Elder Law Report artwork

Secure Your Assets Against Alzheimer's

Elder Law Report

English - June 19, 2024 04:00 - 19 minutes - 13.2 MB - ★★★★★ - 10 ratings
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What steps can you take today to protect yourself and your family from the devastating effects of Alzheimer's and dementia? Join estate planning and elder law attorneys Greg McIntyre and Britton Begley as they tackle the rise of these conditions and offer actionable legal strategies to safeguard your future. With a focus on the importance of proactive planning, Greg and Britton emphasize the necessity of having a general durable power of attorney to prevent undue influence and exploitation. By appointing a trusted person to manage your affairs, you can ensure that your assets are protected, and your desires are respected even if you lose decision-making capacity.

This episode dives into the critical role of a well-crafted estate plan in managing Alzheimer's care. Greg and Britton explore how trusts can be valuable tools for shielding assets from probate, Medicaid estate recovery, and creditors. They also share methods to protect your spouse and ensure long-term care needs are met without draining family resources. Highlighting the importance of nominating a preferred guardian in legal documents, they offer insights on how to avoid unwanted court-appointed guardianships. Whether you're planning for yourself or assisting a loved one, Greg and Britton provide essential advice for maintaining control over your assets and qualifying for benefits to cover long-term care. Tune in for this invaluable discussion on legal prevention and elder care planning.