| ELDER LAW INSTITUTE XVI:
Understanding the Elder Law & Medicaid Consequences of Estate Planning
This conference is now filled to capacity; we are on a waitlist status. Please call 617.573.8627 if you would like to be placed on that list
Please Note: This course has already
been held.
Date: Friday, March 05, 2010
Location: Suffolk University Law School, 120 Tremont St., Boston, MA
Time: 09:00 AM - 04:30 PM
Faculty
Schedule/Agenda
Registration Information
Unable to attend but are interested in the course materials?
Purchase Here! |
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More than ever, it seems the issues related to long-term care, Medicaid planning, elder law, and estate tax planning are overlapping. With changes in the economy and estate tax laws, clients who previously ignored long-term care issues and public benefits are asking for this planning component to be taken into consideration with their estate planning. It may be because they don’t qualify for long-term care insurance or that they are confused about the purchase options or types of policies available. Elder Law lawyers are increasingly seeing business owners and clients with large retirement plans. For many law firms and lawyers, this convergence of both planning areas took place years ago. For others, it is just happening. In some instances, elder law practitioners are reluctant to move beyond the public benefits arena in their planning expertise.
This year’s Elder Law Institute is designed to assist lawyers to see the big picture and to identify the interrelation of the various issues and understand how each impacts their clients. Working in a vacuum, or with blinders on is no longer a viable option. At the same time, there are traps for the unwary, potential malpractice claims, and missed business and planning opportunities which can be overcome.
Attend and Learn:
- What are the benefits of planning to apply for MassHealth versus planning to self-insure or rely on long-term care insurance.
- Whether estate tax repeal is here (or not) – what are the planning opportunities.
- The difference between commercial versus private annuities and when to use which. You’ll be surprised to learn of some pretty common planning techniques you might not have known about.
- The use of irrevocable trusts for Medicaid planning versus trusts for tax planning. These trusts are not inoperable, but your business might be if you don’t understand the subtleties necessary to draft them properly.
- How to identify traps for the unwary – the things you didn’t even know you didn’t know, and the potential problems you may be currently creating for your clients.
- About the business opportunities you’ve been missing because you don’t “practice that kind of law.” You really do, you just didn’t know it!
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Tracey A.L. Ingle, Esq., Chair
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Ingle Law, Southborough, MA |
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Rose M. Cain, Esq.
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Spirit Financial, LLC, Wayland, MA |
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David J. Correira, Esq.
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Correira LLP |
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Leo J. Cushing
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Cushing & Dolan, PC, Waltham, MA |
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Matthew J. Marcus, Esq., LL.M.
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Colucci, Colucci, Marcus & Flavin, PC |
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Robert J. Morrill, Esq.
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Gilmore, Rees & Carlson, P.C., Wellesley Hills, MA |
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Robert H. Ryan, Esq., LL.M.
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Estate Planning & Protection Law, P.C. |
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Francis X. Small, Esq.,
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President, MA Chapter of NAELA
Heaney and Small, LLP, Milford, MA |
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| S C H E D U L E / A G E N D A |
| 9:00 |
WELCOME AND INTRODUCTIONS |
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| 9:10 |
LONG TERM CARE AND MEDICAID |
- Medicaid v. Self Insurance
- Candidates for Long Term Care Insurance
- Introduction to Case Studies
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| 10:00 |
ESTATE AND GIFT TAX REGIME |
- Status of Federal Reforms
- Impact on Elder Law Clients
- Tax Planning Considerations
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| 11:30 |
ANNUITIES AND PLANNING |
- Commercial Annuities, When to Use Them, Tax Consequences and Case Law Trends
- Private Annuities, When to Use Them, Tax Consequences and Case Law Trends
- Novel Approach for Business Owners
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| 12:30 |
Lunch (On your own) |
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| 1:30 |
TRUSTS |
- Summary of Doherty Case
- Powers of Appointment, Why to Have Them and How to Use Them and Can you Have Them
- Irrevocable Trusts, The Difference between Defective Irrevocable Trusts for Tax Planning v. Medicaid Planning
- Balancing Tax Planning with Medicaid Regulations on Transfers
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| 3:30 |
LLCs AND FLPs |
- Drafting Concerns and Traps for the Unwary
- Tax Planning V. Medicaid Planning
- Controlling Trust Accounting Income and Taxable Income
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| Date: |
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Friday, March 05, 2010 |
| Tuition: |
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Tuition is $229; $179.00 for Suffolk alumni, attorneys admitted to the Bar after 2007, members of NAELA.
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| Refunds: |
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If for some reason you are not able to attend, you may send a substitute or call no later that the business day before to receive a refund less a $15.00 cancellation fee. Otherwise, you will receive the course materials.
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| Location: |
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Suffolk University Law School, 120 Tremont St., Boston, MA
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| Credit: |
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Approved for CLE Credit in RI, NH, VT, ME.
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Special
Needs: |
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If you have special needs addressed by the Americans with Disabilities Act, please notify us as soon as possible.
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| Scholarships: |
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Are available to any attorney employed in public service, or for whom attendance would otherwise present a financial hardship. Please submit your request to Peniey McClary at pmcclary@suffolk.edu .
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Directions to the Law School.
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Unable to attend but are interested in the course materials?
Purchase Here! |
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