As members of the Boomer generation become caretakers for their parents, more and more guides are popping up to aid them. Thi...Read more
Baby Boomer's Guide to Estate & Medicaid Planning
- August 10th, 2018
Jon A. Iverson, JD. Baby Boomer's Guide to Estate & Medicaid Planning (Medford, OR. Stonemark Publishing. 2005. 238 pages).
If they aren't concerned with issues involving their parents' possible incapacity and eventual deaths, Baby Boomers will soon be facing questions related to their own demise. This book is a highly readable survey of the estate planning and long-term care choices that could spell the difference between financial stability and ruin for families as one generation gives way to the next.
Local Elder Law Attorneys in Ashburn, VA
The Estate Planning & Elder Law Firm PC
Bill founded The Estate Planning & Elder Law Firm, P.C. in 1994. Bill limits his practice to the areas of estate planning and administration, incapacity planning, Medicaid, asset protection planning, and elder law. He is one of (15) fifteen attorneys practicing in Virginia, Maryland and the District of Columbia, ce...
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
Author Jon Iverson, an elder law specialist who has been practicing law for more than 30 years, writes in a straightforward style that renders comprehensible even the most confusing tax or Medicaid concepts. The book is also filled with helpful, real-world examples that illustrate the concepts presented.
Readers will learn, for example, what a will can and cannot accomplish, why joint tenancy is not a substitute for estate planning, how trusts and estates are taxed, the role of guardians and conservators, how a credit shelter trust works, and what to look for in a long-term care insurance policy. Two important topics -- living trusts and Medicaid planning -- receive their own sections. The book is also particularly useful for those who may serve as an executor, trustee, guardian or conservator of someone else's estate.
Iverson is refreshingly candid in reminding readers that there are no easy answers -- each estate planning choice involves some sort of tradeoff. He also stresses that his book is not a "do-it-yourself" substitute for retaining professional advice. But reading it will help Boomers -- or anyone else -- work more confidently with the legal or financial professionals they retain.
Last Modified: 08/10/2018