Second Half of Life Podcast

What Happens if I Don't Protect My Assets, But Then Need Long-Term Care?

August 21, 2021 Steinbacher, Goodall & Yurchak Season 2 Episode 40
Second Half of Life Podcast
What Happens if I Don't Protect My Assets, But Then Need Long-Term Care?
Show Notes

What are the consequences of not doing any estate planning? Well, you can roll the dice and maybe you won't have any problems. But with an average of 1 in 5 adults needing some type of long-term care in their lives, why tempt fate? Basically, if you require long-term  care, whether it's in a nursing home or even some type of in-home care, and you haven't done good estate planning, things could get very dismal, and your assets could disappear in a relatively short time frame. 

In this podcast episode, Long-Term Care Planner Kristin Daugherty talks about what can happen if you wait until you need long-term care to do your estate planning.