Episode Description
In this special solo episode of Advice From Your Advocates, host Bob Mannor, a nationally board-certified elder law attorney in Michigan, takes a deep dive into a revolutionary concept in long-term care: Caregiver Trusts.
Most people have an estate plan that dictates what happens after they pass away. But what happens during the years prior, when you need regular assistance with daily living? Simply saying "I want to stay in my home" isn't a strategy; it often leaves adult children overwhelmed, underpaid, or facing family conflict.
In this episode, Bob covers:
- The difference between traditional estate planning and true "life planning".
- How a Caregiver Trust works for both high-net-worth individuals and families utilizing government benefits.
- How to fairly compensate family caregivers without causing sibling rivalry.
- Smart financial strategies to leverage your assets, IRAs, and home equity for long-term care.
- How to relieve the emotional and financial burden on your loved ones before a crisis hits.
Whether you have saved a substantial nest egg or are navigating limited resources, learn how a Caregiver Trust helps you maintain your quality of life on your own terms.
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Host: Attorney Bob Mannor, CELA, CDP
Executive Producer: Savannah Meksto, CDP
Producer: Shalene Gaul
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ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.
We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...