Colorado Medicaid Planning Basics Out of Stock
Quantity
July 2012
Colorado Medicaid Planning Basics
ElderCounsel, LLC® is a membership organization that serves elder law, special needs planning and veteran's benefits planning attorneys across the country. ElderCounsel provides a document drafting system, education and practice-building support to its members. For more information, call 888-789-9908, or visit www.eldercounsel.com.
Program Highlights:
-Getting your Medicaid practice started
-Income Requirements
-Asset Requirements
-Asset Transfers - Penalty Period and Lookback Period
-Crisis Planning Strategies
-Putting it all together - Case Studies
Program Desription:
This one-day course will provide Colorado practitioners an in-depth look at the current Colorado Medicaid eligibility rules, including what constitutes income and assets for Medicaid purposes, the gifting rules, how to calculate a transfer penalty, and what gifts are allowed without incurring a penalty. Attendees will also learn basic Medicaid planning strategies as well as pitfalls to beware of when engaging in this type of planning.
Topics:
Getting your Medicaid Practice Started: Must-have Resources
-General Medicaid Eligibility Requirements
-Title XIX, 42 USC 1396, 42 CFR 430 - 456, POMS
-Colorado specific requirements
-Communicating with seniors and adult children
-How to Say it to Seniors, Solie
-Handouts & diagrams
Income Requirements
-Type of income counted
-What the community spouse may keep, calculating the Minimum Monthly Maintenance Needs Allowance
Asset Requirements
-Countable vs. Noncountable Assets
-Calculating the Community Spouse Resource Allowance
-Treatment of Trusts
Asset Transfers - Penalty Period and Lookback Period
-Transfers that create penalty periods and those that don't
-Spousal Transfers
-Curing Transfers
-Treatment of annuities
-Understanding the Lookback Period
Crisis Planning Strategies
-“Crisis planning” defined
-Purchasing exempt assets
-Paying off debt
-Exempt transfers
-Gift plus an annuity
-Protecting the home through tenant in common ownership, life estates or irrevocable trusts
Putting it all together - Case Studies
Attendees will work through basic fact patterns to determine what assets will be countable for Medicaid purposes, and what strategies would be appropriate to obtain Medicaid eligibility at the earliest possible date.
Faculty
Jan Lord
The Law Office of C., Jan Lord
Berthoud, Colorado
Jan Lord is the owner of The Law Office of C., Jan Lord in Berthoud, Colorado. A graduate of the University of Colorado School of Law, Jan has practiced law for 26 years. While she has broad legal experience, her passion for helping the elderly led her to the practice of elder law for the past 11 years. Having watched and assisted with her father's passing 11 years ago, Jan has the compassion, understanding and the ability to address the hard questions that arise for the elderly. The protection and transfer of wealth can be complicated and difficult; Jan is dedicated to providing legally sound and practical guidance in estate planning and long term care planning matters, including qualification for Medicaid benefits.
Tammy Conover, Esq.
Steenrod, Schwartz & McMinimee, LLC
Denver, Colorado
Tammy Conover, Esq., is an attorney with the Denver law firm Steenrod, Schwartz & McMinimee, LLC. Her practice is limited to probate litigation, including contested guardianship/conservatorship proceedings and breach of fiduciary duty actions, estate and trust administration, special needs planning and administration, and Medicaid qualification and planning. Ms. Conover is active in local and national associations, serving as Co-Chair and Legislative Liaison of the Executive Counsel for the Elder Law Section of the Colorado Bar Association, and is a member of the Steering Committee of the Guardianship/Conservatorship Section of the National Academy of Elder Law Attorneys. She is a frequent presenter in the areas of guardianship and conservatorship, Medicaid, estate planning and other elder law topics for numerous professional and community organizations. Ms. Conover is the author of the chapter Medicaid: Recognizing the Potential Hazards in your Practice published in Lawyers' Professional Liability in Colorado
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $329.00 USD
- Member Price $289.00 USD
- General Credits 8.00
- Ethics Credits
- EDI Credits