Thursday, July 06, 2006

Baby Boomer’s Guide to Estate & Medicaid Planning Author: By Jon A. Iverson Publisher: Stonemark Publishing ASIN: 0965793621

About This Book

While estate and Medicaid planning can be overwhelming and intimidating, this resource demystifies all the complexities with an emphasis on lifetime planning—health care powers of attorney, living wills, financial powers of attorney, long-term care insurance, and guardianships.

The "Baby Boomer's Guide" is a readable survey of essential topics. The book is designed to put knowledge in the hands of family decision makers so that they can work more efficiently and confidently with legal and financial professionals. More than 22 million American households are caring for an aging relative, and the number of U.S. residents 65 and over is expected to double over the next 25 years.

Living trusts are discussed in detail, including fiduciary duties, the manner in which trusts are taxed, and the characteristics of trusts versus wills. The ins and outs of long-term care insurance, such as the likelihood of coverage needs and the effect of inflation on costs and benefits, are also explained. Finally, an extensive section on Medicaid provides succinct information for families of wealthy and modest means.

Jon A. Iverson has practiced law for more than 30 years and is an active member of the Oregon State Bar Association, including the Elderlaw Section and the Estate Planning and Administration Section.