We’re living longer than ever. And more and more people are experiencing the cost of long-term care.
The reality is that most of us will need some form of long-term care as we go through the aging process. In fact, statistics show that 1 in 2 of us will need a nursing home at some point in our lives. And that’s expensive. With a castle trust and asset-based long-term care funds, you can shelter assets so that all your money lasts at least as long as you do.
In this episode of The Chris Berry Show, I’ll talk about how to keep the wealth you’ve built and protect it from long-term care costs, and Lauren will discuss the latest Alzheimer’s news and how to get involved in Alzheimer’s advocacy.
In this episode, you’ll learn...
- Chris’ positive focus for the week.
- How specialized trusts work differently than revocable trusts.
- Why long-term care preparation is more critical than ever.
- Some Alzheimer’s news, advocacy, public policy, and bills.
- Where Alzheimer’s stands on the “Common Causes of Death” list.
- How to allocate asset-based long term care funds.
- How legal planning and trusts shelter assets from the government or nursing home.
- About the irrevocable castle trust and how it’s set up to protect against long-term care costs.
- How a castle trust is still flexible.
- The strategy behind a castle trust so Medicaid can assist with long-term care costs.
- What to do about long-term care if one partner needs care and the other doesn’t.
- Lauren’s experience with Alzheimer’s, advocacy work, and involvement with the Alzheimer’s Association.
- Some symptoms of Alzheimer’s.
- The negative hospice experience Lauren’s grandmother experienced.
- About the Bold Alzheimer’s Act and PCHETA Act.
- How to get involved with Alzheimer’s advocacy.
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:
- Jackson asked: “As a power of attorney or medical power of attorney, what am I allowed to charge?”
- Larry asked: “How do I do an informal probate in Michigan?”
- Shelby asked: “How do most people handle pet trusts?”
Links & Resources
AlzElderCare.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Register for one of our free estate & asset protection workshops
Alz.Org
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry
