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The Medicaid Planning Handbook: A Guide to Protecting Your Family's Assets From Catastrophic Nursing Home Costs - Softcover

Alexander A. Bove Jr.

 
9780316103749: The Medicaid Planning Handbook: A Guide to Protecting Your Family's Assets From Catastrophic Nursing Home Costs
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ISBN 10: 0316103748 ISBN 13: 9780316103749
Publisher: Little, Brown and Company, 1996
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A guide for seniors, disabled individuals, and their families explains how to preserve personal assets while ensuring long-term care, covering such topics as interfamily transfers and trusts. Original. Tour.

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From the Back Cover:
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.
About the Author:
Alexander A. Bove, Jr., is a prominent attorney with nearly thirty years of expertise in estate law. A former legal and financial columnist for The Boston Globe, he is also an adjunct professor of law at Boston University Law School. He lives in Boston, Massachusetts.

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