Trust Series 2020 - Residential Care Subsidy Update 2020 - 23 September 2020 (On Demand)

Description

Where to Now?

This webinar, which is relevant to all practitioners who advise clients regarding Residential Care Subsidy (RCS) applications or expectations, is presented by Vicki Ammundsen.

RCS applications have two components. The first is the means test. The second is the income assessment.

This webinar will start with an overview of the means and income assessment for RCS purposes and how these are conducted post-Broadbent.

This webinar will also consider:

  • excess gifting
  • exempt assets and income
  • how to address “creative” estate planning
  • the practical realities of long-term care and the likelihood of this being needed

Topics covered will also include:

  • do we know what Broadbent means yet?
  • what does the Trusts Act 2019 mean with respect to RCS?
  • is it possible to “un-gift”?
  • how to communicate complex trust structures to MSD, and
  • how to advise clients who want to know whether or not to retain the trust

This practical webinar, which will provide a detailed current overview of RCS targeted at practitioners who have clients requiring or anticipating long term residential care.

ORIGINAL BROADCAST DATE

23 September 2020

LEARNING OUTCOMES

This webinar will enable practitioners to competently advise clients regarding long term asset and estate planning and in many circumstances avoid costly structures that are ultimately ineffectual for Residential Care Subsidy purposes.

SUITED TO

All practitioners involved in long term asset and estate planning and advisors with elderly clients.

PRESENTERS

Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited

 

 

 

1.25 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $195.00 excl. GST

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One-connection-one-fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

All registrants to a live webinar will automatically be sent a recording at the end of that week along with a full transcript of the webinar, regardless of whether you attended or not.

Sole practitioners

A discount on webinars is available for sole practitioners. Please contact us at NZ‑learning@wolterskluwer.com to confirm eligibility.