The CPA's Guide to Long-Term Care Planning

Now that people live longer and may need more care than their families can provide, your clients must rely on private payment, long-term care insurance and government programs to cover the costs of long-term care. Unfortunately, many seniors can neither afford the cost of long-term care insurance, nor the cost of their long-term care. Even if they could afford the insurance, many seniors are not medically eligible to purchase these policies because of a pre-existing illness such as Parkinson's or Alzheimer's. With that in mind, the nature of your advice to clients may change.

As a professional, you guide your clients through planning issues at multiple levels, and you can help them even further by being cognizant of the basic rules and regulations pertaining to governmental programs and other options for paying long-term care. This book is geared towards lawyers, CPAs, financial planners, and tax professionals with an overview of elder law issues and concerns, including advanced directives, Medicaid, Medicare and a multitude of other topics facing elderly clients and their loved ones, including:

• Inheritance Planning
• Reverse Mortgages
• Long-Term Care Insurance
• Nursing Home Issues
• Disability Planning
• Tax Issues

A CD-ROM accompanying The CPA's Guide to Long-Term Care Planning contains a state-by-state listing of elder law-related information, a resource document with links to helpful calculators, checklists and URLs, and a will worksheet.