The Complete Guide to Medicaid and Nursing Home Costs How to Keep Your Family Assets Protected 2nd Edition by Atlantic Publishing Group 1620230550 9781620230558

The Complete Guide to Medicaid and Nursing Home Costs How to Keep Your Family Assets Protected 2nd Edition by Atlantic Publishing Group – Ebook PDF Instant Download/Delivery: 1620230550, 9781620230558

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Product details:

• ISBN 10:1620230550 

• ISBN 13:9781620230558

• Author:Atlantic Publishing Group 

 In this book, you will learn all the legal means to protect your assets: the Federal Spousal Impoverishment Act, Medicaid trusts, and Medicare supplemental insurance. This book explains the complicated issues, terminology, and planning strategies of asset protection to the layperson.

The Complete Guide to Medicaid and Nursing Home Costs How to Keep Your Family Assets Protected 2nd Table of contents:

 Foreword 

Introduction 

Chapter 1 An Overview of Medicaid 

What Is Medicaid? 

What Is Covered? 

Home- and community-based living program

Medicaid care coordination 

How Does Medicaid Work With Medicare? 

How Do I Apply? 

Chapter 2 How to Qualify & Sign Up 

Income 

Dealing with excess income 

Married couples 

Assets 

Estate 

Liens on your estate 

Medicaid hardship waivers 

Application Tips 

Chapter 3 Creative Ways to Qualify 

Spend Down 

Case Study: Julie Northcutt 

Long-Term Care 

Gifting 

Penalty period and DRA 

Value of the gift 

Look-back period 

Gift splitting 

Gift trusts 

Long-term life insurance and gifts 

Gift taxes 

Generation skipping transfer tax 

How to transfer gifts 

Children as Paid Caregivers 

Warnings 

Limited family partnerships 

Chapter 4 Asset Protection Strategies – Safe Investments 

Life Insurance 

Annuities 

Equity-fixed annuities 

Fixed annuities 

Equity-indexed annuities

Life annuities 

Term certain annuities 

Immediate annuity 

Private annuity trust 

Medicaid annuity 

Trusts 

Miller trust 

Revocable living trust 

Grantor irrevocable trust 

Special needs trust 

Testamentary special needs trust 

Irrevocable life insurance trust 

Charitable Remainder Trust (CRT) 

Trusts vs. outright gifts 

Your trustee 

CDs 

Guaranteed Bonds 

Chapter 5 Asset Protection Strategies – Wills, Deeds, & Your Home 

Wills 

Oral will 

Deathbed will 

Holographic will 

Self-probating will 

Living will 

A Health Care Surrogate Designation 

Deeds 

Survivorship deed 

Joint owners with rights of survivorship 

Lady Bird Deed or Enhanced Life Estate Deeds 

Beneficiary deeds 

Other deeds 

Estate recovery trends in individual states 

What to Do With Your Home

Keep it, sell it, or transfer to kids? 

Joint ownership 

Add children’s names to the deed 

Transfer to a sibling 

Life estate 

Transfer to children while keeping life estate 

Purchase a joint interest in a child’s home 

Child moves into your home 

Parent moves in to the home 

Taxes on the home 

Chapter 6 Long-Term Care Options 

Home Care Programs 

Assisted Living Centers 

Adult Day Care 

Adult Day Healthcare Options 

Taking Care of Your Parents or Elderly Relative 

Alternative Healthcare 

Chapter 7 Single vs. Married – Resources 

Determining Value of Assets 

Countable assets 

Excluded assets 

Unavailable assets 

Community Spouse 

50 & 100 Percent States 

The Snapshot Rule 

Purchasing Annuities 

Chapter 8 Elder Lawyers 

Case Study: Law Office of William J. Brisk 

What Is Certification and Is It Important? 

Preparing co Meet an Elder Lawyer 

Case Study: The Karp Law Firm 

Chapter 9 Alzheimer’s Disease & Medicaid 

The Basics 

Financial Planning 

Type of Long-Term Care of Alzheimer’s Patients 

Appendix A Where to Contact the Agency in Your State 

Appendix B Medicaid News from State to State 

Bibliography 

Glossary 

About the Experts 

 

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