Answers For Elders Radio Network

With multi-generational housing on the rise – aging parents moving in with their adult children — this segment looks at the complex issue from the child's point of view. Elder law attorney Andrea Lee from Legacy Estate Planning joins Suzanne Newman on the Answers for Elders podcast to talk about expectations and approaches. Andrea says, "There's obviously many ways this can be set up... And the big question that we always want to advise is sitting down and formulating a plan of what that would look like, not just structurally, but emotionally. If mom and dad were to live in there, if mom and dad are investing hundreds of thousands of dollars to modify a house or to add an apartment, then the conversation needs to be had. My recommendation is two kitchens, two living areas. That has been a proven need to make long term care housing happy for everyone, is their home separate space, so you're not constantly in each other's hairs. But the conversation the child needs to have with their parent is, 'hey, if you're investing all this money and you're living with me, both parties need to be protected.' So you have to have a plan. "What about the time when mom and dad die? What is going to happen with that money they've invested? Do they expect to be put on that deed? Do they expect to earn an ownership interest in that property, or are they going to treat it as a gift to the child and say, 'I'm giving you this $200, $300,000, and my hope is you let me live in this apartment that we're building. That creates a risk for the parent, because what if the kids change their minds after a few years? They don't want mom and dad to live there anymore. If it's a gift, the parents aren't protected. But if the parents own an ownership interest in that house, then it opens the kids up to the possibility of, if mom or dad die, and that becomes a part of their will, or distributed through their trust, might they be in a position where they have to sell their own house to pay off a sibling? You don't want them to be in that position either." Andrea adds, "Many questions can arise if your parents are thinking of living with you. it's absolutely essential that the parent and the child sit down and discuss these possible scenarios. And because most people only do this once in their life, it is best done if that parent and that child sits down with professionals who have experience guiding families through creating multi-generational housing. So you can discuss the pros and the cons and the risks to the parents and to the child." Learn more: About Andrea LeeLegacy Estate Planning websiteLegacy Estate Planning podcasts Check out our affiliate podcast Alzheimer’s Speaks.

Since COVID, there has been a 40% increase in multi-generational housing: either senior parent or parents have moved in with their children, or kids who can’t afford to live on their own have moved back home again. For an aging parent, they wonder: should I sell my house? Should I invest money in my son or daughter's home? Should I move in with them? What does that mean for my overall estate plan, my assets? How does that affect the other heirs if I have other children? Elder law attorney Andrea Lee from Legacy Estate Planning joins Suzanne Newman on the Answers for Elders podcast to talk about this complex issue. Andrea says, "I'm a huge proponent of multi-generational housing. If you want your kids to help you, it shouldn't be a burden to them. My own mom and dad bought a house half a mile from me, and that's what allowed us to keep my mom home for ten years after her dementia diagnosis, because we were able to support my dad and provide that care. And it's even easier if you can live within the same house, because that even decreases that burden of having to go somewhere else to help with that day to day care that people frequently need as they age. "Now in some instances, maybe a multi-generational house itself is not the best option, or it's not feasible. But at minimum, you need to live within a mile of your kids... I was part of that sandwich generation, where I had young children at home and I had a mom and dad who needed help. And I'm an attorney, and I work full time. And it was overwhelming at times for me to try and balance my kids, their sports, their school, dinner, homework, work, and also care for my parents. And so for any parent who's out there, moving near your child so that they don't have to drive 30 minutes — that's an hour out of your day, that's valuable time that really causes a lot of stress for your children. "One of the challenges I have found as an elder law attorney with multi-generational housing is combining two households. That's so hard to do, it can actually increase stress a lot. So if you want to live together, the goal is that it is beneficial for everyone, and not just you as a parent. First, take a step back and say, 'I want to make sure I'm not overly burdening my child,' and setting up that expectation of what your child is going to do for you, listening to them in their circumstances... "Mom and dad are thinking, I'm going to make a very large investment. I'm going to remodel my son or my daughter's home so that I can have a downstairs living area that is wheelchair accessible, and that I can age in for the rest of my life. Well, then you have to have that conversation, if mom and dad died a few years later, that money has been invested into that child's house and the other children aren't going to get the benefit of that. So those parents need to make sure they've updated their estate plan. They've created a deed that allows that resource to then pass to the child with whom they're living. Or if that's not what they want, they have to have that clear conversation and expectation with that child. But also with other members of the family, they don't want to be in a circumstance where mom and dad die. Something happens. They can no longer remain in that home, and people are fighting over the investment mom and dad made into living there. And what's going to happen to that? There's so many ways it can go wrong, that's extremely important for clients who are considering doing this, sit down with an expert who has a lot of knowledge of multi-generational housing and issues that need to be addressed when making that decision." Learn more: About Andrea LeeLegacy Estate Planning website

