Topics Presented at 2018 Senior Law Day Programs
Estate & Financial Planning
1. Estate Planning/Elder Law 101: Nuts and bolts of Estate Planning to Preserve Your Assets:
An overview of basic estate planning documents, types of trusts, asset preservation techniques, long-term-care and incapacity planning and methods to avoid or minimize estate and gift taxes.
There is no time like the present to make sure that your estate plan is up to date! This program will discuss Wills and Advance Directions, as well as asset protection and preservation techniques. View last year’s video presentation: (50 minutes)
2. Avoid 10 Greatest Gaffes in Estate and Retirement Planning:
This program will cover the most common mistakes people make regarding their estate, tax and retirement planning, including having out of date Wills, not updating beneficiary forms, and relying on social security to cover your financial needs in retirement. These mistakes can cause unnecessary delay, increase the possibility of conflict or litigation and be very costly to you and your heirs. Here is the presentation deck from the event.
3. Should I Use a Will or a Trust: Who’s Afraid of Probate? What to do When Someone Dies:
This presentation will explore the advantages and disadvantages of Wills and Trusts and also provide a brief overview of the probate process. The presentation will also answer questions related to probate, including what it is and how a Will is declared valid, what assets are governed by your Last Will and Testament, what assets are not governed by your Will, and what legal actions to take after a loved one passes away. Here is the presentation deck from the event.
4. Don’t Fear the Tax Man: Tax Considerations for Estate & Elder Law Planning:
The program is designed to help people understand the tax consequences of estate and various asset protecting planning techniques. A discussion of estate, gift and income tax laws will be discussed as relates to both estate and Medicaid qualification planning strategies.
5. Nuts and Bolts of Financial Planning: Making your money last through retirement:
It can be quite challenging to manage your life savings after retirement. However, with advanced planning, you can develop a strategy to help your hard-earned dollars last a lifetime. This program will help you to put a plan in place.
6. I Don’t Want to Talk About It: The Most Frequently Overlooked Aspects of Estate Planning:
This session will provide practical information regarding various areas of end-of-life planning including legal matters, financial planning considerations, and the value and importance of pre-planning funeral and cemetery arrangements.
7. Making it Easier to Care: How to Use a Power of Attorney and when to establish a Guardianship:
This program will discuss what happens when a family member becomes unable to make his or her own personal or financial decisions and will provide an overview of how to properly use a New York State Power of Attorney. This program will also discuss when a guardianship is necessary and the basis of filing for guardianship with the court.
8. Nuts and Bolts of Estate and Financial Planning:
A presentation on estate and financial planning for retirement. We cover societal and demographic trends, obstacles like taxes and low interest rates, and accumulation and distribution strategies to manage your life savings before and after retirement. We also provide an overview of basic estate planning documents, types of trusts, assets preservation techniques, long- term-care and incapacity planning and methods to avoid or minimize estate and gift taxes. With advanced planning, you can develop a strategy to help your hard-earned dollars last a lifetime.
9. Are you a Snow Bird? Are you Thinking about Enjoying Retirement in another State? Estate, Tax and Asset Preservation Considerations for a Dual Residence Client:
When it comes to planning for a dual residence client, many issues arise that require careful planning and knowledge about the legal particulars of both states. This program will cover estate planning, tax benefits and government benefits eligibility for people who have a home in two states as well as individuals who currently live in New York and are considering retiring to another state.
10. Understanding Your Social Security Retirement Benefits
This presentation will discuss the the legal and financial considerations to be made when deciding tot take your Social Security Benefits and emphasize the importance of proper timing. Many Americans think Social Security Benefits is simple and straightforward, often it is not. Just recently, a bipartisan budget act made some significant changes to Social Security laws about claiming retirement and spousal benefits. Making a mistake when selecting your benefit option can cost you thousands of dollars over the course of retirement. This presentation will also include maximizing your retirement Income Distributions as it relates to Social Security and other retirement sources. View last year’s presentation here!
11. Understanding the Basics of Retirement Plans and IRA Distribution Rules:
This session will discuss the basics of Individual Retirement Accounts (IRAs), 401ks and other Retirement Plans. We will review early withdrawal penalties, required minimum distribution rules and strategies to help make your hard earned dollars last throughout your retirement years. Here is the presentation deck from the event!
12. Financial Fitness for Seniors:
Financial Fitness for Seniors provides practical information about how to organize and manage your daily finances and personal affairs to stay independent longer. Participants will learn how to create a monthly spending vs. income worksheet so they will have a better handle on their finances. They will also learn about financial literacy, how to budget and how to navigate the internet while avoiding risk factors for scams.
