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.
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Book Description
Editorial Reviews
Review
"The book is particularly useful for those who serve as executor, trustee, guardian or conservator of someone else's estate." —ElderLawAnswers.com
"Iverson's book is well written in nontechnical language and offers plenty of examples to explain otherwise confusing concepts..." —American Institute of Certified Personal Accountants (AICPA)
"Jargon-free treatment...makes it one of those unusual books that's good for both advisors and a general audience." — Advisor, National Association of Personal Financial Advisors (NAPFA)
"A readable survey of such essentials as estate planning, trusts, charitable giving, living wills, powers of attorney, probate avoidance, guardianship." —The Star-Ledger
About the Author
Jon A. Iverson, JD has practiced law for more than 30 years and is an active member of the Oregon State Bar Association, including the Elderlaw Section and the Estate Planning and Administration Section. He lives in Medford, Oregon.
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Most Helpful Customer Reviews
10 of 10 people found the following review helpful:
5.0 out of 5 stars
The planning guide for the rest of us.,
This review is from: Baby Boomer's Guide to Estate & Medicaid Planning (Paperback)
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 answers are in much better context for me than before. Plus, my mother died recently and although her estate is relatively straightforward, there were still choices to be made and financial triggers in place that would be unforgiving of a mistake or uninformed judgment. I turned to this book to clarify several points and understand their implications, and felt much more confident in working with the executor to make the necessary decisions. Although there are a lot of personal financial planning guides out there, Iverson -- with his insightful, practical, plain-language style -- has written the book for the rest of us who've, up to now, been apprehensive and perhaps even intimidated about the topic. I'm very glad he did.
2 of 2 people found the following review helpful:
2.0 out of 5 stars
Out of date info on Medicaid.,
By Sean W. Scott (St. Petersburg, FL USA) - See all my reviews
This review is from: Baby Boomer's Guide to Estate & Medicaid Planning (Paperback)
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.
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Inside This Book
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First Sentence:
Very simply, a will is the written statement of a person's wishes as to the disposition of his or her property after death. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
Community Spouse, Social Security, Excess Shelter Allowance, Resource Test, John Smith, Funding of Living Trusts, Institutionalized Spouse, Supplemental Security Income New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Very simply, a will is the written statement of a person's wishes as to the disposition of his or her property after death. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
Community Spouse, Social Security, Excess Shelter Allowance, Resource Test, John Smith, Funding of Living Trusts, Institutionalized Spouse, Supplemental Security Income New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 1
book:
- Handbook for Mortals: Guidance for People Facing Serious Illness by Joanne Lynn on page 128
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