A live & interactive discussion that will dive into legal planning, challenges, and solutions for current and future solo agers! Co-hosted by Carol Marak, Author of Solo and Smart
As a solo ager with no people to whom I want/need to leave money, but also no one to take care of me, the challenge is how to plan the spend down of my wealth. Ideally I would spend the last penny as I jump in my grave. Annuities have, in my view, lots of complications and restrictions and other problems.
Banks: What if you have $1 million but it is in real estate? Do banks require $1 million in liquid assets?
Steve, Please tell us the expeted duration of this Webinar.
If you have more than one back up successor, how do they make decisions if they disagree?
Please address options for those of us with no savings, assets (other than house with mortgage for 80% of house) or retirement beyond Social Security...
I have a health care agent plus a backup. If I add more, with sequencing, do I have to redo the document and must it be notarized?
So on safe desposit box you can name someone who can have access only if you die or are declared incompetent?
I have been told most banks will not accept my general power of attorney, but require their own forms. True?
Revocaable Trust, does a general statement that " I hereby put all of my property in my trust," does this title the property to the trust?Thank you so much
If you have already added your children to a bank account to handle things in an emergency situation should I try to undo that?
This is much more of a problem as we have shifted from defined benefit to defined cost pension plans.
Thank you!
What about a pour over willl to the trust?
What time is Medicaid Monday at Byrd and Byrd?
Chat Transcript:
Carol MarakSolo Aging Advisor, Published Author, Solo and Smart (2021) Founder, Elder Orphan Facebook GroupCarolMarak.com Subscribe to my Solo and Smart YouTube channel and receive tips on how to live the best for the rest of your life! Tips based on my upcoming book, Solo and Smart, coming to bookstores and Amazon in 2021. 512-423-4098 Featured in: NYTimes, NextAvenue,Huffington Post, Wbur - here & Now, AARP, USA Today, PBS, US News, Washington Post, Chicago Times, Austin American Statesman, Fort Worth Telegram, Homecare Magazine, ASAging, VolunteerMatch, Health Technology Forum, and more! CarolMarak.com
12:05:46 From Jessica Fredericksen : Good morning! Jessica Fredericksen, Brain Health Program Manager at Goodwin House Inc. Learn more about our StrongerMemory program at www.strongermemory.com or email me at jfredericksen@goodwinhouse.org
I am also a Certified Alzheimer's and Dementia Care Trainer- reach out if you are interested in the training required to become a Certified Dementia Practitioner!
12:08:51 From Steve Gurney - ProAging Sourcebook : Carols website https://carolmarak.com/
12:12:45 From Lin O'Neill to Hosts and panelists : Will we be able to obtain a recording of this WONDERFUL presentation?
12:13:51 From Steve Gurney - ProAging Sourcebook to Lin O'Neill and all panelists : absolutely it will be at https://www.retirementlivingsourcebook.com/digital-discussions
12:16:30 From Peggy Floria : You can also be a solo ager if you have kids and siblings if none of them are willing to help.
12:19:45 From Stephanie Swerdlow : would you be to share the slides please
12:23:05 From Thomas Batcho : Hello Thomas Batcho from
12:23:15 From Thomas Batcho : Life Force Elder Care
12:24:41 From Steve Gurney - ProAging Sourcebook to Stephanie Swerdlow and all panelists : yes we can upload with the recordings at https://www.retirementlivingsourcebook.com/digital-discussions
12:25:18 From Thomas Batcho : Tom Batcho Life Force Elder Care 3544 W. Chester Pike Newtown Square, PA. Contact me at tbatcho@lifeforceeldercare.com. We do live in elder care services Hello
12:25:18 From Jennifer Brown : Hi. Jennifer Brown - Seabury Care Management - 202-364-0020 - jmbrown@seaburyresources.org -
12:26:50 From Jane Forer : The bank requires a minimum for what? As a fee (surely not!). As a deposit?
