Customer Reviews

Baby Boomer's Guide to Estate & Medicaid Planning

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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.

While the estate planning information in this book is useful and well written the Medicaid information is completely out-of-date.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.