The Medicaid Planning Handbook: A Guide to Protecting Your Family's Assets from Catastrophic Nursing Home Costs
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Book Overview
The federal Medicaid program covers long term care expenses for the elderly, but only when a family can no longer pay those expenses itself - only after its life savings have been wiped out and the family home has been sold.This fully revised and updated edition of The Medicaid Planning Handbook shows how to avoid financial ruin by planning in advance for your parents' and your own long term care. The Medicaid Planning Handbook reviews the current Medicaid rules; covers in great detail all the available options for protecting assets from devastating nursing home costs; and explains how to use devices such as revocable and irrevocable trusts, powers of attorney, and intrafamily transfers, with a special emphasis on ways to protect the home.Alexander A. Bove offers clear, concise advice for every situation - both those in which there are no immediate long term care problems and those in which one or both spouses are already in a nursing home.
Format:Paperback
Language:English
ISBN:0316103748
ISBN13:9780316103749
Release Date:February 1996
Publisher:Little Brown and Company
Length:208 Pages
Weight:0.66 lbs.
Dimensions:0.6" x 5.9" x 8.9"
Customer Reviews
3 ratings
Thanks to Mr. Bove
Published by Thriftbooks.com User , 19 years ago
The information in this book is easy to understand and extremely valuable. It saved my family thousands of dollars by helping me get Medicaid for my father.
Wonderful guide
Published by Thriftbooks.com User , 23 years ago
I read 6 different books on this and irrevocable trusts when my dad went into a nursing home. This one was by far the easiest to understand. My parents had a revocable trust that was not worth the paper it was printed on. This book saved my family a lot of money. Unfortunately I lent it to someone who never returned it, so I am buying another copy to give to a friend.
It really gave me a place to start
Published by Thriftbooks.com User , 25 years ago
Easy to read and give very good cases studies. What it is missing is the extact thing to do, but I still find it useful
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