Certified Elder Law Attorney Donald D. Vanarelli, Esq. is among the contributors to The CPA’s Guide to Long-Term Care Planning, just published by the American Institute of Certified Public Accountants (AICPA) and available at Amazon.com.
The demand and cost for long-term care services are expected to skyrocket in the next two decades. It is estimated that by 2040 the number of Americans 85 and older — the group most likely to require long-term care — will more than triple to more than 12 million. Americans desperately need well-informed advisers who can help them understand the multitude of people and services that are involved in finding long-term care, disability care and elder care solutions.
The CPA’s Guide to Long-Term Care Planning helps accountants and other professionals assist their clients by explaining the basic rules and regulations of governmental programs and other options for paying for long-term care. The book examines Medicare and Medicaid, explaining how each fits into an overall plan to protect clients’ assets against the high cost of a catastrophic illness. In addition, the Guide addresses many other issues of concern to the elderly and their families, including long-term care insurance, reverse mortgages, disability planning, nursing home issues and advanced directives.
The CPA’s Guide to Long-Term Care Planning is accompanied by a CD that features a 30-state roundup of the Medicaid rules and practices prevailing in each state, including the treatment of the house and protections for the spouse. Attorney Vanarelli contributed to the book’s section on New Jersey.
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