cure prior gifts.Field(s) of Study -- Specialized Knowledge.
David J DePinto is managing partner at DePinto Law, LLP, where he practices in the areas of trusts, estate planning, asset protection, charitable entities, business and succession planning for closely held businesses; estate and gift taxation; income taxation; elder law; guardianship; probate and administration of trusts and estates; and estate litigation; and also provides representation to guardians, trustees and other fiduciaries. Mr. DePinto is an NYS certified public accountant and a certified elder lawyer certified by the National Elder Law Foundation as accredited by the American Bar Association. He is the recipient of the Edith Blum Foundation Award for Excellence in taxation and the Professor's Award for Academic Achievement in taxation. Mr. DePinto earned his LL.M. Master of Laws degree from NYU Law School; his J.D. degree from Brooklyn Law School; his M.S. degree in taxation, with academic honors, from Long Island University CW Post; and his B.B.A. degree from Hofstra University.
Matthew J Leonard is counsel at Salter McGowan Sylvia & Leonard, Inc., where he has devoted his practice to handling the legal needs of individuals and their business interests through all stages of life, from basic to sophisticated estate planning, elder law, Medicaid planning, probate, trust and estate administration, real estate, business transactions, business creation, and related litigation. Mr. Leonard appears in probate and superior courts representing executors, administrators, guardians, trustees and beneficiaries. He appears before the Rhode Island Department of Human Services in support of client Medicaid applications. He is a frequent author and lecturer on various topics such as advanced estate planning, Medicaid planning, buying or selling a business, and the probate process. Mr. Leonard earned his B.S. degree from Providence College and his J.D. degree from Roger Williams University School of Law. He is admitted to practice in Rhode Island, Massachusetts and Florida, as well as the federal courts of Rhode Island, Massachusetts and Connecticut. He is a member of the Rhode Island and Massachusetts bar associations, and The Florida Bar.
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