Daphne Davis from Pinnacle Senior Placements in Seattle, Washington joins Suzanne Newman on the Answers for Elders Radio Show to talk about providing nationwide assistance for people seeking answers. Daphne says, "When you're looking for someone to help you guide you through this maze of options, ask for referrals in terms of what are other families — and I would specifically ask for, I want to know about your hardest ones. You know, I want to know about the ones that you had to work hard. What was the outcome? And it doesn't have to be all rosy. We're human beings, right? We know that things can go sideways. That's the uniqueness of each story. "I am president of the chapter in the State of Washington for NPRA, the National Placement and Referral Alliance. It is a trade association specific for referral and placement agencies. They have a code of ethics that they are developing nationwide, much like you would think of the Bar Association for attorneys, but certainly not at that level of sophistication. It allows me to be able to have vetted people in most states that can provide the level of guidance that I would want for for any of my clients. "And so that really does my heart well in terms of being able to be a part of Answers for Elders and having this nationwide presence, that we can start to establish a a litmus, a benchmark of what consumers can expect. And the other piece that NPRA does is really focuses on legislation about family choice, being able to protect our seniors and not being bombarded by a constant information that's not appropriate or feeling like they don't have choice. So that's something that NPRA is very, very focused on. I wanted to share with you that information on how can I help people nationwide when I'm sitting in the Seattle greater area." Daphne adds, "It's very hard to know who I'm supposed to trust these days. And so there's there's some ways of just vetting people through NPRA. There's a test that's designed specifically for referral agencies, and you can look for a little CPRS [logo], which is Certified Placement and Referral Specialist, and it's very akin to little letters behind someone's name. CSA, Certified Senior Advisor. And the difference between the two is the CSA is broad — it's for many, many different disciplines of help and support to our senior communities — and the CPRS is specific to [people] like myself. So that's one thing that you can look for." Reach Pinnacle at 1-855-734-1500 or visit PinnacleSeniorPlacements.com. Learn more: Pinnacle Senior PlacementsAbout Daphne DavisHear more podcasts Check out our affiliate podcast Alzheimer’s Speaks.

Daphne Davis from Pinnacle Senior Placements in Seattle, Washington joins Suzanne Newman on the Answers for Elders Radio Show to share her top five tips for choosing a referral agent, specifically to help you find medical assistance for a senior loved one, or to choose a senior living community for them. Reach Pinnacle at 1-855-734-1500 or visit PinnacleSeniorPlacements.com. Learn more: Pinnacle Senior PlacementsAbout Daphne DavisHear more podcasts Check out our affiliate podcast Alzheimer’s Speaks.

