Episode 005: How to Talk About Wills, Estates, and Taxes with an Aging Loved One
Tips for Talking about Estate Planning with an Aging Parent
In this episode of the Aging in America Podcast, attorneys Christine Vanderford and Justin Yates discuss the legal issues that families encounter when taking care of an aging loved one. It may be difficult. After all, how do you talk about wills, estates, taxes, and trusts? Nevertheless, these conversations need to happen! Vanderford Law specializes in family law, elder law, estate planning, and business development. They’ve helped hundreds of families learn how to talk about wills and estates. They also tackle issues such as selecting a power of attorney, setting up an asset to be passed down to future generations, selling a business, and much more.
In this episode you will learn:
- How to start a conversation about legal issues
- Who needs an estate plan and why
- Why you can’t be too wealthy or too poor to have an estate plan
- When you should begin the estate planning process
- How to select a power of attorney
- How to leverage assets to provide resources for long-term care
- When to consider long-term care insurance
- Tax tips for inheritance and gifts being passed down from aging loved ones
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