Curious about crafting a secure financial legacy for your loved ones? Join us as we unlock the complexities of Medicaid planning and estate management with Jim Alder from the Alder Law Group, a seasoned expert who launched his practice in the midst of the 2008 financial crisis. Jim shares invaluable insights into Medicaid-compliant annuities and the intricacies of navigating asset protection with strategies like the five-year look-back rule. Learn how to safeguard family assets and ensure financial flexibility, especially if you have elderly parents or grandparents who may need long-term care.
We explore essential Medicaid planning strategies, from the importance of early crisis preparation to the practical use of Medicaid Asset Protection Trusts. Jim discusses the emotional hurdles families face when initiating these critical conversations and offers a roadmap for leveraging tools like reverse mortgages. Discover how to distinguish between revocable and irrevocable trusts to maintain asset control and achieve peace of mind. Plus, we touch on optimizing VA benefits for wartime veterans, where Jim explains the nuances of eligibility and the three-year look-back period.
Find Du Charme Wealth Management here:
www.ducharmewealth.com/
Find Alder Law Group here:
www.utahtrustattorneys.com/
DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• (800) 955-2517 • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.
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The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated.
#financialsecurity #medicaidplanning #assetprotectionplanning #eldercare #vabenefits #longtermcare
[00:00:00] Intro clip.
[00:10:50] Navigating Medicaid Look-Back Rules.
[00:20:38] Medicaid Crisis Planning and Asset Protection.
[00:28:36] Financial Planning for Medicaid Eligibility.
[00:38:06] Starting the Conversation on Medicaid Planning.
[00:48:34] Networking and Common Interests.
[00:56:55] Closing.