Using Irrevocable Trusts to Protect Assets

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Date/Time
Date(s) - 04/20/2021
10:30 am - 12:00 pm

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Course Title:  Using Irrevocable Trusts to Protect Assets

Dates:  Tuesdays, April 13, 20, 27, 2021

Time:  10:30-noon

Location:  Virtual

Fee: $15

Objectives:  There is great confusion over what happens to certain assets, such as a home or cabin, when long-term care arises.  Will you be forced to sell your home or cabin?  Will the state recover against these assets?  What do you do with your estate if one of your beneficiaries has a legal disability and is prohibited from having any assets of value?  This course will teach you the basic rules around long-term care and Medicaid and the steps you can take in advance to protect your most cherished assets.  This course will also teach you how to properly plan for leaving assets to a beneficiary that has a legal disability. 

Course structure:  The course will be given in 3 sessions, each 60 minutes long, covering the following topics:

Session One:   Basic Long-Term Care and Medicaid Rules

Session Two:  Using Irrevocable Trusts to Protect Assets from Nursing Home Costs

Session Three: Using Irrevocable Trusts to Leave Assets to Disabled Beneficiaries

Requirements: There is no requirement that attendees have any knowledge on these subjects,  nor are there any required readings.

Instructor:

Ryan J. Long is an attorney with Sturgul & Long, S.C. where he practices primarily in the area of elder law, which includes estate planning, nursing home planning, and Medicaid planning. As part of his nursing home planning and Medicaid planning practice, he focuses on asset protection.

Mr. Long received his bachelor’s degree in business management and philosophy, summa cum laude, from Hamline University School of Business in 2009.  He earned his juris doctor, cum laude, from Hamline University School of Law in 2012.  He is admitted to practice law in Wisconsin, Michigan, and Minnesota.  Mr. Long also serves on the Board of Directors for the Wisconsin Elder Law and Special Needs Section and the Minnesota Chapter of the National Academy of Elder Law Attorneys.