Numerous issues have arisen due to the recent changes in Massachusetts estate tax rules. These recent changes, coupled with the constantly changing federal estate tax rules can be overwhelming. This seminar is designed to provide updated information to attendees on the MassHealth rules, estate recovery rules, Long-term care insurance, Massachusetts estate tax rules, estate planning considerations, and information and guidance on filing Massachusetts estate tax returns. This is one seminar you don't want to miss!
8:30 a.m. - 10:15 a.m.
I. MassHealth Rules Update
A. 2003 And 2004 Changes To Nursing Home MassHealth Rules
B. Proposed Changes To Nursing Home MassHealth Rules: The DMA Waiver Request
1. Proposed Change In Transfer Rules
2. Proposed Treatment Of Annuities
C. Changes In DMA Procedures And Application Of Bank Rate Monitor Index In
Calculating Increased CSRA
D. Changes To The Community MassHealth Rules
II. Expanded Estate Recovery
A. Overview Of The New Estate Recovery Rules
B. Unanswered Questions Raised By The New Rules
C. How The Rules Apply To Existing Life Estates, Direct Transfers And Trusts
D. Current Planning Options
E. Status On Repeal Or Delayed Implementation Of The Estate Recovery Rules
10:15 a.m. - 10:25 a.m.
10:25 a.m. - 12:00 p.m.
III. Long-Term Care Insurance
C. New State Regulations
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 2:30 p.m.
IV. New Estate Tax Rules
A. Review Of EGTRRA 2001
B. Review Of The 'Massachusetts Act'
C. Review Of M.A. DOR Directive 03-02
D. Impact On Existing Documents
E. Planning Considerations In Massachusetts
F. Gift Tax Considerations
G. Massachusetts Estate Tax Lien Release
2:30 p.m. - 2:40 p.m.
2:40 p.m. - 4:00 p.m.
V. Estate Tax Returns
C. Planning With Decoupling Of The Estate Tax And Under EGGTRA
D. Economic Growth And Tax Relief Act Of 2001
1. Considerations For The Terminally Ill
2. Considerations For The Disabled
3. Considerations For The Elderly Clients
E. Planning Strategies
4:00 p.m. - 4:30 p.m.
VI. Questions And Answers