Learn how to address capacity issues, draft key documents, and navigate government programs for clients with dementia or Alzheimer’s.
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 estate planning options for individuals navigating a chronic illness.
- You will be able to explain to children or caregivers some commons misconceptions associated with chronic illness.
- You will be able to identify key documents for individuals with chronic illness.
- You will be able to recognize common estate planning tools used for individuals with chronic illness.
Agenda
Drafting Estate Planning Documents for Incapacity
- Powers of Attorney
- Gifting Powers
- Trust Powers
- Public Benefits
- Binding Arbitration
- Health Care Surrogates
- Living Wills and Advanced Directives
- Last Will and Testament
- Use of Spousal Support Trusts for Medicaid
Planning Ahead for Medicaid and VA
- Rules of Medicaid Eligibility
- Rules of VA Eligibility
- Irrevocable Trust Planning
- Crisis Planning Using Annuities and Promissory Notes
Speakers
Caitlin Kidd Leonard
Kentucky ElderLaw, PLLC
- Attorney at Kentucky ElderLaw, PLLC
- Primary practice areas are estate planning, probate, guardianship, and long-term care planning.
- Selected as a Rising Star with Super Lawyers
Who Should Attend
This live webinar is designed for attorneys, estate planners, accountants, presidents, vice presidents, CFOs, controllers, business owners and managers, tax managers, and financial planners.
