Attorney-CPA Joe Cordell highlights the importance of having all of the necessary estate planning documents in place as you age, on this episode of ElderTalk with Joe Cordell. Joe details the ins and outs of long-term care insurance, as well as self-insurance.
He talks about the rehabilitative care and short amount of time required for Medicare to cover long-term care and compares it to the Medicaid planning involved in qualifying for Medicaid. Joe also highlights the history of elder law, as it relates to long-term care and Medicaid planning.
Joe describes the utility of a durable Power of Attorney and explains the roles of a conservator and a guardian ad litem. He also talks about the Power of Attorney for health care and the various decisions regarding care that can be involved.
Joe also navigates the ease of a trust and how useful they can be, in preserving assets for beneficiaries.