This year’s Institute features a series of programs on Elder Law. This series covers new developments in special needs planning, financing long-term care, improving the quality of life of elderly clients, and planning for IRA required minimum distributions.
Wednesday, January 24, 2018 (9:00 – 9:50 a.m.)
Will You Still Need Me, Will You Still Feed Me, When I’m Sixty-Four?
Bernard A. Krooks
Not sure that the Beatles were thinking about financing long-term care, but you and your clients should be! Seventy percent of Americans age 65 and older will need some form of long-term care during their lifetime. Unfortunately, the U.S. has no health insurance system for long-term care. To many, this comes as a rude awakening as their health declines and the need for care arises. This presentation will address the myriad of options available to people in need of long-term care, how to finance such care, and other issues that should be addressed during this process.
Wednesday, January 24, 2018 Special Session I-E (2:00 – 3:30 p.m.)
Beyond the Special Needs Trust: Essential New Developments in Special Needs Planning
Katherine N. Barr, Kristen M. Lewis, James M. McCarten
This panel will discuss new laws, regulations and options that estate planners must know to plan effectively for a secure quality of life for a person with a disability.
Wednesday, January 24, 2018 Special Session II-D (3:50 – 5:20 p.m.)
Problems, Problems, Problems. Your Older Clients Have Them, but Elder Law Can Help Solve Them
Bernard A. Krooks, Robert B. Fleming, Lawrence A. Frolik
The bad news is that during later life individuals often encounter legal problems arising from health concerns, long-term care, and the need for appropriate housing. The good news is that elder law often provides answers by crafting solutions that permit clients to live as well as possible in the last decades of their lives. The panel will discuss hypothetical, but realistic, problems often faced by older clients, and demonstrate how to “solve” or at least alleviate them, by applying the precepts and knowledge of elder law.
Thursday, January 25, 2018 Special Session IV-A (3:50 – 5:20 p.m.)
The Magic Age is 70½
Natalie B. Choate
At 70½ your IRA tax shelter becomes a tax nightmare. Help older clients minimize or eliminate RMDs. Plus, when and how to take RMDs, and where to take them from.