12:28:48 From Pat Charoni to Hosts and panelists : Please address options for those of us with no savings or assets or retirement at all (other than a mortgage on my house) too. Living on Social Security
12:29:45 From Steve Gurney - ProAging Sourcebook : Jenny Pearson
CTS Outreach Coordinator
Department of Disabilities
Telecommunications Access of Maryland
Maryland Relay
301 West Preston St. Suite 1008a
Baltimore, MD 21201
jennifer.pearson@maryland.gov
443-280-4535
www.mdrelay.org
12:32:59 From Steve Gurney - ProAging Sourcebook : American Association of Daily Money Managers https://secure.aadmm.com/
12:34:32 From Peggy Floria : Your life is a Team! You should expand your circle involved in solo aging to your doctor, your therapist, your friends, your CPA, your realtor--you never know where help can come from.
12:34:36 From Bonnie Elliott : I agree! CarePatrol helped a gentleman find care recently whose wife passed away in March. He had a team of 4 with different skills attending to his best interest in different roles.
12:35:01 From Steve Gurney - ProAging Sourcebook : Aging Life Care Professionals https://www.aginglifecare.org/
12:35:13 From Lin O'Neill to Hosts and panelists : Can you adjust the settings so we can save the Chat?
12:35:55 From Steve Gurney - ProAging Sourcebook to Lin O'Neill and all panelists : we drop a copy of the chat with the recording at https://www.retirementlivingsourcebook.com/digital-discussions
12:41:03 From Steve Gurney - ProAging Sourcebook : National Academy of Elder Law Attorneys https://www.naela.org/
12:44:27 From Peggy Floria : I use something called a "Life and Care Directory" by PlanAhead. It includes emergency information, names of my doctors, known health issues, medication list, pharmacy name, home information, utilities, my insurance information, legal, bank accounts, property and assets, and all of my points of contact to call in case of my death.
12:44:49 From Peggy Floria : This is in addition to my will, POA, etc.
12:47:25 From Steve Gurney - ProAging Sourcebook : Silvernest is built from the ground up to make homesharing a breeze. https://www.silvernest.com/
12:49:57 From Bonnie Elliott : Also Elder Care Ready pack from Stuart Furman - https://www.eldercareready.com/
12:51:48 From Es Peterson to Hosts and panelists : If the Will is filled in advance at the courthouse, is it available to others to view?
12:52:12 From Dixcy Bosley : Recommend creative approach to house sharing. My House Our House. By. Karen M Bush
12:56:03 From Dixcy Bosley : Select younger, local, clinically competent POAs and include a care manager on your team to help advocate for both you and your POA in a time of crisis. Dixcy Bosley RN MSN. Iona Care Management
12:57:55 From DELMA THOMPSON : That's a good question
12:58:09 From Peggy Floria : Timing Assets: Do you have LTC insurance already? Get that done before you count your money.
12:58:57 From Dixcy Bosley : Can you speak to the abusive nature of well resourced folks/ adult children who hire an elder attorney to move money so folks qualify for Medicaid , a federal safety net for folks who are poor.
13:01:52 From Bonnie Elliott to Hosts and panelists : Question in chat from Dixcy
13:04:27 From Mary Moeder to Steve Gurney - ProAging Sourcebook(Direct Message) : Byrd & Byrd has Medicaid Mondays Call or Text 301-464-7448 and we can help answer the Medicaid questions and help plan for your future
13:04:43 From Steve Gurney - ProAging Sourcebook : Byrd & Byrd has Medicaid Mondays Call or Text 301-464-7448 and we can help answer the Medicaid questions and help plan for your future
13:04:58 From Deb Merriner : Thank you for this valuable info! Deb Merriner, Buckley’s for Seniors, Premium Companion, Concierge and Transportation Services, 703.390.0535
13:05:36 From Cynthia Wilcox : Thank you. Great information and the three of you were terrific together.
13:05:36 From Pat Charoni to Hosts and panelists : Thank you all!!
