The Medicaid Planning Handbook : A Guide to Protecting Your Family's Assets From Catastrophic Nursing Home Costs

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Summary: Mandatory if your loved one is to enter a nursing home
Review: Alexander Bove's book is one of the few out there that really gives you the information you need when dealing with the finances of admitting a loved one into a nursing home. After I read this book, my family and I went to an attorney who "specializes" in elder law. This turned out to be incorrect, and the advice he gave was incomplete and just plain wrong. If we hadn't had Bove's book at our disposal, we would have unknowingly accepted the other lawyer's recommendations without realizing that they would have cost a huge portion of needed funds. DON'T ASSUME THAT AN "ELDER LAW ATTORNEY" KNOWS ALL THE INTRICACIES OF MEDICAID LAW! READ THIS BOOK! (And THEN double-check the most up-to-date laws to make sure nothing has changed since this printing.)

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Summary: It really gave me a place to start
Review: Easy to read and give very good cases studies. What it is missing is the extact thing to do, but I still find it useful

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Summary: Stop! Do not buy this book- "updated" version is obsolete
Review: I give the book three stars due to content, but the numbers are all obsolete. The information is now seven years old! OBRA laws have changed, gifting laws have changed, estate tax laws,...you name it. Save your money and buy soemthing that has been updated NO EARLIER than January '03. I am a financial planner specializing in this area, so I cannot- with good conscience- recommend that people adhere to the outdated information in the book- talk to an advisor who is up-to-speed on the new rules.

Rating:
Summary: Wonderful guide
Review: I read 6 different books on this and irrevocable trusts when my dad went into a nursing home. This one was by far the easiest to understand. My parents had a revocable trust that was not worth the paper it was printed on. This book saved my family a lot of money. Unfortunately I lent it to someone who never returned it, so I am buying another copy to give to a friend.