The Chris Berry Show: 043 Are you – or your loved ones – asking, “What about the house?”

043 Are you – or your loved ones – asking, “What about the house?”

Jun 23, 2019

Are you – or your loved ones – asking, “What about the house?”

It’s important to consider your home an asset that needs protection. After all, certain decisions can change it from being an exempt asset to a countable asset, and this can greatly impact your financial strain when it comes to long-term care. With things like castle trusts, you can make sure your home is protected while you maximize Medicaid benefits.

In this episode of The Chris Berry Show, I’ll talk about protecting your real estate through preparation and trusts, and Tracy Wick will share how she helps her clients sell their home and transition to their next step.

In this episode, you’ll learn...

Chris’ positive focus for the week.
How Medicaid can pay for nursing home care.
How a home goes from being an exempt asset to a countable asset.
When a castle trust may be a good idea.
When to set up an asset protection trust.
The things to understand about probate and writing your own rulebook.
How Tracy Wick helps people sell their homes to fund their next step.
Some of the challenges she encounters when selling senior’s homes.
Why people need a professional to help with the process.
What Tracy does for families that are not local who need to sell a home.
What Tracy recommends to protect assets from vandalism or theft.
How to improve a property’s value when you’re getting ready to sell.
A resource for selling everything but the house.
What Tracy thinks of the current market.
The checklists Tracy uses to assess a property.

Links & Resources

AlzElderCare.com

CJBerryGroup.com

TheChrisBerryShow.com

Michiganestateplanning.com

Everything But The House

Tracy Wick’s Website

Follow us on Social Media

Twitter: www.twitter.com/ElderCareFirm

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LinkedIn: www.linkedin.com/in/christopherjberry