Wills vs Trusts Webinar

Wills vs Trusts

Wills

Approximately 55% of American adults do not have a Will

  • 57% said they “just haven’t gotten around to making one”
  • 22% felt that making a will wasn’t urgent
  • 17% didn’t think they needed a will
  • 14% don’t have a will because they don’t want to think about death

What is a Trust?

  • A Trust is a contract or agreement between a Grantor and Trustee to hold assets (money, real property, objects, etc.) for the benefit of a beneficiary
  • Testamentary Trusts, which are inside your will and go into effect when you die
  • Living Trusts, which take effect during your lifetime
  • Many different types of Trusts depending on your needs and goals
  • Privacy

Download the Wills vs. Trusts 2020 Power Point Slides

Learn More about Harry Miller

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Elder Law and Estate Planning Basics

What is Elder Law?

  • Choosing someone to help you make health care decisions
  • Getting help managing your finances
  • Choosing someone to manage your affairs if you become incapacitated
  • Putting an estate plan into place
  • Planning ahead for your long term care needs

Everybody Needs Long Term Care

  • The number of seniors needing long term care is growing as Baby Boomers turn age 65
  • There are currently 44.7 million people in America age 65 and older, representing 14.1% of the US population, and that number is expected to double by 2060
  • Currently an estimated 12 million people need long term care, and that is estimated to grow to 27 million people by 2050
  • The lifetime probability of becoming disabled is 68% for people age 65 or older

How Do I Plan for Long Term Care?

  • Where do you want to receive services?
  • Who will provide your care?
  • How will you pay for your care?

Long Term Care Costs

Home Care

  • unpaid home care – spouse, children, family, friends
  • paid home health aides – average cost $24 per hour, costs vary depending on number of hours you need

Assisted Living

  • costs can range from $4,000 per month to $7,000 per month, depending on the level of assistance you need

Nursing Home

  • average cost is $15,000 per month

Download the Elder Law and Estate Planning Basics presentation PDF files

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Client Appreciation Webinar

Below you will find the webinar in its entirety, as well as seperate videos for each of the major information segments.

Thank you to all who attended.  If you have additional questions, please contact our firm for a free consultation.

Community Medicaid Updates

CARES Act and the Secure Act

How Medicaid Trusts Work

Client Appreciation Webinar in its entirety

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New Medicare Payment Method Causing Cuts to Home Health Care Services

Medicare Payment Method Causing Cuts to Home Health Care Services

A new payment method for Medicare providers is making it harder for some home health care patients to receive physical, occupational, or speech therapy. Under the new system, providers are refusing to cover some therapy services. 

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Yes, You Can Receive Unemployment and Social Security at the Same Time

If you are already receiving Social Security, are you also eligible for full unemployment benefits? Until recently, the answer was not necessarily. 

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