Daphne Davis from Pinnacle Senior Placements in Seattle, Washington joins Suzanne Newman on the Answers for Elders Radio Show to talk about why and how to choose a referral agent to help with making choices about a senior parent. Daphne says, "When you don't have enough information about making a really serious decision or consequential decision, inevitably what I have found is that people have to make another decision in a very short amount of time. What is the right fit for my mom or dad? I don't want to limit it to just talking to adult children and talking about your mom and dad, but let me just generically paint that picture. Even if you're looking for yourself, having enough information so that you don't have to move again is probably one of the things that could motivate consumers to want to explore a referral agent. "Many times we can think we can do this ourselves [with] a computer and the Internet... But in this scenario, people are very unique, and they do not fit into a cookie cutter, one-size-fits-all group... It's so important to me to find to be able to meet the loved one. And I don't I don't care if it's for 2 minutes or 2 hours. There's a uniqueness in the energy of your loved one that is important to pick up on. And that's one of the things that in choosing a referral agent, make sure that they're not going to just work off of piece of paper of symptoms and general allergies... Inviting a professional to help you in figuring out where is your mom or dad right now, or where are you right now in the journey of life? What chapter of life are you in to have someone be able to come in and take a snapshot picture of today?" Daphne adds, "What are our highest values in making this move? Why are we making this move? What are the things that have to exist in this new place called home for your loved one? Once you've established what those highest values are, then you as a family — and I'm going to just talk as a family — you can keep each other accountable to that litmus to that list of highest values and not get in the weeds, but mom really liked doing Fill in the Blank. And she was 40 years old when she did that... So sticking to what are the highest values, that's what a referral agent will do, will help walk through discovering what are the important things to talk about. "I'm going to generically say in our later years in life, whatever number that starts out, but 80, 90 years old, being able to to say, what is it today? Yeah, Dad used to like to go out and go fishing and he still has that interest, but he's not fishing anymore. But now he wants to talk about it. Or now he wants to educate other people about how fishing, or he wants to be proud of his collection of fly fishing poles, whatever it is... it's not choosing a community that he gets to go out on the river and go fishing." Reach Pinnacle at 1-855-734-1500 or visit PinnacleSeniorPlacements.com. Learn more: Pinnacle Senior PlacementsAbout Daphne DavisHear more podcasts Check out our affiliate podcast Alzheimer’s Speaks.

If you're faced with the daunting challenge of helping a senior loved one find medical assistance after an injury or choose a senior living community to move to, you're not alone. Daphne Davis from Pinnacle Senior Placements in Seattle, Washington joins Suzanne Newman on the Answers for Elders Radio Show to talk about finding a referral agent to help answer those questions. Daphne says, "I have 25 years of being able to see some patterns in this industry of housing and care for elders and seniors. What I'm seeing now is a lot of hesitation and people not sure who they can trust. I'm seeing families come to me and say, 'I just don't have enough information. Why are people not telling me what's going on with my mom or dad? I don't know what direction to go.' It used to be this way Medicare covered X, Y, and Z, and now I'm finding out they don't cover that anymore... "If you think of a hospital and what used to happen there was, you had something get diagnosed or responded to in the E.R., you had some time to recover. If you have surgery, you have some time to recover. That's not the case anymore. Now they ship you off to rehab... and, well, what's rehab, what's skilled nursing, what is this? And what can I expect there? "Do I take mom home? Do we do in-home care? Do we contract through our insurance, Medicare insurance? Do I have P.T.A. and speech therapy come in? Do I go to an assisted living? Physical therapy or occupational therapy? Or do I look at assisted living?" Daphne adds, "What are you going to get when you have chosen someone to help you, whether it be in a referral agency, or a moving company, or an elder law attorney? I'm really looking forward to talking about the subject of, what do you look for in a referral agent? We do have referral agents available nationwide. Each state has their own requirements of what a referral agent can and can't do. And some states are more sophisticated about having requirements in terms of how to run their business. "In general, I get to come in, hear the story, do some research, go on a tour, show you what's available out there, and then you, the family, have some guidance to make an informed decision." Reach Pinnacle at 1-855-734-1500 or visit PinnacleSeniorPlacements.com. Learn more: Pinnacle Senior PlacementsAbout Daphne DavisHear more podcasts Check out our affiliate podcast Alzheimer’s Speaks.

If you're single, it's much harder to plan financially in advance for retirement, as there are more options available for married couples. To alleviate worries about finances and aging, or the possibility of an unhealthy retirement where you might face a chronic illness, you may want to research alternative living facilities on your own ahead of time, or prepare irrevocable trusts to preserve assets. Elder law attorney Andrea Lee from Legacy Estate Planning joins Suzanne Newman on the Answers for Elders podcast to talk about various ways single folks can protect their assets for retirement and beyond. Andrea says, "I have found that frequently single individuals have a whole other set of challenges that they need to face when doing their estate and long term care planning. If there's a spouse, there are significant things that we can do to preserve assets. And unfortunately, so many single people just don't have those same resources. And it's oftentimes a huge stress and a burden for them as they anticipate aging. Hopefully they've met with a financial advisor or someone who's a little bit knowledgeable and developed a budget and a plan to make their money last." Andrea adds, "I do recommend people plan to live to 100. Not many of us make it, but some do. So it's better to plan for it. But for single people, especially if they are concerned about long term care, I do get that phone call frequently where somebody is saying I have adequate resources to pay for healthy retirement, but I am concerned about unhealthy retirement. I'm concerned about the stroke, I'm concerned about dementia, I'm concerned about ALS, or any type of [chronic illness]... For single people, unfortunately, there are not as many good options if you're facing incapacity and needing long term care. What's the priority? And it's definitely putting in place that financial power attorney, putting in place that health care power of attorney. "But I would say it's also being much more conscientious about planning for the future incapacity and ensuring you have adequate resources and adequate plans to pay for that. If people are single, they have adequate resources, we want to look at long term care insurance. Is that a viable option for you? It's important. It's essential to have a housing plan in place. It's essential to sit down and say, you know, if I become incapacitated, what do I want that to look like from a practical standpoint? Because you might not have a spouse to step in and make those decisions for you. And so the question is, hey, can someone take care of me at home? Do I have the resources to hire someone if I don't have family members who can step in? And if neither of those are true, what are the alternatives that I would feel comfortable with? "So the beauty is there are a lot of options available to single people, but don't wait to plan. Sit down with an estate planning, an elder law attorney. Sit down with your family members, and have that hard conversation about what can people do for you, what are their boundaries." Learn more: About Andrea LeeLegacy Estate Planning websiteLegacy Estate Planning podcasts Check out our affiliate podcast Alzheimer’s Speaks.

Silver Sneakers is the only fitness program that provides financial rewards for staying fit. Members can grow a college fund for a loved one. So even if a senior is on a fixed income, they can actually provide money for a grandchild's college tuition. It's a great motivator to get exercising — people will often do for others what they won't do for themselves. Jan Sheeley explains, "When they go to either a gym or take an online class seven times a month, they can win $250 that goes into your college fund for a loved one." The program is available through Silver Sneakers, free fitness benefits available to senior loved ones through their Medicare Advantage program. Visit https://tools.silversneakers.com/ to see if you have the Silver Sneakers program available in your Medicare Advantage. To sign up for the college tuition reward, visit silversneakers.tuitionrewards.com. Check out our affiliate podcast Alzheimer’s Speaks.

Jan Sheeley from Silver Sneakers joins Suzanne Newman on the Answers for Elders radio show to talk about strategies for making and achieving realistic goals for exercise, in particular to make New Year's resolutions achievable. Jan says, "Tracking things down, writing things down, is helpful. It's the same with fitness. It's the same with food. I'm going to eat one vegetable with every meal. Write down that vegetable. Write down whether you do it or not. I'm going to drink a glass of water with my meal. Write that down. So tracking things, writing them down. Then you know you've got a great achievement, you are winning." Visit https://tools.silversneakers.com/ to find resources on their blog that help with exercise and diet. Check out our affiliate podcast Alzheimer’s Speaks.

For people with chronic conditions like arthritis, exercise can be difficult and painful. Jan Sheeley from Silver Sneakers joins Suzanne Newman on the Answers for Elders radio show to talk about free resources at Silver Sneakers to help, and also provides some strategies for getting started with moving and exercise. Jan says "We do have online documentation, stories, an actionable items on the website. You go to silversneakers.com, you don't have to be a member. That site is completely free. Anybody can access it. We have a blog that talks about chronic conditions. You can choose which one fits you, and arthritis is a very big one. "You don't have to start by going to run a mile today. No, it could be I'm going to walk around the block, or walk around my dining room table. Just get moving. When you do start moving, it engages your endorphins and makes you a lot happier. Feel good about yourself, know you're doing something actionable. Those things really improve your health outcomes." Visit https://tools.silversneakers.com/ to find resources on their blog that help with chronic illnesses. Check out our affiliate podcast Alzheimer’s Speaks.

Jan Sheeley from Silver Sneakers joins Suzanne Newman on the Answers for Elders radio show to talk about free fitness benefits available to senior loved ones through their Medicare Advantage program. Silver Sneakers is a free program accessible through certain Medicare Advantage programs. Check the website to see if you are already enrolled in the program. Jan Sheeley is Regional Growth Marketing Manager for Tivity Health and Silver Sneakers. Jan explains, "Silver Sneakers is a free benefit with a medicare Advantage plan. It allows you to go to the gym in our network for free. You have access to live online fitness classes, and we have over 300 that you can choose from. And you can pick whether it's a yoga, whether it's a strength class, a stretch or a fall prevention class. And then we offer classes through your community center. It's available through either Aetna or Humana or Elements in Washington state. It's through different plans in every state. "To find out, do I have Silver Sneakers, visit https://tools.silversneakers.com/Eligibility/CheckEligibility. On the right-hand side of the website, you just need to put in your first name, your last name, your birthday, and your zip code and hit enter, and it will show you, yes, you have Silver Sneakers. Then it will give you this long code, the eligibility number that will allow you to go into a gym." Check out our affiliate podcast Alzheimer’s Speaks.

A lot of people choose not to get married. They co-habitate, they mix assets, they'll buy a home, and some even have retirement plans. There are many legal protections for married couples, but some of those protections don't extend to individuals who live together, such as Social Security, Medicare, Medicaid benefits. If an unmarried couple decides to live together, they ought to discuss how to protect each other, and consider how do you protect yourself if you choose to live with a partner. Elder law attorney Andrea Lee from Legacy Estate Planning joins Suzanne to talk about protections and estate planning for unmarried couples. Andrea says, "We all like to think that our partners love us, and we'll do what's in our best interest, they'll always put us first. But the reality is, even married couples can each have their own will. They can each retain their own counsel. So if you're an unmarried couple and you're residing together, even if you own a home together, there is the possibility that one partner could go retain an attorney, draft a will, create a trust that says, 'Hey, when I die, my half of the house goes to my kids, or my half of the house goes to the Humane Society.' And so it can be very tricky for unmarried couples or even married couples to plan." Andrea adds, "You might be an unmarried couple. You could live together for 40 years. And if one of you has a stroke — or is in an accident and ends up in the hospital, if you are not married — your long-term partner might not have any legal ability to visit you in the hospital, to talk to your doctors, to make decisions on your behalf. That might fall to your parents — or your sibling who you haven't talked to in decades. So really, unmarried couples, it's even more important for them to sit down and prepare a plan than it is for married couples, because they don't have any of those protections that the law puts in place." "There are different rules in different states, and how each state interprets those relationships. and what rights are bestowed upon different individuals. There are some benefits where, if a surviving spouse gets remarried, they might lose some benefits. Some ... people don't want to give up money that they're earning because of a death of their first spouse by getting remarried. I do military pensions. There are a lot of people who would love to get remarried, but they are concerned about potentially the loss of a military pension, or some other benefit that they might have received." Learn more: Andrea LeeLegacy Estate PlanningLegacy Estate Planning podcasts Check out our affiliate podcast Alzheimer’s Speaks

Dr. Marc B. Cooper sees enormous benefits in using AI to help our senior loved ones, especially in their later age. He joins Suzanne Newman on the Answers for Elders Radio Show to talk about the potential of technology, particularly AI, to combat loneliness among the elderly and improve healthcare management in the future. They consider strategies that can be implemented to help elders feel less isolated. They also think about how AI can assist in the mission of The Contemporary Elder Institute. Additionally, they explored the impact of AI on content creation, with Suzanne sharing her experience using AI tools to help write a book. Marc is the author of "Older to Elder: The Thinking and Being of a Contemporary Elder." Visit his websites at www.requestingwisdom.com and www.drmarcbcooper.com. Check out our affiliate podcast Alzheimer’s Speaks.

