Planning Ahead For Long Term Care Costs, Part 2

This hour, elder law attorney Jim Koewler at the Koewler Law Firm looks at the criteria used to compare planning strategies. There are three basic strategies: do nothing, buy insurance, or give away assets. The criteria Jim uses compare those methods are: the cost to implement the strategy, the risk to your money, how convenient is it to carry out the strategy, how much control does it give you over money, and the likelihood that it will protect your assets. A PowerPoint presentation accompanies this segment — watch this segment on YouTube’s Answers For Elders channel.See omnystudio.com/listener for privacy information.