This is the no-nonsense guide that will give you everything you need to know about how to pay for long-term care for yourself, Mum or Dad without going broke. Naked in the Nursing Home adroitly weaves together both humour and hard-hitting facts to equip you and your elderly parents for the future. This book is authored by a financial advisor who specialises in working with the elderly and their families, with new information from two of the leading elder law attorneys in the country. This book takes a look at the following critical information: Defining long-term care in layman's terms; Common myths surrounding long-term care costs and options; How to identify and prevent a family financial crises; Understanding Medicaid and how to use it to your benefit; Alternatives in long-term care insurance and tax benefits; Special benefits for U.S. veterans.