| MCLE Credit: | 1.0 (Ethics: 0.0) |
| Live-Interactive Credit: | 0.0 |
| Designation Credit: | 1.0 Trusts and Estates Practice, 1.0 Divorce and Family Law Practice (Designations Information) |
| GAL for Incapacitated Persons CE Credit: |
1.0 (GAL Information) |
| Price: | $79 (Includes a downloadable audio version.) |
| Viewable Through: | 08/31/2027 |
$79.00 (or 1 Bundle Credit)
A pre-recorded streaming VIDEO replay of one session from the September 2024 webcast seminar, 33rd Annual Advanced Elder Law Update.
Cosponsored with the Virginia Academy of Elder Law Attorneys (VAELA)
As an asset protection strategy, “gray divorce” has long been among the tools of last resort in the elder law attorney’s toolbox. Depending on your client’s wishes and needs, the idea of ending a marriage to protect assets in a long-term care crisis may well be anathema to them (for others, a relief). More and more, we have been able to shift income streams from defined pensions and assets within a qualified retirement account (such as a 401(k), 403(b), and other ERISA creatures) without resorting to divorcing our long-married clients. We discuss the federal ERISA backing as well as the Virginia VRS laws and regulations that make such transfers possible, when paired with the appropriate state law “hook.” We also spend time on how to recognize when a tool such as a QDRO, ADRO, COAP, or similar tool may be useful for asset protection and income preservation in a long-term care or financial planning scenario.
Ari N. Sommer, Harrison Johnston / Winchester
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