Transferring Assets to an MCA: Execution, Timing, and Common Pitfalls to Avoid
ABOUT THIS WEBINAR
Be sure to check out this can’t-miss session featuring Collin Terry, MBA, CLTC! He will uncover the best practices to keep in mind—and common pitfalls to avoid—when transferring assets, including IRAs, employer-based plans, and non-qualified annuities, into a Medicaid Compliant Annuity (MCA).
This webinar is designed to help you understand the different processes required for different asset types and how to avoid costly delays in your client’s Medicaid eligibility. Collin will cover:
- How pre-tax accounts and deferred annuities are treated for Medicaid purposes, including distinctions between the applicant and the community spouse
- Methods for transferring these accounts into a Medicaid Compliant Annuity without triggering tax penalties
- A breakdown of transfer timing and how to properly coordinate with the Medicaid application
This deep dive will help you approach account transfers with confidence and ensure a smoother process for both you and your clients!
*1.0 hour standard CLE pending
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MEET THE PRESENTER
Collin Terry, MBA, CLTC
Compliance Director
As Compliance Director, Collin researches and communicates Medicaid policy and strategy updates—those that are vital to ensuring compliance and efficiency for our Medicaid Compliant Annuity cases. Each day, Collin focuses on providing quick and accurate responses to his team as well as our clients and always is willing to go above and beyond.
Collin started at Krause as a Benefits Planner in 2017. He holds a bachelor’s degree from the University of Wisconsin–Oshkosh and an MBA from Columbia Southern University.