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.