Part III: Long-Term Care and Tax Planning

Part III: Long-Term Care and Tax Planning 

Everyone is at risk of needing long-term care and if the need arises it can upset the otherwise well planned retirement. We will explain the difference between Medicare and Medicaid and what they cover as well as the basic eligibility rules for Medicaid and Medicaid planning. It will also review some of the prior course material on planning for incapacity. The tax section of the class will provide an introduction to both estate taxation and estate tax planning (relevant to few taxpayers today) and the ins and outs of the tax on capital gain, especially the step-up in basis.