skip to Main Content

The Effect of Gifting the Home

Webinar Recorded: September 20, 2016
Presented by Misty Clark Vantrease, JD
and Kelly Gannott, JD, Kentucky ElderLaw PLLC
Duration: 89 minutes

One of the most common questions any elder law attorney gets from a client is whether a home can be saved if long-term care and Medicaid or VA is needed. This webinar will explore when gifting the house is appropriate, the pros and cons of doing so, and how it can best be done, including using Medicaid and VA Asset Protection Trusts.

We will look at the residence and Medicaid rules for eligibility, the tax implications of transferring the home, and how Medicaid estate recovery fits into the equation. VA treatment of the home when applying for VA Aid and Attendance will be addressed, along with staying eligible if the home must be sold.

Saving the family home and getting needed long-term care benefits is a legitimate and often achievable goal, as long as the attorney is well-informed of the issues involved and armed with the tools to make the transfer a success.

 CLE: 1.5 hours

This course has been pre-approved: AR (1.5), CA (1.5), DE (1.5), GA (1.5), IL (1.5), KS (1.5), KY (1.5), MO (1.8), NC (1.5), NJ (1.5), NY (1.5), OH (1.5), PA (1.5), TX (1.5). Due to distance learning program rules, this course will not be accredited in: CO, SC, WI. Attorney will self apply in states not listed.

Many states have strict restrictions on pre-recorded (also called on-demand or distance learning) courses. Please review your State Bar’s rules and ElderCounsel’s CLE guide by state to determine if you are eligible to receive CLE for this course before viewing.

Receive CLE packet and attendance certificate: Near the end of the webinar, a button labeled “Receive CLE Packet” will appear in the top right corner of the video. You will be required to enter the attendance code given verbally during the program to download the packet. You will not be able to download the packet until you watch the webinar in its entirety. To ensure we are CLE compliant, the packet will not be distributed via email or any other method, it must be downloaded following the instructions above.

Oops! This content is for ElderCounsel Members only.
If you would like to view this content consider becoming and member of ElderCounsel today.

Already a Member?

Learn more about ElderCounsel Membership