"Name on the Check" Rule: Planning for the Institutionalized Spouse's IRA
Retirement accounts always add another layer of complexity when dealing with crisis Medicaid planning, but even more so when the account belongs to the institutionalized spouse. This is where a Medicaid Compliant Annuity comes in, including the popular “Name on the Check” Rule strategy.
Join Sales Director Alex Thompson, MBA, for this crucial webinar as he explores:
- How an IRA can be transferred, tax-free, to an MCA in states where they're considered countable assets
- Two case studies involving IRAs, including the "Name on the Check" Rule for the institutionalized spouse
- The federal citations supporting the "Name on the Check" Rule, best practices, and pitfalls to avoid
Help your clients avoid significant tax consequences and get the best results for them in a crisis scenario. Reserve your spot for our next webinar now!
*1.0 hour standard CLE pending