Historically one of the reasons people settled assets into a trust was to protect those assets in the event the person went into a rest home later in life. Join this practical webinar on ensuring trusts remain fit for purpose and helping clients avoid unintentionally jeopardising their eligibility for support. 

Entry into rest home care is not easy process for clients and their families, and they are often anxious about how they will pay for it. They need sound advice when determining whether an existing trust can help or hinder in making a successful application for a residential care subsidy. However, eligibility is often influenced by actions the parties make in the years prior, so eligibility should be considered at various points over a Trust’s life cycle.

Join Jeff Stringer, Senior Associate at Cooney Lees Morgan navigating trusts and residential care subsidies, including key issues that lawyers should consider when advising clients about winding up trusts, gifting, and applying for subsidies.

Learning Outcomes

Learning Outcomes

• Understand the asset and income thresholds and other relevant rules set by the Ministry of Social Development (MSD) 
• Confidently review the client’s financial and personal circumstances to be able to make an initial eligibility assessment and assist with submitting and progressing applications. 
• Identify circumstances and strategies that improve the likelihood of making a successful residential care subsidy application.
• What to do next if clients do or don’t qualify for support.

Who Should Attend?

This session is ideal for lawyers advising clients on trusts, elder care planning, and asset protection in the context of residential care subsidy eligibility.

Presenter

Jeff Stringer, Senior Associate, CooneyLeesMorgan