WHEN
March 22, 2018
6:00 pm
-
8:00 pm
WHERE @ SUF
Training Room
COST
Non-Members: 
FREE
Members: 
Included
Long Term Care & Asset Protection

Presented by Keith R. Miles, Esq.

In this workshop you will learn many of the common exemptions and planning strategies to assist individuals in preserving their Assets for their spouses or loved ones.

More info.

Many people would love to age at home surrounded by family. However, this may not always be possible depending upon either financial and/or health considerations.

There is only one government program that is designated to pay for the long-term nursing home care of a family member: MEDICAID.

The bills of over 50% of all nursing home residents are currently being paid by Medicaid. Many families fear having to spend down most of their assets to meet the stringent income and asset qualification rules. This does not have to be so if you know the rules and can plan accordingly.

In this workshop you will learn many of the common exemptions and planning strategies to assist individuals in preserving their Assets for their spouses or loved ones.

1. Did you know that Georgia is an "Income Cap" State and having just One Dollar more than the $2,250 limit would disqualify you, but there is a Qualified Income Trust or "Miller Trust" available to help you qualify?

2. Did you know that the spouse not going into the nursing home ("community spouse") in Georgia is entitled to a minimum monthly income of up to $3,090 in 2018 and income can be shifted from the nursing home spouse to meet that minimum?

3. Did you know that if you are single and your principal residence is a Georgia house or condo, it will be an excluded asset as long as the equity does not exceed $572,000? If you are married, it is excluded regardless of the value.

4.Did you know that a parent who needs help from a child can enter into a Caregiver Agreement that, when setup properly, can result in hundreds of thousands of dollars being transferred in to the child while still allowing the parent to qualify for Medicaid later without penalty?

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Featured Presenters

Keith R. Miles, Esq.
The Law Office Of Keith R. Miles, LLC
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Long Term Care & Asset Protection
EVENT CODE: 
LTAP322

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Long Term Care & Asset Protection
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