017 Options for Long Term Care - Taking Care Of Elderly Parents (Part 3)


Manage episode 154998899 series 1142608
Player FM과 저희 커뮤니티의 Smart Planning 101, Estate Planning, Financial Planning, Business Planning, and Retirement Planning - with Nicole Wipp 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.
What is long term care? How do we plan for our parents' needs as they age - what are our options? In this episode, Audrey Ehrhardt from ElderCounsel and I discuss the many different types of long term care and how to access them. Point being, it is MUCH better to know in advance - be prepared - and not try to figure it out when your loved one has a healthcare crisis! Show notes for this episode: www.SmartPlanning101.com/17 Part 1: Episode 15: The Cost of Long Term Care is Rising (And Why It Matters to You) www.SmartPlanning101.com/15 –Audrey gives some facts and figures about how many people this affects, and how expensive it really is. You may be shocked to learn these details! We also put this into a practical perspective for adult children, so you can see how it relates to you and your parents. Part 2 (Episode 16): Basic Estate Planning Isn’t Enough (Wills, Revocable Living Trusts, and Your Garden-Variety Powers of Attorney Just Aren’t Going to Cut It) www.SmartPlanning101.com/16 –Audrey and I discuss the fact that people THINK they’ve “gotten it all taken care of” – this episode explores the reasons why this is a dangerous assumption, and some of the things you should do about it. Part Four (Episode 18): The Legal Responsibilities An Adult Child May Be Asked To Take On For An Aging Parent (Understand What You Are Getting Into!) –Audrey and I talk about the different types of scenarios that make legal decision making necessary for an adult child; how having proper documents affects this; why you may, as an adult child, need advice not only for your parent’s sake, but also for your own. Part Five: The Pre-Planning Options That Your Aging Parent Needed Yesterday –This topic somewhat revisits the concept that “basic estate planning isn’t enough” but also addresses the specific types of advanced planning that can make a difference in protecting assets and the ones you love.

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