Estate Planning and Elder Law Primer: Basics of Medicaid Long Term Care Asset Protection Planning from Elder Law College

Medicaid is the #1 payor of long-term care in the United States. This course teaches the fundamentals of Medicaid long term care asset protection planning for lawyers starting with eligibility principles, state variation and then a strategy-by-strategy breakdown including the use of Medicaid asset protection trusts, annuities, avoiding the 5-year look-back period, pooled special needs trusts, treatment of the primary residence, exempt assets, caregiving agreements (personal service contracts), and spousal refusal. The session ends with an "Order of Planning" instruction.

This course is a part of the Elder Law College Estate Planning and Primer series on Lawline.

Learning Objectives:

1. Understand the three ways of paying for long-term care in the United States

2. Learning the broad architecture of Medicaid eligibility

3. Understanding client solutions, strategy-by-strategy, to convert countable assets to non-countable assets to qualify for Medicaid and keep the benefit of the client's savings

4. Understanding how to find your state variations

5. Having a step-by-step process for addressing client fact patterns