The Bernstein Law Group recently held a workshop for Massachusetts accountants, financial advisors and life insurance professionals. The MAKING MEDICAID PLANNING A PROFITABLE PART OF YOUR PRACTICE workshop was held on Thursday, June 16, 2011 at the SpringHill Suites Marriott in Peabody, MA. At the workshop, Attorney Paul Bernstein provided a 2 hour course specifically designed to increase the professionals’ knowledge of Medicaid planning and the benefit to their practices . The workshop was intended to better inform attendees on a subject of growing concern to many clients and prospective clients. Topics covered included:
· Current Demographics: How to determine who needs Medicaid Planning
· Overview of Rules and Exceptions: Interrelationship of trust law, tax law and insurance products
· Planning Solutions: Legal, tax and non-legal (product) strategies to accomplish clients’ goals
· How to use this knowledge to benefit clients and increase income
Strategies to protect assets for both single persons and married couples using trusts, annuities, long-term care insurance and life insurance, all while minimizing gift and income tax consequences were discussed.