Presented by: Amber (Gouin) Hinds, AshBer
IRAs and other retirement accounts can be tricky assets to plan with. More clients now have IRAs and other pre-tax retirement accounts versus large pensions to help pay for their care.
From a legal standpoint, pre-crisis planning typically involves transferring as many assets as possible into an irrevocable Medicaid trust and waiting out the 5-year look-back period. However, transferring these assets can subject your client to immediate tax consequences.
In this presentation, you will learn:
- How to effectively plan for IRAs and other retirement accounts
- Can you move these into the “non-countable assets” category for a Medicaid crisis client
- How insurance solutions may be able to help pay for long-term care in pre-crisis and crisis situations
