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 2014 Eighth Edition has been expanded, revised, and
completely updated to incorporate all changes in the law as of January
31, 2014, and includes two chapters on Veterans' benefits.