CECP
WHAT EVERY PROFESSIONAL SHOULD KNOW ABOUT ELDER CARE PLANNING
This course will assist
CPAs in advising their clients on the unique problems of the elderly client.
Topics include nursing-home care insurance, Medicare and Medicaid, Social
Security benefits, and estate-planning issues for the aged or incapacitated.
Major Topics
- Health insurance
issues -- Medicare benefits and eligibility issues, Part A hospitalization,
Part B medical
services, Part D perscription drugs employer-provided benefits, and COBRA requirements
- Life insurance
-- Viatical settlements and other issues
- Long-term care
insurance policies -- The pros and cons of new products in light of
new regulations; Medicare Plus accounts
- Medicaid -- Financial
eligibility, spousal responsibility, and asset planning
- Social Security
issues -- Eligibility, available benefits, timing of benefits, benefit
reductions, and strategies to maximize benefits
- Trust planning
for the elderly -- Surrogate decision making, power of attorney, guardianship,
revocable living trust arrangements, and Medicaid trust planning
- Estate planning
issues -- Gifts, trusts, and distribution planning for qualified plans
and IRAs
- Principal residence
planning -- Integrating the newest strategies with Medicaid
- Various living
arrangements for the retired person
Designed For: All CPAs who have elderly clients in
need of consulting on these very important issues.
Level of Knowledge: Basic
Field of Study: Taxes
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