We've seen some terrifying estate planning mistakes over the years.
We know the top ten mistakes you should avoid so you – or your loved ones – won't feel their devastating effects later due to probate court, procrastination, outdated wills, and more. And remember, estate planning isn't just for when you're gone – it's to help with your long-term care costs, too.
In this episode of The Chris Berry Show, I'll talk about the 10 worst estate planning mistakes. Then, I'll have Kathy Shaffer on the show to discuss the ins and outs of continuing care retirement communities.
In this episode, you'll learn...
- Chris' positive focus for the week.
- The 10 scariest estate planning mistakes.
- How you could send your loved ones to probate court.
- Common misconceptions about wills and why you should have a funded trust.
- Why giving property outright to your children isn't a good idea.
- Why to avoid joint ownership with someone who isn't your spouse.
- The importance of having your documents reviewed and updated.
- Why you should plan for your death or long life – without procrastinating!
- Why a living trust alone isn't enough.
- The different levels of care available to seniors.
- The varying costs of continuing care retirement communities.
- Tips for families with a loved one who is ready to move into a community.
- What to look for in an independent or assisted living community.
- How to downsize when moving out.
- How to contact Kathy at Brookdale at Novi.
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:
- Taylor asked: "How does a Ladybird Deed work?"
- Brad asked: "How can I force my spouse to see a doctor for an Alzheimer's determination?"
Links & Resources
AlzElderCare.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Register for one of our free estate & asset protection workshops
Brookdale Senior Living
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry
