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Economics Matters with Laurence Kotlikoff
Navigating Elder Care: Trusts, Estates, and Family Dynamics with Harry Margolis
Mar 7, 2024
Harry Margolis, an expert in elder law, discusses asset distribution, long-term care strategies, Medicaid maze, and elder care options. Learn insights on aging with dignity and security while navigating complex legal and financial concepts for everyday individuals.
47:23
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Quick takeaways
- Plan ahead for elder care to ensure smooth processes and financial security.
- Open communication within families is crucial to avoid conflicts and address inheritance issues effectively.
Deep dives
Planning for Elder Care and Estate Management
When dealing with elder care and estate management, it is crucial to plan ahead to ensure a smooth process for both yourself as you age and for your children. Harry Marvoli's, an elder law attorney, emphasizes the importance of addressing uncertainties in healthcare and the need to plan for home healthcare, assisted living, or nursing home care. He discusses the challenges in finding simple and understandable insurance policies that account for inflation and the complexities in accessing long-term care insurance.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode