September 9, 2022
By: Anthony B. Ferraro
1. Wills and Trusts – September 28 at 6:00pm
2. Elder Law 101 – October 26 at 11:00am
3. Boomers and Seniors: Don’t Go Broke in a Nursing Home – November 30 at 6:00pm
4. Surprise! You have been named Executor and/or Trustee! What Do You Do Now? – December 28 at 11:00am
A full description of each lecture is below. All of these lectures will be FREE and will be offered virtually via Zoom.
To sign-up for these lectures please email email@example.com with your first and last name and the name of the lecture(s) you would like to participate in. A few days before each lecture you will receive a link for the live video presentation. Thank you and we hope to see you there!
Wills and Trusts
Wednesday September 28 at 6:00pm
Do you know what the similarities and differences are between wills and trusts? Which is more beneficial for you? Do you need a will, a trust, both or neither? In this class, we discuss various estate planning objectives to help you understand which estate planning tools (wills, trusts, both or neither) you may need because not everyone benefits from the same tools or strategies. We discuss the various types of asset and real property ownership and the pros and cons between each type of ownership. We discuss powers of attorney and other advance directives and lastly, we discuss preliminary income and estate tax planning strategies.
Elder Law 101
Wednesday October 26 at 11:00am
This class covers the legal issues and financial issues in elder law, the aging process, and the availability of governmental benefits for aging Boomers and Seniors. We dive deeper into the question of whether you need “senior” estate planning or “traditional” estate planning. Do you know the difference between the two and why it matters? We discuss various types of advance directives and their benefits such as powers of attorney for health care and powers of attorney for property. We discuss financial issues such as qualification and eligibility when pursuing certain governmental benefits related to aging. We provide an overview to certain aspects of Medicare, Medicaid, and other related benefits, and touch on Medicaid Asset Protection Planning and VA benefits planning. Lastly, we discuss common scams the elderly face that can arise from within the family and outside of the family.
Boomers and Seniors: Don’t Go Broke in a Nursing Home
Wednesday November 30 at 6:00pm
Do you know the difference between healthcare pre-planning and crisis planning? Do you know that the biggest financial threat to middle-class taxpayers is often the devastating cost of long-term care? This class is about Medicaid Asset Protection Planning for seniors and boomers and the requirements for eligibility and coverage from the Medicaid long-term care governmental benefit. We discuss how you’re able to provide for yourself, your spouse, and your loved ones with a “rainy day” fund so that your assets are protected, and you don’t go broke in a nursing home due to long-term care costs—leaving your family impoverished. We discuss how you can legally and ethically protect your assets to make the quality of your life better should you need to remain in long-term care for the remainder of your life. This class is equally applicable for single individuals as well as married couples. Learn how to protect your home, your spouse, disabled loved ones and all your loved ones from a complete spend down of assets due to the cost of long-term care.
Surprise! You have been named Executor and/or Trustee! What Do You Do Now?
Wednesday December 28 at 11:00am
In this class we discuss terminology that can be confusing such as probate, executor, fiduciary, intestacy, and more. We discuss an overview of probate estate administration and trust estate administration. Do you know the differences? We discuss opening, administering, and closing a probate estate and a trust estate. We discuss procedures that are common to all estates. We discuss estate and income taxation after there has been a death. We discuss what you must know and the responsibilities that you owe to other beneficiaries and creditors when you are the fiduciary of an estate and have never undertaken this type of responsibility before. This type of information is valuable so that you as an executor, trustee or administrator do not make mistakes for which you could be held personally liable.