If you would like to participate in the Virtual Mastermind please submit this worksheet 24hrs prior to the session.

I'm exploring offering another class series similar to Summer School. How many people would like to reserve their spot? Tentatively a 6 week class 2 x a week. 12 total meetings.

Medi-Cal Estate Recovery: The “Homestead of Modest Value” Waiver California law gives heirs a way out of a Medi-Cal estate recovery claim when the family home is worth relatively little. The rule comes from Welfare & Institutions Code § 14009.5, added by SB 33 in 2015. California Advocates for Nursing Home Reform sponsored the bill. Under § 14009.5, DHCS must consider whether recovery would cause substantial hardship. If the estate is a “homestead of modest value,” DHCS is required to waive its claim, subject to federal approval. The statute defines a homestead of modest value as a home whose fair market value is 50% or less of the average home price in the county, measured as of the date of death. DHCS also has to tell heirs about the waiver and their right to a hearing, and must include this in its Estate Recovery Program pamphlet. The same section limits recovery in other ways: - DHCS can recover only for services federal law requires it to collect for. - “Estate” includes only the assets federal law requires. - There is no recovery at all if the Medi-Cal member is survived by a spouse or registered domestic partner. Heirs who keep the home can agree to a voluntary post-death lien. That lien accrues interest at the lower of two rates: the Surplus Money Investment Fund’s annual average rate for the year before death, or 7% simple interest. The implementing regulation is 22 Cal. Code Regs. § 50963. Under it, DHCS will not grant a hardship waiver if the hardship was created through estate planning, such as transferring assets before death. The federal framework sits behind the state law: - 42 U.S.C. § 1396p(b)(1)(B) makes recovery mandatory for nursing facility care, home and community-based services, and related hospital and drug costs for anyone who received them at age 55 or older. - 42 U.S.C. § 1396p(b)(3) requires every state to have an undue-hardship waiver process. - State Medicaid Manual § 3810.C specifically allows the modest-value homestead exemption, using the same 50%-of-county-average test.

https://www.secounselors.com/about-the-society/sec-bookstore/ Some of these books will twist your brain on how transactions can be engineered.

Peter Fortunato is teaching a SPECIAL One Day Class at NCE - National Council of Exchangors - Fall Conference In Las Vegas on THIS COMING Monday 10-19-26. He rarely teaches the use of real estate acquistions and dispositions along with exchange concepts in this type of setting. Become a Better Real Estate problem solver and do not miss this RARE opportunity to Listen and Learn from Master Dealmaker Peter Fortunato. It almost FULL and Seating is LIMITED- at $250.00 per person. For more Details or to Register: https://docs.google.com/forms/d/e/1FAIpQLSciIpN86Cihn68AU4CsvTZ4CAcaMeVvOPFntModjWCVFXWRLg/viewform?usp=publish-editor