Protecting the farm: Medicaid and what farmers should know recording now available for viewing online
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EmailWatch the recorded webinar to learn more about Medicaid planning within farm estates.
Are you hoping to transfer your farmland to the next generation, but are unsure of how funding details will work concerning your long-term care? Check out our recorded webinar, “Protecting the Farm: Medicaid & What Farmers Should Know.”
During the webinar, attorney Libby Sanderson discusses how to transfer a farm while ensuring long-term care coverage for the exiting generation. Planning ahead is critical, particularly for farm owners hoping to qualify for Medicaid funding. This webinar covers the major issues and basic strategies used for Medicaid planning within farm estate transfers. Sanderson is an attorney at Sarah’s Law Firm, which is focused on estate planning, including farm transfers.
For viewers who want to search for specific content, use the following timeline:
- The video begins by describing Medicaid, what it covers and the differences between it and Medicare.
- The income and asset requirements of different Medicaid long-term care programs are described starting at 6 minutes 30 seconds, including what counts as an asset.
- Common issues related to property assets are discussed at 22 minutes 30 seconds, followed by some general Medicaid concerns.
- Sanderson talks about planning strategies starting at 32 minutes 58 seconds
- An example of a trust mechanism is explained starting at 38 minutes 4 seconds.
- The Q&A and discussion period starts at 44 minutes 40 seconds.
The recording is available for viewing anytime at https://www.canr.msu.edu/videos/protecting-the-farm-medicaid-what-farmers-should-know.
For questions, contact Chris Bardenhagen, MSU Extension Farm Business Management educator at bardenh1@msu.edu or 231-256-9888.
