Marc McKenzie of Acorn Law joins me today to talk about elder law and estate planning.
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On today’s episode of the “Jose Luiz Morales Show,” I’m joined by Marc McKenzie of Acorn Law to discuss elder law, estate planning, and how to take care of mom and dad as they get older.
Follow along in the video above to see our full discussion. For your convenience, I’ve provided timestamps so you can jump ahead to various sections:
1:18—What is elder law?
5:44—An oft-overlooked part of estate planning: planning for incapacitation
7:00—As adults get older, how can their children plan for their future?
8:38—Aside from money, what else do people fight over during estate planning?
9:40—The biggest problems that can arise from not planning for the future
11:44—Some of the do’s and don’ts of planning for the future
15:05—What long-term care is and how you can pay for it
20:09—How early should you start researching life insurance?
20:56—The difference between Medicare and Medi-Cal
22:28—What’s required to be eligible for Medi-Cal?
23:15—Common misconceptions surrounding Medi-Cal and Medicare qualification
30:04—What is a living trust and when should you establish one?
32:07—When can you use a will instead of a trust?
34:21—The financial drawbacks of deeding property to a family member
41:56—The bottom line when it comes to estate planning
43:15—What can you do to avoid negative tax consequences
44:44—Wrapping things up
If you’d like to know more about this subject, you can visit Acorn Law’s website acornlawpc.com or give their office a call at (805) 409-3878.
As always, if you have any real estate questions for me, don’t hesitate to give me a call or send me an email. I’d love to help you.
