Written by an elder law attorney with over 25 years of experience, this book will help anyone with a family member faced with a long-term stay in a nursing home who wishes to preserve at least some of their assets by qualifying for the Medicaid program. You don't have to be broke to qualify! For the first time ever, the inside secrets of high-priced estate planning and elder law attorneys are revealed. Includes a summary of all income and asset rules for both married and single individuals, together with numerous examples and several case studies, which take the reader through the same thought processes that an experienced elder law attorney would go through when analyzing a real-life client's situation. The book includes tips on: how to title your home so you do not lose it to the state; how to make transfers to family members that won't disqualify you from Medicaid; how annuities make assets "disappear"; smart tricks for "spending down" your assets; what to change in your will to save thousands of dollars if your spouse ever needs nursing home care; avoiding the state's reimbursement claim following the nursing home resident's death; and much more. The 2009 Edition has been expanded, revised, and completely updated to incorporate all changes in the law as of January 1, 2009, and includes two new chapters on Veterans' benefits.
"synopsis" may belong to another edition of this title.
This book is written for the layperson, but includes sufficient detail to inform all but the most advanced elder law attorneys, as well. Many financial planners have found it a great resource to recommend to their clients, too.
A great feature of this book are the numerous examples used to explain and show how the rules are applied to real-world situations. In addition, the case studies at the end of the book serve to pull together all the rules, really helping the reader understand the various options available to them.There is no charge for this service, available to all readers of this book.From the Author:
I wrote the first edition of this book in 2006-2007, because I wanted to help people not make foolish mistakes when dealing with a common crisis, that of suddenly being faced with the huge financial costs of moving a family member into a nursing home.
As an elder law and estate planning attorney I had been advising clients for over 20 years at that point, but I realized that too often people came to me too late to take advantage of all the great planning techniques I had figured out over the years. I wanted to make sure that people who bought my book would have the same information I was providing to my private clients, but for less than the $250 an hour I was charging them.
Each year I have expanded the techniques available to readers as well as kept the information and government figures up-to-date. The Sixth Edition (2012) of "How to Protect Your Family's Assets from Devastating Nursing Home Costs: Medicaid Secrets" is now out, and I encourage everyone with a parent or other family member facing a long-term nursing home stay to learn the "secret" tools and techniques provided to clients of high-priced attorneys, for a fraction of the cost. Don't wait until it's too late!!
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Book Description Phylius Press, 2009. Paperback. Book Condition: New. Never used!. Bookseller Inventory # P110979080142