Dr. Marc B. Cooper joins Suzanne Newman on the Answers for Elders Radio Show to continue their talk about aging with purpose and intention. They talk about higher consciousness and self-understanding. They ask how a higher consciousness and self-understanding can impact your life. He writes, "After 80 years on the planet, my life’s been anything but linear. In our Western culture, my adult journey followed a prescribed path for success: college, dental school, a residency in periodontics training, and an advanced degree in immunology. This was followed by two years in the Air Force as a periodontist and oral surgeon at the tail end of the Vietnam War. Post-service, I settled into private practice in Bellevue, WA, moonlighting as an associate professor at the dental school for my first few years. "Then, after a little more than a decade, I pivoted. After a decade of drills and scalpels, I traded my dental chair for consulting. I began coaching individual and small groups of dental and medical practices. In the ladder part of my consulting career, my clients included national and international healthcare organizations, hospitals of hospital systems, for-profit and nonprofit boards, business incubators, C-suits, insurers, VCs, vendors, Fortune 500 companies, think tanks, and government agencies. "Existentially, I’ve been on my own walkabout. I completed the est training in 1979 (now Landmark Education) and became a program leader for them until 1984. I participated in programs and sittings at Naropa University, a Buddhist university, where I sat, learned, and added Eastern practices of consciousness. I also spent quality time with Native and Aboriginal elders, which profoundly shaped my current understanding of what it means to be an elder." Marc is currently CEO of the Contemporary Elder Institute. He leads small group programs and does Elder coaching, applying higher wisdom to client's issues, concerns, and problems. Marc is the author of, "Older to Elder: The Thinking and Being of a Contemporary Elder." Visit his websites www.requestingwisdom.com and www.drmarcbcooper.com." Check out our affiliate podcast Alzheimer’s Speaks.

More about aging with purpose and intention: Suzanne Newman is joined by Dr. Marc B. Cooper on the Answers for Elders Radio Show to delve further into the significance of living with intention and purpose as individuals transition into elderhood. Dr. Cooper highlights the importance of authentic elders in decision-making and the need to redefine aging positively. He describes how to live with intention and purpose. He describes the mission of The Contemporary Elder Institute, how he hopes to accomplish the mission, and what a person needs to be to accomplish it. Marc says, "My intention is for listeners to consider what makes Elders unique, why they are closed out in our culture, and the possibility that if Elders were heard in the world, the world would work." Visit his websites www.requestingwisdom.com and www.drmarcbcooper.com." Check out our affiliate podcast Alzheimer’s Speaks.

Aging with purpose and intention: Dr. Marc B. Cooper joins Suzanne Newman on the Answers for Elders Radio Show to discuss the evolving role of elders in society, particularly as the population over 65 continues to grow. Suzanne Newman shared her personal experience of being downsized, which led her to establish Answers for Elders. Both Suzanne and Dr. Cooper emphasized the importance of storytelling and legacy for baby boomers, who control a significant portion of wealth. They discussed the need for elders to guide younger generations and the value of inquiry in fostering personal and societal growth, while also addressing the challenges of ageism and the importance of living authentically as one ages. Marc says, "If you sit down on a bench with Margaret Mead, what kind of conversation would you have? Or an Einstein, or Rubin... How would you talk? How would you be? There's something about them that calls forth something out of you, what a true elder is.” Learn: * What is the difference between Older and Elder? * What qualities and characteristics does one need to become an Elder? * What are the benefits and costs of becoming an Elder? In 2017, he sold The Mastery Company, an entrepreneurial expression founded in 1984. The company grew into a global company. After the sale, he started Seeking Wisdom, a think tank that eventually evolved into the Contemporary Elder Institute. He leads small group programs and does Elder coaching, applying higher wisdom to client's issues, concerns, and problems. Marc says, "And along the way, I authored 13 books, wrote 2,320 newsletters/blogs, published 220 professional articles, featured on podcasts, and burned through 1.25 million air miles. "If you are on the cusp of retirement, or two to three years post-retirement, thoughtfully considering what’s next for your life, I suggest you read my book, "Older to Elder: The Thinking and Being of a Contemporary Elder" and visit my websites, www.requestingwisdom.com and www.drmarcbcooper.com." Check out our affiliate podcast Alzheimer’s Speaks.

