This presentation will cover the potential pitfalls involved in elder care planning with regard to income tax planning. Our presenter will discuss how a tax practitioner can enact an elder care plan that is both tax efficient and achieves a client’s estate and income tax planning goals. The content will include ways in which practitioners can assist clients in undoing prior plans that are ineffective or unhelpful in light of a client's changing situation and need for long-term care planning. This discussion will include a review of Medicaid rules, estate tax rules, and related income tax topics including a discussion of related trusts and estates.

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