Money & Law
What Does SilverBills Do, Part 1 with Marci Lobel-Esrig
This hour, Marci Lobel-Esrig introduces SilverBills, a Nationwide Concierge Bill Manager.Marci is its founder, CEO and General Counsel. SilverBills helps families manage finances, pay...
Medicaid if You Have Too Much Income
If you're applying for Medicaid, what happens if they say you have "too much income?" Elder Law Attorney Jim Koewler joins Suzanne to discuss this interesting scenario. You would need to seek a lawyer, set up a qualified income trust, called a "Miller trust," and then you have to use that trust every month, in order to even qualify for Medicaid.
How to Prepare Financially for the Unknown
Finance expert David Phillips joins Suzanne to talk about how to anticipate the future by putting a finance plan in place to take advantage of factors that we can control, and account for risks such as longevity, running out of money, potential inflation, taxes, and the needs of long-term care.
Benefits of a Spousal Protection Trust
Asset protection attorney Darol Tuttle explains how a spousal protection trust will double your tax exemptions.
Medicaid When You Have Income
Elder Law Attorney Jim Koewler joins Suzanne to talk about how Medicaid and other long-term care situations handle retirees who continue to receive income the rest of their lives. Income payments can come from Social Security retirement benefits, disability benefits, pension payments, VA pension payments, annuity payments, or income from rental properties.
Asset Management Example for Long Term Care
There are different ways you can remain solvent in your aging years, and there are techniques to maintain and preserve assets. Estate planning specialist David T. Phillips joins Suzanne to talk about the three types of leveraged care solutions and to provide an example of how they work.
Planning Ahead For Long Term Care Costs, Part 3
This hour, elder law attorney Jim Koewler at the Koewler Law Firm provides us with a guide to help people who are worried about long term care costs in the future. There are three basic strategies: do nothing, buy insurance, or give away assets. In this segment, Jim goes in further detail about buying insurance. There are two approaches: the "traditional" long term care insurance, and having long term care insurance tied to an asset investment.
Financial Power of Attorney: Do you know your responsibilities?
A Power of Attorney is a legal document that protects you and protects your senior loved one. It basically says if your loved one...
Untapped Resources to Pay for Senior Care
Emily Schwarz cites a variety of ways to help pay for senior care, including long term insurance policies, life insurance, reverse mortgages, and tax deductions.
How to Spot Red Flags in Admission Agreements, Part 3
Most nursing home and assisting living agreements have a spot for someone to sign as "resident representative." Elder law attorney Jim Koewler joins Suzanne to warn about certain aspects of that. One option is to sign your name with a comma, followed by POA, meaning that you're signing on behalf of your loved one, legally protecting yourself to consequences that can affect you personally.
