Nov 8, 2018
Three out of four people are
going to need some form of long-term care during their lifetime but
how do you plan for that if you don’t know about the different
types of care there are and the different ways in which you can pay
for them?
On the Chris Berry show this
week we talk about continued care retirement communities, how they
function, and the different ways in which you can pay for them in
order to get the right form long-term care for you.
We will also be discussing new
law changes that will affect VA benefits for veterans and surviving
spouses of veterans and how they pay for long-term care. Plus an
interesting question from a listener regarding pets.
In this episode, you’ll learn...
- Chris’ positive focus for the week.
- How
much Chris and his team raised during the Walk to End
Alzheimer's.
- About
Fox Run, the continued care retirement community, and the amazing
work they do.
- What
a continued care retirement community is and what type of care they
can provide
- About
the different stages of the elder care journey.
- What
each of the stages of the elder care journey can involve and what
you can expect to be paying.
- Some
pros of choosing a continued care retirement community and some
things to think about before moving into one.
- The 2
approaches you can take to plan for long-term care.
- About
a big change in law and how it affects veterans and surviving
spouses of veterans.
- The 6
ways in which we can pay for long-term care and how the VA benefit
fits into them.
- Information on how to attend one of the free
workshops that are put on every week.
- The
problems with having traditional long-term care
insurance.
- How
you can use Medicaid to help pay for parts of long-term
care
- The
best type of trusts to have if you have young children.
- What
the requirements are in order to qualify for the VA
benefit.
- Why
you need different types of planning at different points in your
life.
- What
Chris will be discussing next week on show.
Q&A
In each episode, I take
questions from listeners. If you do have any questions that you
want answers to, feel free to email us at askchris@thechrisberryshow.com.
Here are the questions I covered in this episode:
- Shawna 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: "So we did an estate plan in Florida, and now moved
back to Michigan. Do we need to update your estate
plan?"
- Clarence asked: "How should I invest $20,000
from a settlement from a lawsuit?"
- 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."
If you have a question that you
would like to ask Chris then drop him an email at askchris@thechrisberryshow.com
or call 810-355-2584.
Links & Resources
Alzheimer's Association
Alzheimer's Association 24/7
helpline - 800-272-3900
TheElderCareFirm.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Farm Bureau Insurance
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry