PROTECT MAMA'S HOME and MAMA'S MONEY
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Detailed table of contents for QUICK and EASY answers, anyone can follow, to Long Term Care and Nursing Home Medicaid questions. Legal ways to protect family inheritance.
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Book preview
PROTECT MAMA'S HOME and MAMA'S MONEY - Michael Goodson
Table of Contents
PROTECT MAMA’S HOME
Protecting Family Assets AND Inheritance
PROTECT MAMA’S HOME AND MONEY | IN A NUTSHELL | QUICK GUIDE to ANSWERS and STRATEGIES | EASY TO FOLLOW AND USE
MEDICAID
HOW ASSETS DETERMINE ELIGIBILITY
MEDICAID 60 MONTH LOOK BACK
RULE
MEDICAID TRANSFER PENALTY PERIOD
OTHER MEDICAID PLANNING TECHNIQUES
CHANGE THOSE DOCUMENTS – DON’T DELAY
PROTECT MAMA’S HOME
And
MAMA’S MONEY
––––––––
Guide to Long Term Care
And
Medicaid Nursing Home
Financial Assistance
In a Nutshell
Protecting Family Assets AND Inheritance
2nd Edition
© 2018
2018 Edition
Published by Goodship Group LLC
ALL RIGHTS RESERVED.
This publication, in eBook or print, may not be reproduced in any form. This prohibition shall include, but is not limited to, any reproduction or transcription by mechanical methods including photocopy or recording or any electronic or computer scanning or information storage or retrieval system without the express written permission of the publisher.
This publication, in eBook or print, was written to provide accurate information to the reader. This publication is designed to educate the reader on possible Long Term Care techniques that will protect family assets from Long Term Care expenses. Every effort was made to ensure the accuracy and authoritativeness of the information. However, the author and publisher are not responsible for any errors or omissions which might have occurred. Neither the Publisher nor Author is engaged in furnishing or rendering Legal Advice or other professional advice. If legal advice or other professional advice is desired or required, seek the services of a competent attorney or other professional.
FORWARD
Why did I write this book?
As an attorney since 1973, I have been approached by many folks concerned about the high cost of long term care. This includes both the high cost of in home
care and nursing home care. I was first approached in the mid 1970’s by a lady whose husband was in a nursing home. She contacted me because she and her husband’s life savings were fast being depleted by his monthly nursing home bills and drug bills. I was able to get him qualified for Medicaid Nursing Home Financial Assistance and save her home. However, before I could get him qualified a substantial portion of their life savings had been spent on his nursing home bills.
I have seen this same situation many times through the years. I wrote this book because most folks never think about long term care or how to protect family assets or inheritance until it is too late.
Your Guide to Long Term Care and Protecting Family Assets, 2nd Edition, was written to give the reader an EASY TO READ, STEP by STEP guide that anyone can follow to learn the NUTS AND BOLTS of Medicaid Financial Assistance and how to
protect family assets and inheritance from the high cost of long term care.
Medicaid Planning can help save a family hundreds of thousands of dollars.
The best way to start is for the reader to know the options. That’s the goal of this book.
This publication is not written to provide legal or accounting advice. The publisher is not engaged in providing professional advice nor is the author soliciting clients. If professional guidance or advice is needed the reader should seek competent professional advice - legal, accounting or otherwise.
Medicaid regulations vary from state to state, this publication was not written as a State specific guide but rather an overview of Federal Medicaid Rules and Regulations and an interpretation of how these rules and regulations could be applied on a state by state basis.
While the publisher and author believes the information in this publication when properly used can save the reader hundreds of thousands of dollars, no guarantee is made nor does the publisher or author accept any liability pertaining to the subject matter of this publication.
Numerous examples have been included in this publication. Any similarity between these examples and real life experiences is purely coincidental and unintentional.
Sincerely,
Michael D. Goodson
Author
PROTECT MAMA’S HOME AND MONEY
IN A NUTSHELL
QUICK GUIDE to ANSWERS and STRATEGIES
EASY TO FOLLOW AND USE
The ONLY GOVERNMENT PROGRAM THAT PAYS FOR
LONG TERM CARE
- MEDICAID
CHAPTER