The Medicaid Planning Handbook: A Guide to Protecting Your Family's Assets from Catastrophic Nursing Home Costs
by Alexander A. Bove Jr.
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Book Summary Information
Author: Alexander A. Bove Jr.Edition: Paperback
Audio: English (Original Language); English (Unknown); English (Published)
Published: 1996-02-01
ISBN: 0316103748
Number of pages: 188
Publisher: Little, Brown and Company
Book Reviews of The Medicaid Planning Handbook: A Guide to Protecting Your Family's Assets from Catastrophic Nursing Home Costs
Book Review: Great book, but out-of-date
Summary: 2 Stars
I actually worked with Alex Bove on updating a book on estate planning, when I practiced law in Boston many years ago. I purchased this book back in 1996 (the date of the current edition), but since then the laws have changed several times, most notably in February 2006, with the enactment of the Deficit Reduction Act of 2005. As a result of those changes, many of the examples and planning suggestions discussed in Bove's book no longer work. For example, all rules relating to gifting, penalty periods, look-back periods, "half-a-loaf" planning, and annuities, have been radically changed. Do not rely on the examples in the book!
That being said, his material on durable powers of attorney, trusts (other than the Convertible Trust, which no longer works), gift taxes, general eligibility requirements, and ethics of Medicaid planning, is still worth reading.
For an example of a book that incorporates all the latest changes in the law, together with case studies and numerous cutting edge planning ideas, take a look at How to Protect Your Family's Assets from Devastating Nursing Home Costs: Medicaid Secrets. It's pricey, but well worth it when you consider all the information and ideas packed into it!
More The Medicaid Planning Handbook: A Guide to Protecting Your Family's Assets from Catastrophic Nursing Home Costs reviews:
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Summary of The Medicaid Planning Handbook: A Guide to Protecting Your Family's Assets from Catastrophic Nursing Home Costs
A guide for seniors, disabled individuals, and their families explains how to preserve personal assets while ensuring long-term care, covering such topics as interfamily transfers and trusts. Tour.Health Books
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