2024 Spousal Protection Masterclass
Learn how
Find out why surviving spouse’s suffer a decrease in income and net worth after the first spouse dies
Learn why estate plans do not protect the survivor’s retirements assets
Discover why a Spousal Protection Trust works beautifully to protect your spouse’s inheritance from BRUTAL Medicaid spend-down rules AND doubles your estate tax exemption. *
2024 Spousal Protection Masterclass
Learn how
Find out why surviving spouse’s suffer a decrease in income and net worth after the first spouse dies
Learn why estate plans do not protect the survivor’s retirements assets
Discover why a Spousal Protection Trust works beautifully to protect your spouse’s inheritance from BRUTAL Medicaid spend-down rules AND doubles your estate tax exemption. *
Bonus
✔️ All registrants will receive a bonus "Ten Legal Terms Everyone Should Know in Plain English". This bonus also comes with an expanded lexicon (mostly in plain English but we threw in a little "legalease", too. Gotta keep the lawyers happy!)
✔️ Q and A session follows the 60 min presentation with the instructor in a Zoom meeting setting until all questions are answered.
FREE Spousal Protection Masterclass this coming Saturday at 11:30 am CST
Many do not have estate plans because the idea of their own death makes them sad.
feel like being the opposite of sad?
how about the feeling of being a hero to your family?
“Man! My dad was a rock star. He even financed the estate tax with a separate life insurance policy. Who does that?!”
How to protect your family's wealth
Topics Include
The Power of the Spousal Protection Trust
Created by Federal Law and holds assets for the benefit of your spouse. It is a tax-savings trust and does NOT count as an asset for Medicaid purposes. Transfer penalties, lookback periods, and the dreaded Medicaid lien does not apply. It is the single, most powerful asset protection trust in American jurisprudence. If you are married, you need this trust
The Problem
We will dive into the problem faced by surviving spouses and how to solve it!
Why Asset Protection Matters
the advantages of Medicaid Asset Protection planning and how, when used properly, eliminates the need for expensive long-term care insurance
The Three Threats
The legal changes you need to know about and how to respond!
Not Estate Transfer
Learn the difference between estate planning and asset protection!
The Power of the Spousal Protection Trust
Created by Federal Law and holds assets for the benefit of your spouse. It is a tax-savings trust and does NOT count as an asset for Medicaid purposes. Transfer penalties, lookback periods, and the dreaded Medicaid lien does not apply. It is the single, most powerful asset protection trust in American jurisprudence. If you are married, you need this trust
The Problem
We will dive into the problem faced by surviving spouses and how to solve it!
Why Asset Protection Matters
the advantages of Medicaid Asset Protection planning and how, when used properly, eliminates the need for expensive long-term care insurance
The Three Threats
The legal changes you need to know about and how to respond!
Not Estate Transfer
Learn the difference between estate planning and asset protection!
FREE Spousal Protection Masterclass this coming Saturday at 11:30 am CST
The Power of the Spousal Protection Trust
Created by Federal Law and holds assets for the benefit of your spouse. It is a tax-savings trust and does NOT count as an asset for Medicaid purposes. Transfer penalties, lookback periods, and the dreaded Medicaid lien does not apply. It is the single, most powerful asset protection trust in American jurisprudence. If you are married, you need this trust
The Problem
We will dive into the problem faced by surviving spouses and how to solve it!
Why Asset Protection Matters
the advantages of Medicaid Asset Protection planning and how, when used properly, eliminates the need for expensive long-term care insurance
The Three Threats
The legal changes you need to know about and how to respond!
Not Estate Transfer
Learn the difference between estate planning and asset protection!
BONUS OFFERINGS
Expert-led Learning
Dive deep with asset protection attorney, Darol Tuttle, in live sessions, pre-recorded lessons, and online forum discussions.
Legal Documents
At no additional cost, you will walk away with a full set of legal documents, to include a Spousal Protection Trust.
Weekly Office Hours
Attend live sessions for questions, comments, and discussion for the length of the course.
The affordable way to protect your family
Psst, did you know BoomX Academy the only platform that includes asset protection plans? It’s true. Until now, you could only implement a Spousal Protection Plan by hiring a lawyer. And the best part? You will learn what to do with your legal documents once you create them.
