Assess the Efficacy of Key Medicaid Planning Tools in Specific Situations
The use of trusts and ABLE accounts in Medicaid planning is changing and is highly dependent on the specific circumstances of each client's case. Dive deeper into the two top Medicaid planning tools for a realistic view of what works and what doesn't when qualifying clients for nursing home care benefits. Weigh all the contributing factors to offer clients cogent and timely advice. Register today!
Determine when income-only trusts are a viable option for your client.
Avoid common drafting mistakes when using Special Needs Trusts.
Compare SNTs and ABLE accounts and determine when to use either or both.
Take estate recovery into consideration when planning for eligibility.
Who Should Attend
This legal guide is designed for attorneys. Accountants, nursing home administrators, wealth planners, trustees, and paralegals will also benefit.
Income-Only Trusts (IOTs) When Qualifying for Medicaid
Third-Party Special Needs Trusts and ABLE Accounts
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 1.50 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. No advanced preparation is required.Upon completion of this course, attendees should be able to: 1. Provide the definition of a special needs trust. 2. Explain what an ABLE account is. 3. Discuss Medicaid estate recovery rights.Field(s) of Study -- Specialized Knowledge.
JESSICA A. LIEBAU is a partner with Wessels & Liebau LLC in Mequon, Wisconsin. She focuses her practice primarily in the areas of elder law, special needs planning, guardianship, guardian ad litem, estate planning, and estate administration. Ms. Liebau is on the board of the Elder Law and Special Needs Planning Section of the State Bar of Wisconsin. She is a member of the National Academy of Elder Law Attorneys and the Association of Women Lawyers. Ms. Liebau currently serves as the editor of the Elder Law and Special Needs Journal of Wisconsin and is a member of the Trust Committee for Life Navigators, Inc. (formerly ARC of Greater Milwaukee). She earned her B.A. degree, summa cum laude, from St. Norbert College and her J.D. degree, cum laude, from Marquette University Law School. Ms. Liebau frequently presents on topics related to estate planning, elder law, and special needs planning.
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