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Medicaid Planning Essentials: Where Good Estate Planning Equals Bad Elder Care

MEDICAID PLANNING ESSENTIALS: WHERE GOOD ESTATE PLANNING EQUALS BAD ELDER CARE

Cost Free
Presentation Length 1.0 hour

Recorded DateMarch 11, 2025
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaSpecialized Knowledge
Course LevelBasic
Course Description

This presentation will cover the potential pitfalls involved in elder care planning with regard to income tax planning. Our presenter will discuss how a tax practitioner can enact an elder care plan that is both tax efficient and achieves a client’s estate and income tax planning goals.

The content will include ways in which practitioners can assist clients in undoing prior plans that are ineffective or unhelpful in light of a client's changing situation and need for long-term care planning. This discussion will include a review of Medicaid rules, estate tax rules, and related income tax topics including a discussion of related trusts and estates.

Learning Objectives

  • Recognize a general outline of Medicaid planning

  • Evaluate the interplay between estate tax planning, income tax planning, and Medicaid planning

  • Identify the various income tax considerations involved in long-term care and Medicaid planning

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Forspan

Elizabeth Forspan is the Managing Attorney of the law firm Forspan Klear LLP. Elizabeth’s areas of practice include Elder Care Planning, Estate Planning, and Taxation. She regularly helps clients achieve their Medicaid Planning goals in a tax-efficient manner through practical and considerate planning techniques.

Elizabeth often lectures on various aspects of Elder Care Planning, Tax Law, and Estate Planning. Elizabeth recently lectured on the Income Taxation of Trusts and Estates for the National Business Institute and Key Elder Care Planning Issues for the New York State Society of CPA’s Annual Estate Planning Conference in New York City. Elizabeth has also written and lectured extensively on the topic of Casualty Loss Deductions. Elizabeth co-authored the award-winning cover article for the February 2013 edition of the CPA Journal entitled “Casualty Losses for Property Damaged by Hurricane Sandy.” In June of 2014, Elizabeth was the recipient of the prestigious Max Block Award for Outstanding Article in the Category of Technical Analysis, awarded by the New York State Society of Certified Public Accountants’ CPA Journal for her article on casualty losses.

About Our Presenter

Forspan
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