Elder law attorney Andrea Lee from Legacy Estate Planning joins Suzanne to talk more about special needs trusts, comparing first party special needs trusts and third party special needs trusts. Andrea provides an example of a third party special needs trust: "Let's say I am a parent of a disabled child, and my disabled child does not have assets. Maybe they're on Medicaid, maybe I support them, but they don't have their own money. I might draft a will, and in my will give my two healthy kids their distribution outright, and then for my disabled child, I in my will might create a special needs trust, using my money for that disabled child because that money never belonged to that disabled child. It was my money and I'm putting it in a trust for that child. That would allow that child to continue accessing Medicaid, continue accessing long term care, continuing accessing Social Security without having to spend that money down. "Now, that's one use of the special needs trusts. But as an elder law attorney, we most frequently use them when we have a married couple, and sometimes we even use them when they're both healthy, but we almost always use them if we have a married couple, and one spouse is incapacitated. "My mom was diagnosed with dementia in 2014. My dad was very healthy. And when my mom was diagnosed, we faced the reality that, as long as my dad was alive, as an elder law attorney, I could use my resources and my knowledge and my skills to help preserve most of my parents money. And I could do that by making sure my parents have a valid estate plan, transferring assets to my dad, moving some things around, maybe just creating a great plan to preserve assets. "But even though my mom was the one with dementia, there was the possibility that my dad could die first. I mean, he could have a stroke. He could be in a car accident. So when we have a married couple, what we frequently will do is we will impoverish the incapacitated spouse, enrich the healthy spouse, and then in that healthy spouse's will, we would create a special needs trust. So in my parents' situation, if my dad happened to have died first, the house that he lived in would go into that trust. The retired accounts would go into that trust, their families would go into that trust so that my mom could receive long-term-care benefits, and all that money could be preserved and help supplement what Medicaid does not cover. So that's a type of special needs trust that can be used by married couples to ensure they never have to spend all of their money down in order to qualify or to keep a spouse on Medicaid benefits for, among other Social Security type of benefits." Learn more: Andrea LeeLegacy Estate PlanningLegacy Estate Planning podcasts Check out our affiliate podcast Alzheimer’s Speaks

So many of us have a loved one that may have special needs, a disability. Maybe a spouse has just been diagnosed with dementia and needs care, and they're afraid of losing their house or their money. If you're in that situation, or maybe your parents are, or a child that has special needs, this episode will be important. Elder law attorney Andrea Lee from Legacy Estate Planning joins Suzanne to talk about special needs trusts and how people can protect their own resources. Andrea explains, "A first party special needs trust is a special needs trust that is created using an individual's own resources. They're the least popular... An individual might use a special needs trusts under the following circumstances. Let's say they were perfectly healthy, but they were in a car accident and they suffered a traumatic brain injury and now they need assistance for long term care benefits, like Medicaid or VA, or they're accessing Social Security. But they can't access those benefits because they have their own money. Maybe they've successfully were employed or maybe they had an inheritance... If it's an individual's own money, we then have to create what's called a first party special needs trust, where we use the assets of that individual to create that special needs trust. They do have a lot of limitations, so we don't use them as often as the other type of special needs trusts... The applicant has to be under the age of 65... and it must have a Medicaid payback. "I practice in the state of Washington, and even though special needs trusts are created based on a federal law and special needs, trusts exist in all 50 states. And the way each state's interprets and treats those special needs trusts is different. So even though I can talk about special needs trusts in the broadest terms, if somebody is really interested in talking about how special trusts could serve them individually, they really need to meet with an elder law attorney in the state where they reside, because that elder law attorney can formulate a fantastic estate plan that will protect their assets, allow them to not lose their house, that will allow them to preserve some of their assets. And there's a lot of ways that we can preserve assets for a married couple, and allowing them to not become destitute, just because of a terrible diagnosis. "Most of my clients are much better served with what we call a third party special needs trust... The third party special needs trust is a trust that's created with the assets of a non-applicant... They can choose the trustee. They cannot be their own trustee, but they could choose a trusted child. They could choose a professional organization. That money is protected, and it's used to provide good quality of life quality for the beneficiary." Learn more: Andrea LeeLegacy Estate PlanningLegacy Estate Planning podcasts Check out our affiliate podcast Alzheimer’s Speaks

