Overview

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 2019 Thirteenth Edition has been revised and completely updated to incorporate all changes in the law as of January 1, 2019. The two chapters on Veterans' Pension benefits (rules and planning techniques) have been completely updated to reflect the new transfer, lookback, and penalty periods that now apply to VA applications.

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9781941123096

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The most detailed, plain-English guide I've found to the rules so far is called ""How to Protect Your Family's Assets From Devastating Nursing Home Costs."" --Ron Lieber article in The New York Times (June 30, 2017) I recommend K. Gabriel Heiser's comprehensive and accessible book, ""How to Protect Your Family's Assets from Devastating Nursing Home Costs: Medicaid Secrets"" (Phylius Press). The book is not intended to replace an attorney specializing in Medicaid, but it will provide you with valuable information you will need to have worthwhile discussions with an attorney ---Reviewed by Elliot Raphaelson, for The Chicago Tribune (2018) I highly recommend it to anyone who needs to get quickly up to speed when the need arises because a friend or family member is facing nursing home expenses...or who wants to think ahead to that possible need. --Reviewed by Natalie B. Choate, nationally recognized attorney and America's leading speaker on retirement planning; author of Life and Death Planning for Retirement Benefits

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