Facing the Challenges of Caregiving
Family and friends often handle long-term care, leading to costly, unplanned decisions. Dr. McClanahan covers advanced caregiving planning, managing care logistics, and payment strategies.
Format
Webcast
NASBA Field of Study
Specialized Knowledge
Level
Intermediate
CPE Credits
1.5
Instructor
Carolyn McClanahan
Availability
3 months
Product Number
WC4669732
The majority of long-term care is provided by family and friends, including many of your clients, and it places a significant burden on them. Unfortunately, most families don’t plan for the logistics of caregiving in advance, leading to costly and reactive decisions.
In this session, Dr. Carolyn McClanahan will share her process for advance caregiving planning and what to do once a caregiving need arises.
She will discuss defining care goals, including helping families with advanced directive decisions, and offer resources for planning and paying for care, whether at home or in nursing facilities.
Once a long-term care need arises, patients often enter the “medical treadmill.” It’s crucial for families to understand the care trajectory and plan for each step, including hospitalization, home care, and care in rehabilitation or skilled nursing facilities.
Dr. McClanahan will cover:
- Hiring in-home caregivers
- Managing in-home care logistics
- Transitioning to nursing facilities
- Finding the right facility
- Ensuring appropriate care
Finally, she will address the logistics of paying for care, including:
- Filing long-term care claims
- Applying for state and local benefits
- Tax planning
This event is CFP-eligible.
Key Topics
- Understand the trajectory of care
- Providing for care in advance
- The nuts and bolts of paying for care
Learning Outcomes
- Determine what should be done in advance to plan for care needs.
- Calculate the care trajectory and how to navigate changing care needs.
- Analyze how to plan for care in the home.
- Determine how to find a facility and make sure the client is receiving the appropriate care.
Who Will Benefit
- Tax professionals who serve individual clients
- CPA financial planners and other professional financial planners
- Practitioners who provide tax, retirement, estate, investment, and/or risk management planning services
Group ordering for your team
2 to 5 registrants
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Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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