Medicaid Planning: Strategies for preserving the home, protecting the spouse, aging, healthcare, and financial planning

Terry L. Garrett
Terry L. Garrett
The Garrett Law Firm, PLLC

Terry L. Garrett is board certified in elder and special needs law.

Kyla G. Kelim
Kyla G. Kelim
Aging in Alabama Elder Law Firm

Kyla Kelim is an elder law attorney and principal of Aging in Alabama, an elder law firm, in Fairhope, Alabama.

On-Demand: September 20, 2024
This class is included in the myLawCLE All-Access Pass

Subscribe to myLawCLEs All-Acces Pass...
Get this course, plus over 1,000+ of live webinars.
Learn More
MCLE Credit Information:

Select Your State Below to View CLE Credit Information

3 hour CLE
Tuition: $245
Training 5 or more people?

Sign-up for a law firm subscription plan and each attorney in the firm receives free access to all CLE Programs

Program Summary

Session I - Preserving the Home and Protecting the Spouse: A comprehensive guide to Medicaid planning for attorneys – Terry Garrett

This session provides attorneys with an analysis of Medicaid planning strategies for preserving the home and protecting the spouse. The session covers the basics of Medicaid, including its funding, administration, and benefits, as well as the eligibility requirements and application process. Attorneys will learn how to navigate the complex world of Medicaid planning, including the use of Transfer on Death Deeds, Lady Bird Deeds, and Qualified Income Trusts to avoid Medicaid Estate Recovery. The session also explores the importance of planning for the high probability of needing Medicaid benefits and how failing to do so can impose a greater burden on the applicant and their family, as well as the Medicaid program.

Key Topics:

  • Medicaid Basics
  • Preserving the Home
  • Protecting the Spouse

Session II - Aging, Healthcare, and Financial Planning: Mitigating the crisis – Kyla G. Kelym

So many people are living longer that it is almost inevitable that a healthcare crisis will occur that will land them in dire need of serious care, that costs a lot of money. As people are living better longer, many are working well past traditional retirement age and the mindset is that no planning is necessary for longer, which almost ensures a crisis will occur. Learn how to identify the crisis and devise strategies for you and your client to take control of the situation and provide alternatives to letting inertia take its course.

Key Topics:

  • Nature of the Crisis
  • Spot the Issues!
  • Cost of Care/Qualifying for Benefits
  • Protecting the Community Spouse
  • Taking Control of the Crisis
  • Avoiding Pitfalls

Closed-captioning available

Speakers

Terry L. Garrett_myLawCLETerry L. Garrett | The Garrett Law Firm, PLLC

Terry L. Garrett is board certified in elder and special needs law. A graduate of Columbia Law, she practices in Austin, Texas. She serves on the federal advocacy committee of the National Academy of Elder Law Attorneys and is on the board of the Texas Chapter. She is a member of the Texas Guardianship Association and the Estate Planning Council of Central Texas.

 

Kyla Groff Kelim_myLawCLEKyla G. Kelim | Aging in Alabama Elder Law Firm

Kyla Kelim is an elder law attorney and principal of Aging in Alabama, an elder law firm, in Fairhope, Alabama, and prolific regional and national speaker, dedicating her practice to topics of interest to seniors, their families, caretakers and professionals assisting them, to protect their life’s work. Mrs. Kelim provides consultation and advocacy for older Americans, their families, caregivers and professionals. The firm and aims to protect their clients’ life’s work by proactive planning and assisting those in need due to catastrophic illness or injury as they navigate the often-treacherous administrative schemes of nursing home Medicaid, Medicare and Social Security. Mrs. Kelim provides consultations throughout the Southeast United States. She is a prolific speaker and has practiced in Alabama and Florida for 31 years. Mrs. Kelim earned her B.S. degree from the University of New Orleans and her J.D. degree from Cumberland School of Law at Samford University in Birmingham, Alabama.

She lives in Fairhope with her husband, Patrick and their two sons, Payton and Pierce.

