An Introduction to Estate Planning and Paying for Long-Term Care

By the end of this course, each participant will be able to identify some of the most essential documents to any estate plan and how they can be used, including powers of attorney, wills, revocable trusts, and at times irrevocable trusts. Additionally, participants will have a good understanding of the long-term care rules and what happens to assets after long-term care arises. Participants will also leave this course with an understanding of important Medicaid planning and asset protection strategies.

Course structure:  The course will be given in 3 sessions, each 90 minutes long, covering the following topics:

Session One, February 14:

What are some of the most important documents for every legal adult to have regardless of age? We will discuss advance directives at length, including living wills, health care powers of attorney, and the declaration to health care professionals. Do-not-resuscitate orders will also be discussed.  Additionally, we will discuss the importance of a good financial power of attorney, especially as it pertains to long-term care planning.

Session Two, February 21:

This session will focus on the most common types of estate planning tools. We will discuss what a will accomplishes. We will further discuss various probate avoidance techniques, including the use of trusts. There will be an in-depth discussion on the use of revocable trusts, irrevocable trusts for asset protection purposes, and special needs trusts.

Session Three, February 28:

This session will address some of the most common questions that arise in the face of long-term care: What will happen to your home or cabin when long-term care arises? Will you be forced to sell any assets to pay for long-term care? Will the state recover against any of your assets? This session will focus specifically on summarizing the important long-term care rules and how the assets you own could impact future long-term care benefits. Medicaid planning and asset protection strategies will be discussed at length.

Instructor: Ryan Long (click link for bio or click bio link below)

Requirements: Participants should have an interest in learning about estate planning and how the long-term care rules interact with their own assets.

Offline Registration: Download PDF Registration Form, complete and mail in with payment.

Registration Questions? Contact us or call (715) 862-0201 or (906) 285-7517.