020 Pre-Planning for Long-Term Care

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 [email protected]. 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