Adapting Your Estate Plan for Health Changes and Long-Term Care Need [Video]

In the latest episode of The Legacy Talk Podcast, the focus is on the critical aspect of estate planning, especially in the face of health changes and the need for long-term care. As life progresses, health conditions like dementia become more common, necessitating a review and possibly a revision of one’s estate plan. It’s essential to consider how to best support a spouse with dementia or how to set up a special needs trust to ensure loved ones are cared for without directly giving them a large sum of money.

The episode dives deep into the importance of adapting estate plans to take advantage of Medicaid and other programs designed to aid in long-term care situations. With the rising costs of long-term care facilities and the shift away from the traditional family home setting, having a robust and effective estate plan can offer significant benefits.

Listeners will gain insights into how laws can work in their favor and the steps they can take to secure their and their loved ones’ futures. It’s more than just preparing for the inevitable; it’s about making smart decisions that align with changing health needs and financial landscapes.

For a more detailed discussion on this topic and practical advice on estate planning, check out the full episode.

Listen to the full episode here: https://pbp.li/ltp25

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