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 2020 Fourrteenth Edition has been revised and completely updated to incorporate all changes in the law as of January 1, 2020. The two chapters on Veterans' Pension benefits (rules and planning techniques) have been completely updated to reflect the new transfer, lookback, and penalty periods that now apply to VA applications.
|Product dimensions:||6.00(w) x 9.00(h) x 0.67(d)|
About the Author
Attorney Heiser has been a frequent seminar leader and participant in the areas of estate and gift tax, charitable gifts and trusts, Medicaid eligibility planning, and sophisticated estate planning. He has taught as a member of the Adjunct Faculty of the College for Financial Planning at David Lipscomb University, as an instructor in Estate Planning Law (1996-1998), and has been certified as an Estate Planning Law Specialist by The Estate Law Specialist Board, Inc., the only American Bar As-sociation-accredited program for certification of an attorney as an estate planning specialist.
Fellow, American College of Trust and Estate Counsel (ACTEC): Being elect¬ed to ACTEC is one of the highest honors an estate planning attorney can receive. ACTEC is a non-profit association composed of approximately 2,600 of the most ac¬complished estate planning practitioners in the United States and Canada. A lawyer cannot apply for membership in the College; Fellows of the College are nominated by other Fellows in their geographic area and are elected by the membership at large. To qualify for membership, a lawyer must have at least 10 years of experience in the active practice of probate and trust law or estate planning. Lawyers and law profes¬sors are elected to be Fellows by the other members, based on their outstanding professional reputation, exceptional skill, and substantial contributions to the field by lecturing, writing, teaching and participating in bar activities.
AV® rated: Attorney Heiser is proud to have received an AV® rating* from Mar¬tindale-Hubbell®, the country's preeminent lawyer rating service. An AV rating is a significant accomplishment-a testament to the fact that a lawyer's peers rank him at the highest level of professional excellence. A lawyer must be admitted to the bar for 10 years or more to receive an AV rating. His AV rating is based on peer reviews by members of the Bar and Judiciary. That means that the lawyers and judges with whom he has worked closely feel that he is among the best in the business not only for his legal skills, but also for his honesty, integrity and ethics.
Table of Contents
Chapter 1: Introduction
Chapter 2: What is "Medicaid "?
Chapter 3: What is covered by "Medicaid"?
Chapter 4: Applying for Benefits
Chapter 5: Medical Qualification Rules
Chapter 6: Income Qualification Rules
Chapter 7: Asset Qualification Rules
Chapter 8: Transferring Assets (Gifts)
Chapter 9: Trusts
Chapter 10: Strategies to Qualify
Chapter 11: The Home: Planning Ideas
Chapter 12: Annuities
Chapter 13: Promissory Notes
Chapter 14: Transfer (Gift) Strategies
Chapter 15: Post -Eligibility Issues
Chapter 16: Estate Recovery
Chapter 17: Case Studies
Chapter 18: Veterans pension: how it works
Chapter 19: Veterans pension: Planning Techniques