Highlights from the interview:
Mark Munson, Elder Law Attorney, shares key information that families need to know related to Elder Law—wholistic conversations around maintaining flexibility in protecting assets when increased care needs occur in life.
Mark shares:
5 reasons planning is important. If you fail to plan, you lose. Those that plan, win.
Why those over 55 should have a conversation about dealing with incapacity and long-term care needs. Anything can happen to anyone at any time.
Common misconceptions families often have about planning for long term care needs. Have a conversation to understand the laws because we often don’t know what we don’t know!
When long term care expenses exceed income, there are ways to preserve assets for the spouse and/or family.
Resources:
www.naela.org (National Academy of Elder Law Attorneys)
www.nelf.org (National Elder Law Foundation)
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