Protecting your Assets From Probate and Long-term Care

Protecting your Assets From Probate and Long-term Care

Don't Let the System Bankrupt You and your Loved Ones

Book - 2017
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"Have you ever considered the advantages of creating a living trust? In order to help readers protect themselves from both probate and long-term care, Farr delves into the many details one should know when setting up a living trust. He also outlines his Living Trust Plus Asset Protection Trust, which is the only type of self-settled asset protection trust that allows a settler to avoid probate and retain an interest in the trust while also protecting the assets from being counted by state Medicaid agencies. His chapters detail the many subjects involved in the process of avoiding probate and securing assets, including: Joint ownership problems; Special needs planning; How to pay for the nursing home; Why Medicaid planning is ethical; The ten most common Medicaid myths; Finding the right lawyer"--Page 4 of cover.
Publisher: New York, NY :, Allworth Press,, [2017]
ISBN: 9781621535539
1621535533
Characteristics: viii, 193 pages ; 21 cm
Contents: The problem of probate
The problem of long-term care
Are wills the solution?
Joint ownership problems
Problems with beneficiary designations
Estate and incapacity planning
Special needs planning
What is a nursing home?
What is long-term care?
Discrimination against chronic illnesses
The caregiver's role
Selecting a facility
Nursing home evaluation tool
How to pay for nursing home care
What does Medicare cover?
Why Medicaid planning is ethical
Long-term care insurance
Veterans aid and attendance
Medicaid basics
The ten most common Medicaid myths
Preneed Medicaid planning
Frequently asked questions about Medicaid
Medicaid asset protection basics
Real-life case studies
Medicaid crisis planning
Finding the right lawyer.
Summary: "Have you ever considered the advantages of creating a living trust? In order to help readers protect themselves from both probate and long-term care, Farr delves into the many details one should know when setting up a living trust. He also outlines his Living Trust Plus Asset Protection Trust, which is the only type of self-settled asset protection trust that allows a settler to avoid probate and retain an interest in the trust while also protecting the assets from being counted by state Medicaid agencies. His chapters detail the many subjects involved in the process of avoiding probate and securing assets, including: Joint ownership problems; Special needs planning; How to pay for the nursing home; Why Medicaid planning is ethical; The ten most common Medicaid myths; Finding the right lawyer"--Page 4 of cover.

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