Gain an overview of specific methods on estate planning for clients with dementia or Alzheimer’s disease.
According to the Alzheimer’s Association, nearly 5.7 million Americans are living with Alzheimer’s disease with that number expected to increase to over 14 million by year 2050. Estate planning attorneys will be encountering more and more clients with diminished capacity due to dementia and Alzheimer’s disease. The failure to acknowledge the unique risks of these diseases in estate planning can cost individuals and their families, personally, emotionally, and financially. This content helps estate planning attorneys recognize the issues regarding capacity that must be addressed with effective and thorough powers of attorney and health care advanced directive documents. This information will also cover the important rules for government programs that assist in the payment of long-term care and how to draft documents to accelerate eligibility, including avoiding and addressing estate Medicaid estate recovery issues. This information is critical for those working with clients with dementia or Alzheimer’s disease for effective and thorough representation.
Learning Objectives
- You will be able to discuss drafting estate planning documents.
- You will be able to identify how to plan ahead for Medicaid and VA.
- You will be able to review how to avoid Medicaid Estate Recovery.
- You will be able to explain life estates.
Agenda
Drafting Estate Planning Documents for Incapacity
- Powers of Attorney
- Health Care Surrogates
- Living Wills and Advanced Directives
- Last Will and Testament
Planning Ahead for Medicaid and Va
- Rules of Medicaid Eligibility
- Rules of VA Eligibility
- Irrevocable Trust Planning
- Crisis Planning Using Annuities and Promissory Notes
Avoiding Medicaid Estate Recovery
- Medicaid Estate Recovery Rules
- Beneficiary Designations and the Estate
- Joint Ownership of Property
- Life Estates
Question and Answer Session
Speakers
Misty Clark Vantrease,
Kentucky ElderLaw, PLLC- Partner at Kentucky ElderLaw, PLLC
- Focuses practice on estate planning, Medicaid planning and veteran’s pension benefits planning
- Past chair of the elder law section of the Kentucky Bar Association
- Board member of Greater Kentucky/Southern Indiana Alzheimer’s Association
- LL.M. degree in elder law, Stetson University; J.D. degree, Louis D. Brandeis School of Law at the University of Louisville; B.A. degree, Murray State University
Who Should Attend
This live webinar is designed for attorneys, estate planners, accountants, presidents, vice presidents, CFOs, controllers, business owners and managers, tax managers, financial planners, enrolled agents, and lenders.
