Aug 2, 2023
How can older adults and families ensure they have the resources and support they need while safeguarding everything they've worked for their entire lives?
Today, we talk about the critical topic of asset protection, addressing the challenges faced when planning for care in the later stages of life.
I'm honored to have John K. Ross as our guest. John is the founder of Ross & Shoalmire, P.L.L.C., one of Texas's largest boutique estate planning and asset protection law firms. With a distinguished legal career spanning over 20 years, John is a nationally recognized expert in estate planning, asset protection, and taxation. He has assisted countless families in protecting their assets and maximizing their resources. John's insights have been featured in prestigious publications like the Wall Street Journal and Forbes Magazine, and he has spoken at national events on estate planning and asset protection issues. Join us as John shares his expertise and we gain valuable knowledge for securing a stable financial future.
From various types of senior living and home care costs to estate planning, we'll explore the often-overlooked aspects of preparing for the unexpected. We'll discuss how a health crisis can lead to a housing and financial crisis, and what legal steps can be taken to mitigate the financial impact.
Join us as we uncover three primary ways to finance long-term care. Discover the steps you can take to shield your assets and ensure they won't hinder your eligibility for government assistance programs like Medicaid, VA, and Medicare.
Throughout this podcast, John answers crucial questions about asset protection strategies, tax implications, the best time to start planning, and the legalities surrounding asset transfers.
We explore the eligibility requirements for government benefits, Medicaid planning strategies, and how trusts can be used to benefit both you and your heirs. We'll also address the importance of having proper estate planning documents in place to ensure your wishes are followed and your assets protected. If you're looking for sound advice and expert guidance, this podcast is a must-listen.
Learn more at www.rossandshoalmire.com
Listen to John's podcast: Big Picture Retirement HERE.
*Disclaimer: We are not providing financial or legal advice. Please seek your own advisor to assist you with your financial and legal needs.
*This episode is brought to you by Gigi Betty co. A boutique gift shop raising awareness and funds for caregivers and care partners. Show now at www.gigibettyco.com. Use the special code WILLGATHER20 for 20% off your order- Just for our podcast listeners!
We are not medical professionals and are not providing any medical advice. If you have any medical questions, we recommend that you talk with a medical professional of your choice. willGather has taken care in selecting its speakers but the opinions of our speakers are theirs alone. Thank you for your continued interest in our podcasts.
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Nicole Will is our host and founder of willGather.