Interview with Dustin Baker at Assisted Living Locators East Valley
Are the Russians hacking your email? Of course they are. So are the French, the Chinese and that odd kid down the street living in his Mom's basement.
Roughly 40% of seniors said in Wells Fargo’s report they have the recommended key legal documents in place: a will, advanced healthcare directive, power of attorney for healthcare and financial matters. And often, adult children are kept in the dark even if their parents have taken the right steps. A third surveyed said they had no idea whether their elderly parents had any financial protections in place.
Deciding if and when you need a probate attorney can be an important decision.
It is best to look at three factors that will be a reason to consult with an attorney.
The assets were not set up in a trust.
The assets are complicated.
Disagreement between siblings.
Any of these three events should make you consider hiring a skilled probate attorney.
Watch Paul Horn who is a trust and probate attorney in California explain how a house should be sold if the parents pass away. This video is geared towards Real Estate Agents to help them understand the process. Property tax advise varies by state. Credit to Paul Horn 800-380-7076 562-474-1231 Paul Horn, Probate Attorney & CPA LearnProbate.comSHOW MORE
Should you choose to use a placement service to help find assisted living? In most cases it is easier than driving all over checking out places on your own.
In large cities the task can be daunting and time consuming. Placement Services are free. They are paid by the facilities.
3 Things you should know about helping aging parents move.
The most important thing to be empathetic. This is not an easy move for them to leave their home.
Understand how they like to communicate if you are having a Real Estate Professional help.
They don't like email and they don't text.
Do your homework to learn if there are any tax issues when you sell the home.
Try to remember that this is math and not emotion. Not the time to get greedy and keep the home on the market longer than you need to.
Many of our parents homes are not a popular floor plan for today's market.
How do you get prepared if you need financial assistance from Medicaid?
There are very strict rules for Medicaid.
If you try to hide funds you can get stuck with a big bill or denial of Medicaid.
There are proper ways to move funds in order to qualify.
There are people who prey on our parents. Watch this video to learn of some of the latest ways a thief will take advantage.
Phone call scams and visits to the home are the most common for people who are retired.
Would your dog make a great therapy dog? Mans best friend is the best visitor when people are in the hospital or care center. Here is a link on how to get your puppy certified: https://www.tdi-dog.org/HowToJoin.asp...
Wire Fraud is on the increase.
Realtors and title companies have been targeted aggressively.
Knowing how to protect yourself is important if you are buying a home.
Making the wrong move could cost you thousands that you will not get back.
Did you know there was such a thing as an obituary scam?
There are bad people who scan obiturarys to find infor to contact family members with a multitude of methods to get money.
If a bank calls asking for a payment. Hang up and then call your bank to confirm. There are many efforts out there to take advantage of the grief of losing a family member.
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