 Kenneth M. Coughlin and Harry S. Margolis, Looking Ahead: Estate and Long-Term Care Planning for You and Your Family. (ElderLawAnswers, Boston, MA: 2010). $19.95, including shipping and handling (CLICK ON BOOK TO ORDER). No one wants to think about death or disabilityeither in terms of themselves or a family member. But the failure to plan in advance of such events can lead to unnecessary stress or expense for loved ones, and may even prove catastrophic. And with the Medicaid asset transfer rules that are part of the Deficit Reduction Act (DRA), advance planning is more important than ever.To help families plan ahead or cope with a crisis that is already upon them, ElderLawAnswers has just published a newly revised and updated edition of this important booklet. In 77 clearly-written pages, Looking Ahead explains the key components of estate and long-term care planning, with all Medicaid, Medicare, long-term care insurance and other information fully updated for 2010, including an explanation of the change in the estate tax that took effect January 1, 2010, and its implications for estates large and small. The booklet serves as a guide both for doing prudent planning before a future need arises and for dealing with a life event that is looming, generally the need for long-term care. You will learn: The basic rules of Medicaid planning, including the new Medicaid transfer rules passed in 2006 and their far-reaching implications. - Guidelines for purchasing a good long-term care insurance policy
- The necessary steps to take upon the death of a parent or other relative
- Why a durable power of attorney can be the most important part of your estate plan
- How to reduce your estate through gifts
- Alternatives to nursing homes and how to evaluate them
- The rights of nursing home residents
and much more.Looking Ahead includes a comprehensive Will Preparation Worksheet and is chock full of key Web addresses and case studies that illustrate planning concepts.About the authors: Harry S. Margolis is the founder and President of ElderLawAnswers. An elder law attorney since 1987, Mr. Margolis is also the founder and managing attorney of Margolis & Bloom, a law firm specializing in elder law based in Boston, Massachusetts. Kenneth M. Coughlin is editorial director of ElderLawAnswers and has been editor of The ElderLaw Report, the leading newsletter for elder law attorneys, since 1992. To order a copy of Looking Ahead, click here.
Praise for Looking Ahead: This is my second order for this book. My friend was so impressed with it I ordered one for him. --A.C. Letter from a father to a daughter: Forgot to tell you, I got the book in the mail, and I find it very informative, enlightening, and spurring me into action. Well, not yet, but it makes me realize there's some things I should do, and things I should set up while I still feel good and am not too old. It's an eye opener as regards my mother also. Thanks for sending it, I've read about half so far."Love, dad."
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