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 dont 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 clients 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 wont 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 2013 Seventh Edition has been expanded revised and completely updated to incorporate all changes in the law as of January 1 2013 and includes two chapters on Veterans benefits.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.