Estate Planning and Long Term Care

Evening Class @ Walled Lake Elementary School - Media Center

Estate Planning Basics AND Protect Your Assets from the High Cost of Long Term Care Classes


Estate Planning Basics - Class #W19309


Probate, long term care, and tax laws are constantly changing. Find out how to prevent your assets from going through probate, how to protect unnecessary taxation, how to retain control of your affairs, and how to protect yourself against the costs of long term care. DIscover the dangers of using joint accounts and quit claim deeds as estate planning tools. Learn about medical and financial powers of attorney, wills, “Ladybird” deeds and living trusts. Attendees will learn about how “gifting” can affect them and the recipient, including gift tax laws, capital gains tax laws, and the person’s eligibility for Medicaid and Veterans benefits. The class will cover recent changes in Michigan's real estate laws, which prevent the reassessment of the taxable value of the property for transfers to family members. Learn about Michigan's "Estate Recovery" law, whereby the State can seek repayment from a person's estate for governmental benefits paid, and ways to prevent that from happening. Attendees receive a Personal Affairs Organizer. Course taught by elder care law attorney, Christopher Lindsay.


Protect Your Assets from the High Cost of Long Term Care - Class #W19310


Did you know that 50% of people 65 years or older will spend some time in a nursing

home and that it costs $8,000 a month for such care? Because neither health insurance nor Medicare covers these costs, losing one’s life savings to such costs is a natural fear. This course discusses ways to avoid the nursing home; in-home care options, payment options, long term care insurance (LTCi), "new" alternatives to LTCi insurance, Veterans and Medicaid benefits, special needs trusts and more. Discover how federal law allows you to convert existing life insurance and annuities into "tax-free" long term care insurance benefits. There have been significant changes to the Medicaid and VA rules. For example, did you know that paying a caregiver can disqualify you from receiving Medicaid benefits? Learn about the VA's proposed rule changes, which includes a three-year gift "look-back period." Learn how to avoid the “Estate Recovery” law which seeks repayment from a person’s estate for benefits paid. Course taught by elder care law attorney, Christopher Lindsay.

6:00pm-8:00pm - Walled Lake Elementary - Media Center

Estate Planning Basics

CLICK ON Class #W19309 to register

Session(s): 1

Thursday, 1/31

6:00pm-8:00pm

Fee: $20


Protect Assets from High Cost of Long Term Care

CLICK ON Class #W19310 to register

Session(s): 1

Tuesday, 3/26

6:00pm-8:00pm

Fee: $20