Agenda

Webinar instructions will be emailed before the date of the webinar.

Log into Webinar:                8:00 – 8:30 am EDT
Morning Session:                8:30 – 11:45 am EDT
Break:                                 11:45 am – 12:45 pm EDT
Afternoon Session:             12:45 – 4:45 pm EDT

Introduction and Overview of the Seminar
M. Womer
Long Term Care Insurance Options
K. Peabody

   Qualification and underwriting criteria
   Reimbursement vs. indemnity LTCI policies
   Long term care partnership policies; hybrid policies

Reverse Mortgages and Other Mortgage Options
S. Eastman

   Types of reverse mortgages – features; qualification
   Use of reverse mortgages to purchase a home
   What happens when the last mortgagor vacates the home?

MaineCare Long Term Care and Residential Care
M. Womer

   Asset and income limits; countable vs. noncountable
   Spousal impoverishment; MaineCare recipient’s cost of care

MaineCare Transfer Penalty and Estate Recovery
M. Womer

   Lookback period; transfer penalty; calculation; exceptions
   Payment of family members for caregiving
   What is estate recovery and what “estate” does it apply to?
   Exemptions and planning to avoid estate recovery

Proactive and Crisis Planning Techniques
M. Womer

   Third-party and testamentary supplemental needs trusts
   First-party special needs trusts, and pooled trusts
   Spend-down strategies and priorities
   Reverse half-a-loaf gifting
   Medicaid-compliant annuities and promissory notes; gifting

Medicaid Asset Protection with Irrevocable Trusts
M. Womer

   Grantor trusts vs. nongrantor trusts
   MaineCare treatment of revocable trusts
   Interested vs. independent trustees; distribution standards;
      spendthrift provision; trust protectors and designators
   IRC section 121 exclusion; “step-up of basis”; property tax

VA Pension and Veterans Asset Protection Trust
M. Womer

   Very brief introduction to VA pension benefits and eligibility
   Residence (grantor) trust and nongrantor trust for other assets

Webinar Instructions

Each webinar session earns continuing education credit and can be registered for individually. All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited.

Certificates of completion will be provided for each webinar attended and will be sent via email in PDF form about five business days after the conclusion of the series.

Webinars are presented via GoToWebinar, an easy-to-use application that can be run on most systems and tablets. Instructions and login information will be provided in an email sent close to the date of the webinar. It is highly recommended that you download, install and test the application before the webinar begins by clicking on the link in the email.

GoToWebinar App requirements: 
Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)

Web Browser:
The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled


Internet connection: Minimum of 1Mbps       Hardware: 2GB RAM or more

For more information, visit the Support section at www.gotowebinar.com

Credits

Attorneys
     6.67 Maine CLE Hours
     6.50 New Hampshire CLE Hours
     8.00 New York CLE Hours
     6.50 Vermont CLE Hours

Accountants
     8.00 CPE Hours

Continuing Education Credit Information

This seminar is open to the public. The Maine Overseers of the Bar has approved this program for 6.67 CLE hours for attorneys.

This course offers 6.5 CLE hours to New Hampshire attorneys. Educators and courses are not subject pre-approval in New Hampshire.

HalfMoon Education is certified by the New York State CLE Board as an Accredited Provider of CLE programs. This non- traditional format course offers 8.0 Areas of Professional Practice CLE hours, which are suitable to experienced attorneys. Please contact HalfMoon Education if financial assistance is needed.

HalfMoon Education Inc. is an accredited CLE provider in Vermont. This activity offers 6.50 CLE hours to Vermont attorneys.

This course offers 8.0 intermediate level CPE hours in the field of Specialized Knowledge to accountants. A background knowledge in health insurance is recommended, and no advance preparation is required.

HalfMoon Education Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org. Sponsor No. 103015.

Participation will be monitored and knowledge retention will be measured by a quiz that follows the presentation. Completion will be reported, as required. Completion certificates will be available after the webinar for those who complete the entire event and pass the quiz (multiple attempts allowed).

Speakers

Sharron Eastman

Big Horizon Mortgage / 207-REVERSE

Sharron Eastman is a reverse mortgage expert and owner of Big Horizon Mortgage and 207-REVERSE. She has helped Maine residents utilize reverse mortgage to complement their later life and retirement planning since 2003. Ms. Eastman has served the Maine Association of Mortgage Brokers board of directors as education and ethics chairperson, and she is a member of the National Reverse Mortgage Lenders Association. Her approved courses provide continuing education for realtors, financial planners, attorneys, and accountants across Maine. Ms. Eastman is an accomplished level 3 professional ski instructor, as well as an avid tennis and paddle tennis player. She can be reached at 207-REVERSE (207-738-3773) and www.207reverse.com and sse@bighorizonmortgage.com.

Kerry Peabody

Clark Insurance

Kerry Peabody, CLU, CLTC is a long term care, life & disability insurance agent with Clark Insurance in Portland, Maine. Mr. Peabody has specialized in long term care insurance and alternatives for nearly 25 years. He partners with attorneys and financial planners throughout New England, helping their clients to find affordable, practical solutions for the long term care dilemma.

Martin Womer

Maine Center for Elder Law

Martin C. Womer is an elder law attorney based in Kennebunk at Maine Center for Elder Law, a practice of Perkins Thompson, P.A. In 2007, he founded the Maine Center for Elder Law, LLC, which merged with Perkins Thompson, P.A., in September 2019. Mr. Womer received his B.A. degree, cum laude, from Colby College (1975), majoring in Chemistry, and his J.D. degree from the University of Maine School of Law (1997). He began his career as a research chemist, then later worked in real estate and land conservation, and chaired the Rockport, Maine, planning board and comprehensive plan committee. After attending law school, he worked as a senior planner at the Maine Land Use Regulation Commission, and then entered private practice of law. Taking care of his mother after the death of his father exposed him to elder law, which has been his focus since 2002. Mr. Womer has served several times as the chair or co-chair of the Elder Law Section of the Maine State Bar Association, for which he has taught numerous seminars since 2003. For eight years, he taught the legal-technical portions of ElderCounsel, LLC’s, intensive three-day course for attorneys, “Elder Law Immersion and Practice Building Camp”. He is active in the National Academy of Elder Law Attorneys, which has published two of his articles in NAELA News. Mr. Womer has served on the faculty of regional and national elder law conferences, and he has taught seminars for attorneys and related professionals hosted by continuing education companies. He is accredited by the Department of Veterans Affairs (Veterans Administration).