Speaker:
Darol Tuttle
Asset Protection Attorney and Founder of the BoomX Academy
The Roadmap is the secret to protecting everything
📘 Course Overview:
In the Spousal Protection Course, you will unlock:
- Profound Insights into Spousal Protection Trust and Spousal Lifetime Access Trust.
- Effective Medicaid Strategies to safeguard assets and optimize benefits.
- Practical Implementation Guides to translate learning into action swiftly.
- Holistic Understanding of estate planning, tax optimization, and legal provisions related to spousal protection.
Without asset protection
The biggest mistake couples make is to use a living trust or a simple will to leave their estate to their spouse. What heppens next? Your spouse, who is in advanced old age when you died, is left alone. Maybe it is a fall, dementia, or just age-related impairment.
This is very unfortunate because all you left her is subject to the BRUTAL $2,000 spend-down requirement for Medicaid. You might as well have just named the nursing home as your heir.
Ten states have a separate estate tax. Some do not know this or ignore it. In Oregon, the amount you can pass tax-free is only one million dollars. Above that amount Oregon takes up to 16%.
Your spouse passed and you are left alone. You fall and it exacerbates dementia. You spend time in an assisted living facility and then a nursing home. You spend everything paying for care until you go on Medicaid.
With asset protection
This one is SO easy. The same statute that enacted the Medicaid spend-down and lien rules, also authorized a trust for your spouse. It you left your estate to your spouse in this trust, the trustee would pay her expeneses, etc. The great thing is that the assets in the trust are NOT subject to any Medicaid spend-down rules. That’s right. Five-year look-back period, and transfer penalties do not apply. Medicaid can NEVER slap a lien on these assets. It is 100% protected.
You took the roadmap course and know what to do. If married, leaving an inheritance to outright spouse results in the loss of your estate tax credit. Easy fix. You have an credit shelter trust that maximizes your tax credit and double the amount of your total tax-free exemption.
You know how it works. You have chosen a care path that includes high-quality care communities that allow roll-overs to Medicaid without a sacrifice in care or quality of life. You look ahead and transfer your nest egg into a family trust and appoint your son as trustee. When you fall, you private pay for a short time. The wealth in the trust is protected. Your family can supplement your care. They are rewarded with a legacy.
Financial know-how not required
Copies of your tax returns and account statements are not needed to plan your estate. It's not a tax audit.
Not just for the rich and famous
Everyone will one day pass away and pass along their property. Adding asset protection is more important for smaller estates.
Choose your options
Learn about your options so you can generate the correct legal documents to protect your family's wealth.
OVERWHELMED?
With so many sources of information, do you feel overwhelmed with the technical mumbo jumbo of money managers and the legalese of lawyers? Does it seem hopeless even to try to learn?
Wouldn't it be nice?
Wouldn’t it be nice to receive reliable and expert information without worrying about a sales pitch? Is it really possible to understand and speak with confidence about your money, retirement plan and family management without expensive fees?
Well, Now you can...
Join asset protection attorney, educator, and podcast host, Darol Tuttle, and learn how to protect your retirement nest egg.
FAQs
Both. The Roadmap Course contains 17 on-demand lessons. During the six-month time frame that students have access to the course, there are monthly live sessions on topics related to the on-demand lessons.
Yes. You will use the drafting app to create a set of legal documents. Here is a link to the documents you will be able to create.
When you finish the interview in the drafting app and hit submit, the documents are emailed to you within seconds.
You are able to attend Office Hours for 60 days for Q and A. Office Hours is a weekly, one-hour Q and A session with the instructor. You can also message us using the community messaging app.
If you still have questions after 60 days, you can join Family Leaders. This membership level is $44 per month, but the first month is a free trial period. You can cancel at any time. Family Leaders has many benefits including Office Hours as long as you are a member.
We send you Word documents so that you can make changes if you change your mind about something, e.g., a reordering of the succession of trustees.
You have access to the drafting app for six months after the date of enrollment. You also will receive a link to the drafting app that contains the answers to the interview questions. You can use the link to edit the data you submitted within the app and re-submit your documents. This link expires after 60 days from the date you created your documents the first time.