While estate and Medicaid planning can be overwhelming and intimidating, this resource demystifies all the complexities with an emphasis on lifetime planning--health care powers of attorney, living wills, financial powers of attorney, long-term care insurance, and guardianships. Living trusts are discussed in detail, including fiduciary duties, the manner in which trusts are taxed, and the characteristics of trusts versus wills. The ins and outs of long-term care insurance, such as the likelihood of coverage needs and the effect of inflation on costs and benefits, are also explained. Finally, an extensive section on Medicaid provides succinct information for families of wealthy and modest means.
Customer Reviews:
Avg. Customer Rating: 3.5 / 5.0
Out of date info on Medicaid.:
While the estate planning information in this book is useful and well written the Medicaid information is completely out-of-date. The law surrounding Medicaid was dramatically changed on February 8, 2006 making obsolete any book published before that date on the subject of Medicaid and long-term care. For an up-to-date guide on using Medicaid to pay the cost of long-term nursing home care or assisted living care see The Medicaid Handbook 2007.
The planning guide for the rest of us.:
This is a useful book. Informative and quite accessible. I turned 50 this year, so my retirement horizon is beginning to feel a whole lot closer. If I want to make good plans that will make a difference in my family's financial security, now is when I need to start asking the right questions and finding the sensible answers. Jon Iverson's book is a worthy and welcome resource. It's giving me a good foundation from which to work with my family's financial advisor; I'm asking smarter questions while the... more info
