On Demand
Unlimited

Critical Issues Facing Senior Clients

1h 1m

Created on March 27, 2017

Intermediate

$89

Overview

According to the U.S. Department of Health and Human Services, nearly 70% of people turning age 65 will need long-term care at some point in their lives. While realistically there is no way of predicting who will need to enter a nursing home or need in-home care, the reality is that many will. The fact that less than one third of Americans aged 50+ have begun planning for long-term care in any fashion is cause for concern.

Educating seniors and their families on the need for advanced planning is extremely important. There are a number of planning options available to shelter a client's assets from the cost of care (e.g., gifting of assets, utilizing an irrevocable trust, and/or purchasing long term care insurance), yet many in or approaching their elder years remain in the dark. Implementing these options prior to needing care is imperative.  

This course, presented by Anthony J. Enea, certified elder law attorney and managing member of Enea, Scanlan & Sirignano, LLP, offers an in-depth look at critical issues facing senior clients, including the cost of long-term care, Medicaid eligibility, and estate and gift taxes as well as advanced planning options and effective strategies for plan implementation.

Learning Objectives: 

  1. Understand Medicaid eligibility criteria
  2. Identify the most common components of asset protection planning
  3. Assess potential estate and gift tax issues
  4. Recognize effective strategies for protecting a client's assets

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