Uncovering “Hidden” Pre-Planning Opportunities is one of the biggest shocks from attendees at our Medicaid training is when they learn about the asset-to-income rule to qualify clients for Medicaid sooner. The Medicaid law states that, when the income of the community spouse of a Medicaid applicant is less than the minimum monthly maintenance needs allowance, then the community spouse may exempt additional assets needed to attain the minimum monthly maintenance needs allowance.
Said simpler, if the community spouse doesn't have enough income, they can exempt additional assets to ensure the necessary income is produced. This situation happens all the time, but the exemption is rarely used.
That's why Monday October 20-22nd we are hosting a 3 Day Asset Protection, Medicaid and VA CLE Program.
In this event we will be sharing crucial information such as:
● Why clients don't care how much you know, and what they want from you.
● There's no such thing as crisis Medicaid planning, and the preplanning you are missing out on is right in front of you.
● The key features and provisions of grantor, non-grantor, and pure grantor trusts and when to use each for asset protection, Medicaid and VA planning.
● The newest forms and procedures to file VA apps and appeals and receive timely decisions.
● Why annuities are often the "lazy-attorney" approach to Medicaid planning and what that method fails to consider.
● How to calculate whether an IRA should be liquidated and when not to use personal service contracts when Medicaid planning.
At a recent two-day summit we hosted with national veterans expert Victoria Collier, these were the biggest issues raised by your colleagues who attended. Are you prepared? Is your level of understanding in these areas sufficient to serve this growing marketplace? Here is what a few attendees said was the most useful to them:
"The most valuable thing about Day 1 was learning about asset to income rule."
— Carl, Baton Rouge, LA
"The worksheets and having a way to explain Medicaid planning to clients on their level was the most valuable part."
— Susan, Cypress, TX
"Was thrilled to learn there is no such thing as crisis planning and now I have so many more pre-planning opportunities I didn't see before."
— Lisa, West Palm Beach, FL
The asset-to-income rule is just one of several overlooked rules that are overlooked or not fully utilizes to help clients qualify for Medicaid. Feel confident using them in your practice! Click here to to join this must attend event to get the essential strategies you need to protect your clients.
See you there!
David J. Zumpano, Esq, CPA, Co-founder Lawyers With Purpose, Founder and Senior Partner of Estate Planning Law Center
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