Health Care Planning/Medicaid/Medicare
View last year’s program on the Nuts & Bolts of Medicaid Planning!
13. Take Charge: Planning in Advance for your Health Care:
What tools are available for making sure that your wishes are honored? This program will cover Health Care Proxies, living wills, the MOLST form and decision-making by family members. Law students can be made available to assist those who wish to sign health care proxies and living wills.
14. How Do I Pay for Long-Term Care? Planning With and Without Long-term Care Insurance:
This program examines the various options for financing long term care, including what is available from Medicare, the basics of Medicaid planning, and the use of Long Term Care Insurance. The topics of New York State Partnership policies and hybrid or combination policies will also be introduced. View last year’s presentation here!!
15. Getting it Straight: Medicare and the Affordable Care Act:
This session go over the ins and outs of Medicare and the Affordable Care Act, including information on the health insurance Marketplaces, the Doughnut Hole, and Medicare-covered preventive services.
16. Do You Need Home Care? How to Obtain Benefits from a Medicaid Personal Care Program:
This program will provide overview of the eligibility rules to qualify for Medicaid home care. It will also discuss how to protect your assets and income, advocate during the Conflict-Free Evaluation, and enroll in Medicaid Long Term Care (MLTC). Programs and benefits available from Medicaid will be explained.
17. Health Insurance Considerations on the Way to Retirement:
This presentation covers the basics of Medicare and then shifts to how Medicare works with COBRA, retiree plans, and the Affordable Care Act, for a pre-retirement audience.
18. Medicare Open Enrollment – Making Changes for Your Needs Now:
Do you know the importance of tracking the changes in your Medicare coverage? What does it mean to enroll in a Medicare Advantage Plan? When should you purchase a Medicare Supplement? How much coverage do you need? This program provides answers to questions about coverage for Medicare enrollees.
Emerging Topics in Aging
19. What are the Best and Most Affordable Housing Options As You Age?:
A review of home and community based housing options. This workshop will discuss traditional options, including assisted living, HUD subsidized housing and continuing care retirement communities, and explore some innovative options which assist seniors to remain in their own home.
20. Legal and Financial Planning for the Newly Diagnosed Dementia Patient:
Have you, your spouse or parent received a diagnosis of Alzheimer’s or Dementia? Now is the time you should start planning for the future. It is important to take the time to make decisions about matters that will affect health care and finances when you or your loved one can no longer manage them. This lecture will cover topics including legal and financial planning, guardianship, geriatric care management, caregiver resources (respite care, support groups), and end-of-life planning. Putting financial and legal plans in place now allows the person with dementia to express wishes for future care and decisions. It also allows time to work through the complex issues involved in long-term care.
21. How to Start the Conversation with Aging Parents: Adult Child and Parent Dialogues:
Discussing health, legal planning, housing or finances with a parent can be intimidating to everyone involved – but it doesn’t have to be. A Panel discussion on helpful tips on how to get the conversation started, keep the discussion positive and productive and end the conversation with a plan.
22. Smart Seniors/Smart Investors: Don’t Get Scammed!:
Learn How to Avoid Becoming a Victim of Investment and Financial Fraud. This program will cover the warning signs, how to identify common scams and frauds that target older adults, how to protect yourself and your family, and where to seek help if you’ve been victimized.
23. How to Avoid Common Scams That Target Older Adults:
The program will focus on common scams and frauds that targets older adults – the warning signs, how to avoid becoming a victim, and where to seek help if you think you’re a victim. There will be special emphasis on common telephone scams such as the “grandparent scam,” the “Internal Revenue Service scam” and the “foreign lottery scam.” The program will also cover issues such as identity theft and Internet safety. Seniors will be provided with “do’s” and “don’ts” to stay safe in their daily lives.
23a. NEW: Essential Online Health Information for Older Adults: How to find, use, and assess the online information you need. A review of essential sources of information for general health topics, medical literature, and comparison of health providers and services. Know where to go for what you need and discover practices that will keep you safe online. This program includes opportunities for hands-on Q&A. The program handout is linked here.
Programs Available in Spanish
24. Planificación de Estado: Testamentos, Cuidados Médicos y Finanzas:
Vamos a ofrecer información sobre la planificación financiera y preservación de los bienes, incluidos los poderes financieros, poderes médicos, testamentos, fideicomisos, impuestos, y seguros. También vamos a ofrecer información sobre la planificación de Medicaid.
25. Cobertura Básica de Medicare:
Información Básica de Medicare: Parte A & B, Parte C – Planes de Medicare Advantage (HMO/PPO), Parte D (Cobertura de las Recetas Médicas).