Medicaid Planning and Asset Protection: Navigating Elderly Care

Du Charme Wealth Management Podcast

Curious about crafting a secure financial legacy for your loved ones? Join us as we unlock the complexities of Medicaid planning and estate management with Jim Alder from the Alder Law Group, a seasoned expert who launched his practice in the midst of the 2008 financial crisis. Jim shares invaluable insights into Medicaid-compliant annuities and the intricacies of navigating asset protection with strategies like the five-year look-back rule. Learn how to safeguard family assets and ensure financial flexibility, especially if you have elderly parents or grandparents who may need long-term care.
We explore essential Medicaid planning strategies, from the importance of early crisis preparation to the practical use of Medicaid Asset Protection Trusts. Jim discusses the emotional hurdles families face when initiating these critical conversations and offers a roadmap for leveraging tools like reverse mortgages. Discover how to distinguish between revocable and irrevocable trusts to maintain asset control and achieve peace of mind. Plus, we touch on optimizing VA benefits for wartime veterans, where Jim explains the nuances of eligibility and the three-year look-back period.
Find Du Charme Wealth Management here:
https://www.ducharmewealth.com/
Find Alder Law Group here:
https://www.utahtrustattorneys.com/
DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• [phone] • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.
The information in this podcast is current at the time of recording. It is based upon sources and data believed to be accurate and reliable. The information, opinions, and forward-looking statements expressed herein are subject to change without notice. Moreover, all comments & opinions voiced herein are for informational and entertainment purposes only and are not intended to provide specific advice or recommendations and should not be interpreted as such. Further the opinions expressed are Branden DuCharme's and his guests and do not reflect the views and opinions of SCF Investment Advisors or any of its affiliates.
Investing involves risk including possible loss of principal. No strategy assures success or protects against loss. To determine what is appropriate for you, consult your financial professional. This information is not intended to be a substitute for specific individualized tax or legal advice. DuCharme Wealth Management and SCF Investment Advisors do not provide legal or tax advice. These services are provided by separate entities.
The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated.