Smart Planning 101

In this episode, Audrey Ehrhardt from ElderCounsel and I discuss the fact that people THINK they’ve “gotten it all taken care of” – but we explore the reasons why this is a dangerous assumption and some of the things you should do about it. A Will Isn’t Enough (And Neither is A Revocable Living Trust) Your Financial Power of Attorney Needs Review This topic is important because so many people (both children AND parents) have mistaken beliefs that things are “all taken care of” – and find out that they are NOT when there is much less that can be done about it. Part 1: (Episode 15): The Cost of Long Term Care is Rising (And Why It Matters to You) 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. I also discuss the frequently discussed statement, “I’m never going to a nursing home – so don’t ev