Elder Law Planning—March 10, 6 p.m.–7 p.m.
Presenter: Steve Kramer
Elder Law planning seeks to preserve your income and assets for use while you are alive. Elder law helps people navigate the increased complexity of state Medicaid rules and regulations and the soaring costs of nursing home stays. The fact that people are living considerably longer, one must plan for future health care needs through advance directives, such as durable powers of attorney and living wills. That way you can continue to maintain your lifestyle if you receive home care, or have the funds available to be as comfortable as possible if you enter a nursing facility.
Estate planning is primarily concerned with implementing your wishes and distributing your assets after you pass on, in the most efficient and tax advantaged way. The two go hand-in-hand. Without Elder law planning to preserve and protect your assets and income, you may find that you have no estate left.
In this webinar you will learn about:
- Power of Attorney–an important, powerful, and necessary planning tool
- Spousal Refusal–why one should not run out of money caring for an ill spouse
- Homecare Medicaid–eligibility rules, how to keep your loved one at home
- Income or Pension Trust–how to protect your assets as well as your income
- Veterans Benefits–eligibility requirements
- Trusts–how to protect your most valuable asset—your home
- Current Estate Tax Rules–how to develop an estate plan that will avoid probate
Whether you are planning for yourself or a family member, or simply preparing for unexpected, Elder Law Planning and Estate Planning are critical steps for the securing your future or that of a loved one and you should seek counsel as early as possible.