Agenda

Session I – Preserving the Home and Protecting the Spouse: A comprehensive guide to Medicaid planning for attorneys | 1:40pm – 2:40pm

  • Medicaid Basics
  • Preserving the Home
  • Protecting the Spouse

Break | 2:40pm – 2:50pm

Session II – Aging, Healthcare, and Financial Planning: Mitigating the crisis | 2:50pm – 5:00pm

  • Nature of the Crisis
    • Healthcare
    • Financial
    • Personal
  • Spot the Issues!
    • Unwise Financial Decisions
    • No Documents
    • No Planning
    • No Money
    • Bad Family Situation
    • Abuse
  • Cost of Care/Qualifying for Benefits
    • What Does it Cost?
    • How to Pay for It?
    • Identify/Qualify for Public Benefits
    • Coordination of Care/Medicare/VA Benefits/Long Term Care Insurance

Break | 3:50pm – 4:00pm

  • Taking Control of the Crisis
    • Reset the Snapshot
    • Alternatives to the Crisis
  • Avoiding Pitfalls
    • Fixing past problems
    • Avoiding future problems
    • Estate planning for the Community Spouse

#1 CLE Access Program

  • Over 1,000 Live CLE Webinars each year
  • All CLE webinars broadcasted in last 12 months
  • Programs covering over 35 practice areas
  • Hot topics & changes in the law
  • All formats: Live, Replay, and On-demand
  • Accreditation in every state

Access every CLE webinar,
every format, all year long!

myLawCLE All-Access Pass

only $395 yearly


Register Now

#1 CLE Access Program

  • Over 1,000 Live CLE Webinars each year
  • All CLE webinars broadcasted in last 12 months
  • Programs covering over 35 practice areas
  • Hot topics & changes in the law
  • All formats: Live, Replay, and On-demand
  • Accreditation in every state

Access every CLE webinar,
every format, all year long!

myLawCLE All-Access Pass

only $395 yearly


More CLE Webinars
Trending CLE Webinars
The Corporate Transparency Act Reporting Obligations
The Corporate Transparency Act Reporting Obligations
Law Offices of Jonathan H. (Jason) Warner, P.A.
On-Demand
IRS Penalty Abatement Made Easy
IRS Penalty Abatement Made Easy
Green & Sklarz, LLC
On-Demand
Gun Trust Law (2024 Edition)
Gun Trust Law (2024 Edition) Wed, October 23, 2024
On-Demand
Live Replay
Revocable Living Trusts from Start to Finish (2024 Edition)
Revocable Living Trusts from Start to Finish (2024 Edition) Wed, October 30, 2024
On-Demand
Live Replay
Lawyers Serving on Boards
Lawyers Serving on Boards Thu, October 17, 2024
On-Demand
Live Replay
Essential Accounting Principles Every Attorney Should Know
Essential Accounting Principles Every Attorney Should Know
LaPorte CPAs & Business Advisors
On-Demand
Creating a Trial Notebook: From A - Z (Including 1hr of Ethics)
Creating a Trial Notebook: From A - Z (Including 1hr of Ethics) Fri, October 18, 2024
On-Demand
Live Replay
Tax Opportunity Zones (2024 Edition)
Tax Opportunity Zones (2024 Edition)
Blank Rome LLP
On-Demand
Litigating Libel and Defamation Cases
Litigating Libel and Defamation Cases
Callahan & Blaine, APLC.
On-Demand
Will Drafting 101 (2024 Edition)
Will Drafting 101 (2024 Edition)
Partner, Davenport Evans Lawyers
On-Demand
Federal Indian Law 101 (2024 Edition)
Federal Indian Law 101 (2024 Edition)
Holland & Knight LLP
On-Demand
Upcoming CLE Webinars
Inside Secrets to Getting Rid of Tax Penalties (2024 Edition)
Inside Secrets to Getting Rid of Tax Penalties (2024 Edition) Wed, October 16, 2024
On-Demand
Live Replay
Medical Records A-Z: What attorneys need to know (2024 Edition)
Medical Records A-Z: What attorneys need to know (2024 Edition) Wed, October 16, 2024
On-Demand
Live Replay
Lawyers Serving on Boards
Lawyers Serving on Boards Thu, October 17, 2024
On-Demand
Live Replay
Creating a Trial Notebook: From A - Z (Including 1hr of Ethics)
Creating a Trial Notebook: From A - Z (Including 1hr of Ethics) Fri, October 18, 2024
On-Demand
Live Replay
Maritime Finance 101
Maritime Finance 101 Wed, October 23, 2024
Live Webcast
Gun Trust Law (2024 Edition)
Gun Trust Law (2024 Edition) Wed, October 23, 2024
On-Demand
Live Replay
Litigating Defamation Cases (2024 Edition)
Litigating Defamation Cases (2024 Edition) Thu, October 24, 2024
Live Webcast
Real Estate Law Fundamentals
Real Estate Law Fundamentals Tue, October 29, 2024
Live Webcast
Final Accounting: Estate administration essentials
Final Accounting: Estate administration essentials Tue, October 29, 2024
Live Webcast
Judicial Misconduct & Regulating Judicial Ethics
Judicial Misconduct & Regulating Judicial Ethics Wed, October 30, 2024
Live Webcast