What does your – or your loved one’s – Elder Care journey look like?
It’s critical to pre-plan long-term care so you can rest assured all is taken care of financially when it comes time. Although there are six ways to pay for long-term care, the approach you take may make all the difference!
In this episode of The Chris Berry Show, I’ll talk about pre-planning for long-term care, and I’ll also review why a continuing care retirement community may be a good option for you or your loved ones.
In this episode, you’ll learn...
- Chris’ positive focus for the week.
- About the different care and living options available, and where a continuing care retirement community fits in.
- The things to keep in mind when considering a continuing care retirement community.
- The six different ways and two approaches to pay for long-term care.
- Financial strategies to make your money last.
- The trouble with traditional long-term care insurance, MediCare, and Medicaid.
- The five requirements to qualify for VA benefits.
- About the new law requiring a 3-year look-back period to qualify for the non-service connected pension benefit.
- Why the 3-year look-back period isn’t good for veterans and their spouses.
- The purpose of the Veteran’s Asset Protection Trust.
- Why pre-planning is more important than ever.
Q&A
In each episode, I take questions from listeners. If you have any questions that you want answered, feel free to email us at askchris@thechrisberryshow.com.
Here are the questions I covered in this episode:
- Shanna 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: “We did an estate plan in Florida and moved back to Michigan. Do we need to update our estate plan?”
- Clarence asked: “How should I invest $20,000 from a lawsuit settlement?”
- 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.”
Links & Resources
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Register for one of our free estate & asset protection workshops
Fox Run Retirement Community
Presbyterian Village
Canterbury on the Lake
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry
