Estate Planning Techniques and Considerations for the Snowbird Population (OnDemand Webinar)

$199.00

SKU: 407043EAU

Description

Learn how to best advise your snowbird clients on current issues related to estate planning and health care across state lines.This topic will provide you a solid understanding of the multitude tax and legal considerations that a winter visitor will encounter, many of which are not readily apparent but can result in costly mistakes. In the aftermath of the COVID19 pandemic with state and local governments facing high deficits, winter visitors are likely to be tempting targets for cashstrapped states and municipalities. Advising clients to avoiding these dangers will be a very worthwhile endeavor for practitioners. Availability of health care is also a crucial issue for the elderly. Proper advice as to eligibility of Medicare and Medicaid when crossing states lines will also avoid expensive misunderstandings. The importance of updating powers of attorney to avoid wrangling over outofstate documents will also be discussed. This material will cover all of this is valuable information for the winter visitor.

Date: 2020-12-01 Start Time: End Time:

Learning Objectives

State Income Tax Issues
• Establishing Domicile
• The 183 Day Rule
• Avoiding Double Taxation at the State Level
• SALT Limitation on Deducting State Income and Property Taxes

Mortgages Deduction
• $750,000 Mortgage Debt Cap
• Standard Deduction vs. Itemized Deduction
• Moving Expense Deduction

State Estate Taxes
• Danger of Paying in More Than One State

Estate Planning Documents
• Problems With Out-Of-State POAs
• Trusts for Properties in Multiple States

Health Care Planning While Crossing State Lines
• Traditional Medicare
• Medicare Advantage
• Medicaid
• Recognition of Out-Of-State Guardianships

Requirements for Vehicle Registration in Winter State

Creditor Protection for Homesteads

Issues for Canadians Wintering in the United States

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Thomas J. Murphy-Murphy Law Firm, Inc.