02.03.2022 - Annuities
Using Annuities to Accelerate Medicaid Eligibility
Presented by Dale Krause, J.D. LL.M.,
Here are ideas that the attendees learned from Dale:
| I took my CLTC class with Dale Krause about 10 years ago in Dallas and I was already pretty familiar with his strategies. But today was a great review and it helped me recall a lot! I did learn broadly that existing LTCi policies can be combined with this strategy and partnership LTCi policies will protect even more assets. |
| A great reason to review some existing retirement plan clients. |
| Food for thought on how to "reposition" assets to better meet funding requirements for long-term care. |
| Great to hear an expert, this topic is complex. |
| Very knowledgeable speaker. The topic is a complicated issue for most people and Mr. Krause did a great job explaining it. It was a lot to take in, and I could use more time to understand it all. |
| The gift/MCA strategy was very interesting - I was not aware of that. |
| The Medicare Compliant Annuity was a new concept for me. |
| The process of determining how to spend down an estate to qualify for Medicaid and the proper use of a SPIA |
| Using Medicaid compliant annuities in conjunction with a trust to protect all assets, not just excess amounts. |
| Various options for handling spend down and using annuities to meet the penalty periods |
| Very complex subject, and calculations will require some 'expert' assistance, but good to know this concept exists! |
No Comments added
