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OnDemand Course

Estate Planning Techniques and Considerations for the Snowbird Population

Learn how to best advise your snowbird clients on current issues related to estate planning and health care across state lines.

This topic will provide you a solid understanding of the multitude tax and legal considerations that a winter visitor will encounter, many of which are not readily apparent but can result in costly mistakes. In the aftermath of the COVID-19 pandemic with state and local governments facing high deficits, winter visitors are likely to be tempting targets for cash-strapped states and municipalities. Advising clients to avoiding these dangers will be a very worthwhile endeavor for practitioners. Availability of health care is also a crucial issue for the elderly. Proper advice as to eligibility of Medicare and Medicaid when crossing states lines will also avoid expensive misunderstandings. The importance of updating powers of attorney to avoid wrangling over out-of-state documents will also be discussed. This material will cover all of this is valuable information for the winter visitor.

87 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

State Income Tax Issues

  • Establishing Domicile
  • The 183 Day Rule
  • Avoiding Double Taxation at the State Level
  • SALT Limitation on Deducting State Income and Property Taxes

Mortgages Deduction

  • $750,000 Mortgage Debt Cap
  • Standard Deduction vs. Itemized Deduction
  • Moving Expense Deduction

State Estate Taxes

  • Danger of Paying in More Than One State

Estate Planning Documents

  • Problems With Out-Of-State POAs
  • Trusts for Properties in Multiple States

Health Care Planning While Crossing State Lines

  • Traditional Medicare
  • Medicare Advantage
  • Medicaid
  • Recognition of Out-Of-State Guardianships

Requirements for Vehicle Registration in Winter State

Creditor Protection for Homesteads

Issues for Canadians Wintering in the United States

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on December 1, 2020.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Thomas J. Murphy

Thomas J. Murphy

Murphy Law Firm, Inc.

  • Has been an attorney since 1982 and has been practicing law in Phoenix, Arizona since 1989
  • Practice focuses on probate law, which deals with administering the estates of deceased or incapacitated persons; estate planning, which deals with wills, trusts, powers of attorney, and related documents; elder law, which deals with protecting the interests of the elderly when dealing with nursing home and other health care issue as well as end-of-life issues; and tax law and planning for the disabled and those with special needs
  • Written nearly 100 articles that have been published in many national and state professional journals writing on a wide variety of legal and tax matters
  • Has spoken to thousands of attorneys, accountants, and financial advisors and has appeared on several local television and radio stations to discuss tax and legal issues affecting the elderly and their families
  • A sought-after panelist for numerous nationally broadcasted seminars and webcasts for elder law attorneys; and was recently selected to speak at the 2018 Aging in America conference, the largest conference of its kind in the country with over 3,000 attendees
  • Served on numerous state and county bar association committees and was selected to be the State Bar representative to the Arizona Supreme Court’s Committee on Reform of Lower Jurisdiction Courts
  • One of the most experienced trial attorneys in the Southwest, having been the sole or lead counsel in over 100 jury trials; has successfully litigated cases in the United States Tax Court, the Arizona Tax Court, and the Arizona Board of Tax Appeals and has represented clients before all levels of the Internal Revenue Service and Arizona Department of Revenue
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Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407043
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