Learn how to plan for the risk that the Illinois estate tax might be assessed, even when the risk is a possibility rather than a probability. Consider several applicable estate planning techniques which will help reduce or eliminate the imposition of the Illinois estate tax for couples who have accumulated over $4.0 million of combined assets (including house, retirement benefits, life insurance, etc.). Understand portability under the federal estate tax.
Explore how Medicaid Compliant Annuities can be used to accelerate your client's Medicaid eligibility. This course offers an overview of the Illinois Medicaid program, defines the requirements of a Medicaid Compliant Annuity, and reviews two case studies showing this spend-down tool in action. Plus, you'll walk through the annuity sales process. Sponsored by Krause Financial Services.