May/June'25 Focus: The Most Overlooked Issue in Estate Planing
Overview
This self-study emphasizes long-term care planning is the most overlooked issue in estate planning. While most estate planning focuses on asset distribution after death through wills, trusts, and tax strategies, it often neglects the substantial financial and emotional impact of long-term care needs during an individual's lifetime. Craig Riffel, CPA, argues that integrating long-term care planning - particularly with knowledge of Medicaid - is essential for effective estate planning.
Register now and take your CPAFocus self-study exam online via the eMaterials section of your My CPE!
Highlights
- Define and scope of estate planning
- Long-term care as a critical estate planning issue
- Challenges with Medicaid planning
- Methods to pay for long-term care
Prerequisites
None
Designed For
All CPAs
Objectives
- To broaden the traditional understanding of estate planning beyond wills and asset distribution to include lifetime asset protection
- To raise awareness about the financial risk and prevalence of long-term care needs
- To identify funding options for long-term care, including Medicaid, private insurance, and out-of-pocket payments
Preparation
None
Notice
Leader(s):
Leader Bios
Michael Riffel, Attorney, Riffel, Riffel & Benham, PLLC
Craig Riffel is a CPA and attorney of Riffel, Riffel & Benham, PLLC, who has offices in Enid, Fairview, Kingfisher and Woodward. He is also development director of Senior Resources & Benefits, LLC. Over the past 30 years, a significant portion of Mr. Riffel’s practice consists of Medicaid, estate planning, and asset protection planning. He teaches continuing education to attorneys on these topics.
Member Price $25