Estate Planning and Elder Care

Ken:
Friends let me tell you something. If you don’t go to Securus to secure your financial future, you won’t be able to wear these, because I did and my future’s so bright, I got to wear eclipse glasses. That’s how good it is, alright?

Ken:
We’re going to talk about, they have there’s on too! Because their future is so bright. We’re with Chris Shreves and also Brian Quinn to talk today about future care, elderly care, wills, trusts, things like that right?

Brian:
Absolutely, Ken.

Ken:
Brian talk to us about what people need to know.

Brian:
Sure so at our office what we do is a lot of planning for, we do estate planning and elder law as well as long as, as well as long term care planning for a lot of our clients. Thank you for getting that [crosstalk 00:00:57].

Chris:
You talk with your hands that’s why.

Brian:
Exactly yeah I won’t talk with eclipse glasses there. So we plan for people of all ages but we have a real sweet spot for those that are going, planning for retirement or seniors that are going through the long term care process.

Brian:
One thing that we’re finding is that it is becoming increasingly more important to plan for long term care costs which are rising and also because government benefits like Medicaid benefits and VA benefits, which we do a lot of at our office are becoming increasingly more difficult to qualify for.

Ken:
When you sit people down and start to talk about things, what are some of the biggest surprises that people on the other side of the table might have? That say, “Oh I’ve never thought of that.”

Brian:
Well one of them is the importance of planning in advance. A lot of government benefits out there for instance ask you to plan at least five years in advance before you can qualify for them. The costs of long term care is something and also the ease, a lot of time of the time of qualifying for financial investments, long term care solutions that you can plan for in advance, also, the importance of having legal documents as well.

Ken:
Well and people have had in the past they’ve had perhaps they have pensions, they may have 401k plans or IRAs that they’ve rolled over, they may have other instruments that they use to retire and to bring that all together and tell us when we want to take each one of those, that’s really important.

Brian:
Absolutely and one thing that we do here at my office and through the circle of advisors is we like to marry both the legal planning and the financial planning together. So that when anyone comes into our offices they have a better solution than if they just went to an attorney or just went to a financial advisor.

Ken:
Well and that’s what I was going to say Chris. That’s the advantage of Securus is that you have this, what you call the circle of advisors, you’re not just going into one office and talking to one person, you have access to legal and advisors, financial advisors and everybody that you could possibly need.

Chris:
Yeah brokerage, tax, insurance, legal. All of those things tie together to make a plan a whole lot more holistic and it’s nice when we can deal with Brian’s office because they know what to expect out of us, just as the other folks do as well. It really eliminates a lot of errors and inefficiencies in the plan, because everybody is working together.

Ken:
Well and everybody has a unique plan or is in need of a unique plan. Each person that comes to you is unlike any other. They’re like snowflakes.

Chris:
Exactly, the younger folks come in and get their things done. Of course they’re a little bit more proactive if they’re young getting it done. But it’s the folks that are older that are more reactive as opposed to proactive and they’re finding out right now that some of these benefits like Brian said, are getting harder and harder to get and qualify for. So in the main plan now they’re doing a lot of getting ready for that in the future. So it’s important.

Ken:
So as we approach that window, that maybe that five years that you talked about Brian. That’s when it may be really important to make sure you’ve got it really sown up.

Chris:
Actually before the five years. You really want it done well in advance. Be very, very proactive.

Ken:
Okay thank you both for being here today.

Brian:
Thank you Ken.

Ken:
Good luck.

Brian:
I appreciate it.

Chris:
Alright.

Ken:
Keep the shades on alright?

Chris:
Alright will do it.

Ken:
Don’t look directly at the sun.