A practical guide on care giving contracts and real estate issues for seniors - Help your elderly clients age at home
More and more elderly are choosing to live at home or with family members. However, without proper planning these decisions can create unintended tax and Medicaid eligibility problems.
- Learn how the family care agreement can be an effective means for insuring that your clients’ goals will be met
- Explore the advantages and disadvantages
- Pick up great drafting tips
- Understand the tax implications
- Gain a solid understanding of when and how to title real estate
- Be updated on these topics
- Family caregiver agreements
- Family reimbursement agreements
- Family caregiver exception to Medicaid transfer rules
- Life estates under the Deficit Reduction Act
- Agreements in relation to Veterans Administration aid and attendance
10 questions our faculty will answer:
1. Under what circumstances does a family caregiver contract make the most sense?
2. What tax implications are there to a family caregiver?
3. What does the “child caregiver exception” to the Medicaid transfer rules provide?
4. How should the payment to a caregiver be structured?
5. May the caregiver be a nonfamily member?
6. May Mom and Dad each purchase a life estate in the same real estate?
7. What is the effect of the sale of property subject to a life estate after a parent enters a nursing home?
8. Why should a life estate in Pennsylvania be treated as a “right to occupy” – and why does it matter?
9. May a parent transfer or gift back the life estate to the property owner after one year?
10. When and how can a life estate be used with a family care agreement to provide a residence and care for a parent?