Three out of four people are going to need some form of long-term care during their lifetime but how do you plan for that if you don’t know about the different types of care there are and the different ways in which you can pay for them?
On the Chris Berry show this week we talk about continued care retirement communities, how they function, and the different ways in which you can pay for them in order to get the right form long-term care for you.
We will also be discussing new law changes that will affect VA benefits for veterans and surviving spouses of veterans and how they pay for long-term care. Plus an interesting question from a listener regarding pets.
In this episode, you’ll learn...
- Chris’ positive focus for the week.
- How much Chris and his team raised during the Walk to End Alzheimer's.
- About Fox Run, the continued care retirement community, and the amazing work they do.
- What a continued care retirement community is and what type of care they can provide
- About the different stages of the elder care journey.
- What each of the stages of the elder care journey can involve and what you can expect to be paying.
- Some pros of choosing a continued care retirement community and some things to think about before moving into one.
- The 2 approaches you can take to plan for long-term care.
- About a big change in law and how it affects veterans and surviving spouses of veterans.
- The 6 ways in which we can pay for long-term care and how the VA benefit fits into them.
- Information on how to attend one of the free workshops that are put on every week.
- The problems with having traditional long-term care insurance.
- How you can use Medicaid to help pay for parts of long-term care
- The best type of trusts to have if you have young children.
- What the requirements are in order to qualify for the VA benefit.
- Why you need different types of planning at different points in your life.
- What Chris will be discussing next week on show.
Q&A
In each episode, I take questions from listeners. If you do have any questions that you want answers to, feel free to email us at askchris@thechrisberryshow.com. Here are the questions I covered in this episode:
- Shawna asked: "What makes up my estate? Who needs estate planning? And what makes a well-designed estate plan? If I have a living trust, do I need a will?"
- Nancy asked: "So we did an estate plan in Florida, and now moved back to Michigan. Do we need to update your estate plan?"
- Clarence asked: "How should I invest $20,000 from a settlement from a lawsuit?"
- Shelly asked: "I'm thinking about putting together my estate plan, and want to provide for my pets. How do I do that? I'm single, and I have no children."
If you have a question that you would like to ask Chris then drop him an email at askchris@thechrisberryshow.com or call 810-355-2584.
Links & Resources
Alzheimer's Association
Alzheimer's Association 24/7 helpline - 800-272-3900
TheElderCareFirm.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Farm Bureau Insurance
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry
