Are you or a loved one facing the challenges of dementia care? Avoid these 5 critical estate planning mistakes to protect your family’s future. In this video, Gilfix Law’s experts, including Michael Gilfix, discuss the most common errors families make when dealing with dementia and estate planning.
Learn about the importance of having a well-designed estate plan, including a living trust, power of attorney, and advance directive. Discover why naming the right person is crucial and how frequently updating your documents can save you from future headaches. We’ll also cover essential topics such as Prop 19, California real estate, property taxes, and why unwise asset transfers can cause more harm than good.
Get practical advice on long-term care resources, government benefits, and the significance of consulting with elder law or estate planning experts to navigate the complexities of legal and financial planning.
CHAPTERS:
00:00 – The Growing Issue of Alzheimer’s and Dementia
00:38 – Mistake #1: Failure to Plan
02:03 – Mistake #2: Not Naming the Right Person
03:15 – Mistake #3: Not Having the Right Person
06:11 – Mistake #4: Not Learning About Resources
07:05 – Medicare Will Not Pay for Long-Term Care
07:41 – Mistake #5: Not Getting Long-Term Care Insurance
10:43 – Mistake #5: Taking Unwise Steps to Transfer Assets
12:51 – Recap of the 5 Mistakes
14:55 – Final Thoughts & Outro
This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues.
To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com
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