We don't spend enough time finding out everything we need to know. Have you got your legal paperwork done? L.E. "Ellie" Brown from Chateau Retirement Communities joins Suzanne to talk about how to find resources for seniors that many people don't even know exist. Ellie says, "I think there's a cottage industry for everything we need in this. It is out there. But here are some of the ideas. There are companies that will literally come in as a real estate company, and help you move to senior living. It will box everything up, put some to sale for an estate, sell some they'll get rid of, all based on your wants and needs. There are companies that will come in and help you do financial review... Bridge loans. There's elder law, who can do the power of attorney executor, especially if there's cognitive issues. Think about this. If your loved one has dementia or Alzheimer's and they're too far gone, they can no longer sign for a power of attorney. Then what are you going to do? Then it's a whole other thing to try to get them the support and love they need." Ellie adds, "There are some great programs out there that don't cost anything to the family. Senior Care Finder is one that I really enjoy a lot. They don't capture your information, but you go on there and you do a search, and it'll show you all the Google reviews, and the different sites in your area, and then it gives you that opportunity to contact those communities yourself... Google reviews are a little tough at times because you get angsty employees, and during COVID, It was rough, but that is still a way to go look, overall... It's got all that vibrant information. Or, there are some amazing smaller paid advisors that will really walk the walk with you. "I always say tour, tour and tour and tour and tour. Have lunch, attend activities in the building. You get to know the building. I have people that didn't move in for four or five years, but they came to every event. They came to the big events. They came to dinner once in a while, or lunch. They get to know the community... So find that place that feels like your mom could see herself living there, and then and go tour, tour and tour. "Tour first as the daughters, or the son, or whoever the caregiver is, and narrow it down. Don't exhaust [mom or dad] with five or seven tours, narrow it down to two or three." Chateau Retirement provides independent living, assisted living, and memory care services. They have been locally owned and family operated for more than 25 years. Chateau Retirement has three communities in Washington's Seattle/Puget Sound area: Chateau Pacific in Lynnwood, Bothell Landing in Bothell, and Chateau Valley Center in Renton. Visit them online at https://www.chateauretirement.com or call 800.960.1944. Check out our affiliate podcast Alzheimer’s Speaks: https://alzheimersspeaks.com/

L.E. "Ellie" Brown from Chateau Retirement Communities joins Suzanne to share how families can best support their senior loved ones. Ellie shares her top three tips for getting through the transition when a loved one starts struggling: 1. Communication. I see that most families are not as open as they could be. If you have siblings, be on the same page. All noticing different things. 2. Have that initial conversation with your loved one, as soon as possible. Hearing from them, learn their wishes. Hopefully you're discussing this early enough to be able to honor their wishes. 3. Start doing your research. Find programs, learn what's out there, what are the options. Chateau Retirement provides independent living, assisted living, and memory care services. They have been locally owned and family operated for more than 25 years. Chateau Retirement has three communities in Washington's Seattle/Puget Sound area: Chateau Pacific in Lynnwood, Bothell Landing in Bothell, and Chateau Valley Center in Renton. Visit them online at https://www.chateauretirement.com or call 800.960.1944. Check out our affiliate podcast Alzheimer’s Speaks: https://alzheimersspeaks.com/