Medicaid Planning

General Description:

This course will explain the Medicaid system so the practitioner can identify Medicaid pitfalls as well as planning opportunities for clients who wish to retain assets and still qualify for Medicaid. Medicaid fundamentals will be introduced, along with planning techniques and where common mistakes are often made.

Learning Objective:

After completing this course the participant will be able to:

• Explain the basics of Medicaid for long-term care planning.
• Describe the "look back" rules.
• Identify assets considered available resources.
• Explain implications for the community spouse.
• Describe exempt assets.
• Describe spend-down planning.
• Apply planning strategies using trusts.
• Describe different types of trusts.
• Differentiate different trusts protect assets from being considered by Medicaid.
• Avoid payback to the State at the death of the applicant.
• Incorporate planning for estate recovery.
• Plan for the disabled child on Medicaid.
• Incorporate an IRA in spend-down planning.
• Plan with the home.
• Explain how gifts can allow sharing of the Medicaid applicant's assets.
• Evaluate long-term care insurance in Medicaid planning.

Instructors:

Janine A. Guillen is a partner with the law firm of Guillen DeGeorge, LLP. She has represented hundreds of clients for estate and business planning, trusts and estate settlement, incapacity planning, and litigation. She has taught continuing education seminars for CPAs, attorneys, and insurance professionals for 10 years and is a guest lecturer at the University of Denver College of Law. She holds a J.D., M.B.A., LL.M. in taxation, and B.S.N. in nursing. She is licensed to practice law in Colorado, New York, and before the U.S. Tax Court.

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