Paying for Long-Term Care in Missouri
Agenda
Webinar instructions will be emailed before the date of the webinar.
Log into Webinar: 8:00 – 8:30 am
Morning Session: 8:30 am – 12:15 pm
Break: 12:15 – 1:15 pm
Afternoon Session: 1:15 – 4:40 pm
The Silver Tsunami: An Overview of Paying for Long-Term Care
T. McCurdy
Coming crisis in providing and paying for long-term care for our aging population
Range of housing and care options for seniors
Methods used to pay for housing and long-term care, including private pay, long-term care insurance, Medicaid, and VA benefits
Role of elder law lawyers, financial planners, geriatric care managers, and certified senior advisers
Long-Term Care Insurance and Hybrid Products
T. Schulze
The challenges and evolution of traditional long-term care insurance
Hybrid life insurance with long-term care riders
Additional sources of long-term care coverage
Medicaid Eligibility and the Application Process
T. McCurdy
Non-financial eligibility requirements
Income eligibility
Asset eligibility
Keeping millionaires off of Medicaid – the look back period and transfer penalties
Understanding the application process
Medicaid Planning Options
T. McCurdy
Pre-need planning with irrevocable trusts
Permissible transfers that can be made without a transfer penalty
Purchase strategies to maximize the “spend-down” of assets
Payment strategies that avoid a transfer penalty
Methods to compensate children for providing care to their parents
Using Medicaid compliant annuities and promissory notes in Medicaid planning
Medicaid Planning for Married Couples – You Do Not Need to Get Divorced!
T. McCurdy
Division of assets – how much can the community spouse keep?
Planning strategies to implement the division of assets
Using the monthly needs allowance to help your clients
Understanding Special Needs Trusts and ABLE Accounts
S. Tucker
Benefits available to individuals with special needs
Types of special needs trusts and how they protect those benefits
Special needs trust administration to preserve benefits
ABLE accounts
Overview of VA Benefits for Long-Term Care
B. Quinn
Overview of VA benefits and eligibility requirements
Significant changes to eligibility for “aid and attendance”
Planning strategies for veterans
Webinar Instructions
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 can be downloaded in PDF form upon passing a short quiz. A link to the quiz will be sent to each qualifying attendee immediately after the webinar. The certificate can be downloaded from the Results page of the quiz upon scoring 80% or higher.
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Credits
Accountants
8.0 CPE Hours
Attorneys
8.0 Missouri CLE Hours
Continuing Education Credit Information
This seminar is open to the public and provides continuing education credit to accountants and Missouri attorneys.
The Missouri Board of Accountancy accepts CPE courses from providers that are members of the National Association of State Boards of Accountancy (NASBA) National Registry of CPE Sponsors. This course offers 8.0 CPE credit hours in the area of Specialized Knowledge. Experience in Medicare/Medicaid and/or long-term care insurance is beneficial, and no advance preparation is recommended.
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.
The Missouri MCLE Board has approved this event for 8.0 CLE hours for attorneys.
Attendance will be monitored throughout the webinar, and attendance certificates will be available following the successful completion of the webinar and the knowledge-retention quiz (multiple attempts allowed) that follows the instructional period of the webinar.
Speakers
Timothy McCurdy
Timothy F. McCurdy is an elder law attorney who practices at Lashly & Baer in St. Louis. Mr. McCurdy helps seniors protect their life-savings while ensuring access to the health care they need. He is a board member of the Missouri Chapter of the National Academy of Elder Law Attorneys. Mr. McCurdy is a frequent presenter on elder law planning, and he focuses his practice on Medicaid eligibility and planning.
Brian Quinn
Brian G. Quinn is the owner of Quinn Estate and Elder Law in St. Louis. He serves individual and business clients in a variety of legal matters, especially in the areas of estate planning, asset protection planning, Medicaid planning, VA benefits, and elder law. Mr. Quinn has assisted in the prosecution of hundreds of claims for government benefits, including veterans pension and Medicaid claims, on behalf of his clients. He has also assisted in training other attorneys throughout the United States in doing the same. Mr. Quinn is a recent president of the Missouri chapter of the National Academy of Elder Law Attorneys. he is a frequent lecturer on the areas of estate planning, asset protection planning, Medicaid planning, VA benefits, and elder law.
Timothy Schulze
Timothy B. Schulze, CLTC, is the owner and senior financial and life insurance advisor at Pioneer Wealth Management. Mr. Schulze has attained his certification in long-term care by exhibiting proficiency in long-term care services, Medicare, Medicaid, veterans benefits, self-funding, and long-term care insurance.
Sheri Tucker
Sheri J. Tucker is the founder and owner of Tucker Legal Services, LLC, where she practices in the areas of estate planning, elder law, and disability law needs. Ms. Tucker partners with The Down Syndrome Association of Greater St. Louis, giving to the organization each month to support families and individuals with disabilities. She is admitted to practice in Missouri and Arkansas, and before the United States District Court for the Eastern District of Missouri. Ms. Tucker is a member of the American Bar Association, the National Academy of Elder Law Attorneys, and The Missouri Bar. She earned her B.A. degree from Cameron University, her M.S. degree from East Central University, and her J.D. degree from the University of Arkansas.