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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Understanding and Navigating the Long Term Care Frontier. Kym Hance, CMC

How not to pay for services: Understanding and Navigating the Long Term Care Frontier. Presented by Kym Hance, CMC, Aging Life Care Manager and David Kubikian, Esq for Herzog Law Firm

Learn more about David Kubikian, Esq

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What To Do When a Loved One Dies by Debra Verni

  • Confused about who is in charge?
  • Who to notify?
  • What are the immediate actions to take?
  • Who makes the arrangement and who gets what?
Let us make this heartbreaking event easier to manage.


Learn more about Debra Verni

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Your Coronavirus Checklist by Jane-Marie Schaffer

Your Coronavirus Checklist and Estate Planning Guide. Why you need a checklist? Do you have a list of bank accounts and bill so you can pay them while your loved one is in the hospital? Do you have a plan in place to take care of you or your loved ones in a crisis? Who will make decisions?

Learn more about Jane-Marie Schaffer

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Wills vs Trusts – Basic Estate Planning Documents by David Kubikian for Herzog Law Firm

Learn about Revocable & Irrevocable Trusts, Advance Directives, types of Wills and how to use them to benefit yourself and loved ones. Learn about protecting your home and assets and avoiding court & spend downs.

View more from Attorney David Kubikian.

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Estate and Medicaid Planning Myths by Jane-Marie Schaeffer, Herzog Law Firm

estate and medicaid planning myths

Think you have to spend everything before Medicaid pays for your care? Think the”state” will take all of your assets? Learn the ins and outs of how to qualify and what Medicaid will cover… you will be surprised.

Meet Jane-Marie Schaeffer

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Estate Planning Webinar by David Kubikian, Herzog Law Firm

estate planning in prime time

Have you protected your home and investments, prepared for the cost of a nursing home, avoided unnecessary taxes, considered long-term care options? We will discuss current documents needed and how to protect you hard earned assets against Medicaid.

View more from Attorney David Kubikian.

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Aging in Place – Community Medicaid Update Webinar by Herzog Law Firm

Aging in Place – Community Medicaid Update Webinar by Herzog Law Firm

View more from Attorney David Kubikian.

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