How to Handle IRAs in Pre-Crisis & Crisis Situations

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