Product Description

As estate planners, many of our client meetings begin with this statement: “I need a will and I want to avoid probate.” The first thing we explain is that a will, although critical to a complete estate plan, does not “avoid probate.” While there are several ways to avoid probate, some are better than others, depending on the client’s personal and financial situation. A probate avoidance technique that works for a standard estate plan might be detrimental for a Medicaid plan. In this new program, we discuss the various methods for avoiding probate, and the potential pitfalls with some of them in different situations. 

Agenda & Materials

• 12:00 - 12:05 pm

  Welcome and Introduction

  Jennifer Z. Flanagan, Esq., Mirick, O'Connell, DeMallie & Lougee LLP , Worcester
  
• 12:05 - 12:10 pm

  Jointly-Owned Property

  Jennifer Z. Flanagan, Esq., Mirick, O'Connell, DeMallie & Lougee LLP , Worcester
  
• 12:10 - 12:15 pm

  Beneficiary Designation Property, Including Transfer on Death and Payable on Death Designations

  Jennifer Z. Flanagan, Esq., Mirick, O'Connell, DeMallie & Lougee LLP , Worcester
  
• 12:15 - 12:20 pm

  Life Estates

  Elizabeth V. Newton, Esq., Mirick, O'Connell, DeMallie & Lougee LLP , Worcester
  
• 12:20 - 12:25 pm

  Nominee Trust

  Jennifer Z. Flanagan, Esq., Mirick, O'Connell, DeMallie & Lougee LLP , Worcester
  
• 12:25 - 12:40 pm

  Revocable Trusts

  Stephen L. Sobey, Esq., Shatz, Schwartz, and Fentin, PC , Springfield
  
• 12:40 - 1:00 pm

  Irrevocable Trust for Medicaid Planning

  Elizabeth V. Newton, Esq., Mirick, O'Connell, DeMallie & Lougee LLP , Worcester
  
• 1:00 - 1:05 pm

  Using DPA with Married Couples in Medicaid planning

  Stephen L. Sobey, Esq., Shatz, Schwartz, and Fentin, PC , Springfield
  
• 1:05 - 1:10 pm

  Break
• 1:10 - 1:20 pm

  Single Person with Children

  Stephen L. Sobey, Esq., Shatz, Schwartz, and Fentin, PC , Springfield
  
• 1:20 - 1:35 pm

  Hypothetical: Married with Medicaid

  Elizabeth V. Newton, Esq., Mirick, O'Connell, DeMallie & Lougee LLP , Worcester
  
• 1:35 - 1:40 pm

  Hypothetical: DPA for Married Couple in MassHealth Context

  Stephen L. Sobey, Esq., Shatz, Schwartz, and Fentin, PC , Springfield
  
• 1:40 - 1:55 pm

  Hypothetical: Married Couple with Children

  Jennifer Z. Flanagan, Esq., Mirick, O'Connell, DeMallie & Lougee LLP , Worcester
  
• 1:55 - 2:00 pm

  "Ask the Experts" Q&A Session and Key Takeaways

  Panel
  

Please Note

MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.

Chair

Faculty