How to Protect Your Family's Assets from Devastating Nursing Home Costs: Medicaid Secrets

Front Cover
MedicaidSecrets.com, 2006 - Law - 237 pages
0 Reviews
Written by an elder law attorney with over 23 years 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 states reimbursement claim following the nursing home residents death; and much more. Completely up-to-date, the book includes the massive changes made by the Deficit Reduction Act of 2005 as well as the December 2006 Tax Relief and Health Care Act amendments.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Selected pages

Contents

Introduction
1
What is Medicaid?
9
What is covered by Medicaid?
11
Applying for Benefits
15
Medical Qualification Rules
21
Income Qualification Rules
23
Asset Qualification Rules
33
Transferring Assets Gifts
49
Transferring Assets
129
PostEligibility Issues
147
Estate Recovery
155
Case Studies
167
Appendix
187
Glossary
197
Annuity Life Expectancy Table
207
Life Estate Table unisex
209

Trusts
57
Strategies to Qualify
73
Planning Ideas
93
Annuities
105
Bookmark 245
118
Promissory Notes
123
Federal Statutes
211
Resources
213
State Medicaid Agency Contacts
215
Medicaid Questionnaires
233
Index
235
Copyright

Other editions - View all

Common terms and phrases

Bibliographic information