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

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

  How to Avoid Probate: Jointly-Owned Property

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

  How to Avoid Probate: Beneficiary Designation Property, Including Transfer on Death and Payable on Death Designations

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

  How to Avoid Probate: Life Estates

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

  How to Avoid Probate: Nominee Trust

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

  How to Avoid Probate: Revocable Trusts

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

  Irrevocable Trust for Medicaid Planning

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  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

  How to Avoid Probate: Single Person with Children

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

  How to Avoid Probate: Hypothetical: Married with Medicaid

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  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

  How to Avoid Probate: Hypothetical: Married Couple with Children

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  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

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  Panel
  

Chair

Faculty