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029: Knowing Alzheimer's (Elder Advocacy Encore Edition)

Absolute Trust Talk

Release Date: 07/29/2019

141: Managing Real Estate Assets as a Trustee show art 141: Managing Real Estate Assets as a Trustee

Absolute Trust Talk

Managing a trust can be challenging, especially when it involves real estate assets. In this episode of Absolute Trust Talk, host Kirsten Howe welcomes Karen Fisher, founder of Bishop Fiduciary Services, and Kathy Rodriguez, a licensed professional fiduciary and co-trustee with Bishop Fiduciary Services. Together, we will explore the complexities of life estates and trustee responsibilities and the essential steps for protecting and maintaining real estate assets, from securing insurance and handling maintenance to addressing unique challenges faced by elderly inhabitants. Karen and Kathy also...

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140: Navigating Trust Complexities: The Family Home Dilemma show art 140: Navigating Trust Complexities: The Family Home Dilemma

Absolute Trust Talk

To all of our local Bay Area listeners, you may have heard about the recent story of a three-bedroom house listed for $488,000 in San Francisco’s Russian Hill with a tenant renting it for only $417 a month. How is that even possible?! If you’re as intrigued as we are, stick with us for this episode of Absolute Trust Talk, where we will be dissecting this situation with associate attorney Jessica Colbert. Listen in as we explore crucial lessons in trust management, the impact of California's Prop 19 on property taxes, and the importance of updating estate plans as circumstances change....

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139: Optimizing Your Portfolio with Alternative Investments show art 139: Optimizing Your Portfolio with Alternative Investments

Absolute Trust Talk

We’ve all heard the saying, “Don’t put all your eggs into one basket,” which rings true for building your portfolio. The ideal portfolio consists of more than stocks and bonds – it includes Alternative Investments, like real estate, drilling funds, and value adds. In this episode of Absolute Trust Counsel, certified financial planner Miguel Delgado joins us for a third installment of our financial planning discussion to take a deep dive into this invaluable topic. Together, we’ll discuss the benefits of Alternative Investments, the different types, how to qualify, and how you can...

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138: Beyond Profits: Tackling Key Issues for Business Longevity show art 138: Beyond Profits: Tackling Key Issues for Business Longevity

Absolute Trust Talk

In our latest episode, we welcome back Miguel Delgado, Senior Wealth Advisor at Legacy Wealth Management. Miguel previously offered an excellent inside look at financial planning for small businesses, and his insights were so valuable that we knew we had to have him on again. This time, we're diving deeper into the challenges that businesses often face, challenges that might need to be added to your radar. For instance, how can you improve employee retention? And for all the business owners out there, do you have a buy-sell agreement in place in case a co-owner decides to exit the business?...

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137: Maximize Your Wealth: Expert Financial Strategies for Business Owners show art 137: Maximize Your Wealth: Expert Financial Strategies for Business Owners

Absolute Trust Talk

Are you a business owner or partner? If so, you don’t want to miss this episode of Absolute Trust Talk! We’re exploring all things financial planning for business owners so you can transform your business success into personal wealth. Joining us is Miguel Delgado, Senior Wealth Advisor at Legacy Wealth Management, who specializes in tax minimization, asset protection, and fulfilling personal passions. Together, we’ll discuss ways you can maximize your savings, secure your assets, and plan for a successful, stress-free retirement. You can even apply some of these tips to your plan today,...

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136: Guardianship Explained: Essential Insights for Effective Estate Planning show art 136: Guardianship Explained: Essential Insights for Effective Estate Planning

Absolute Trust Talk

Have you ever considered what would happen to your children if you passed away? It can be daunting and hard to think about; no one wants to plan for the possibility where they aren’t around to see their kids grow up. We often talk to clients who follow that old superstition that if they don’t think about it, then it won’t happen to them, so why plan, right? In our opinion, that isn’t the best course of action. While it's rare for a child to lose both parents and be taken in by a guardian, it does happen, and it's crucial to be prepared. Fortunately, guardianship is an element you can...

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135: Character Matters Part 2: Estate Planning for Community Property vs. Separate Property show art 135: Character Matters Part 2: Estate Planning for Community Property vs. Separate Property

Absolute Trust Talk

If you missed the first episode of our "Character Matters" mini-series, we discussed the differences between Community and Separate Property and why the "character" of your assets matters in estate planning. As a quick recap: Separate Property includes assets owned before marriage or received as gifts or inheritances during marriage, while Community Property consists of assets acquired during the marriage. Now, as we start Part Two, we're delving into the deeper details of property types and how specifically to estate plan for each of them. Join us as we explore important topics such as...

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134: Character Matters Part 1: Understanding Community Property in Divorce and Estate Planning show art 134: Character Matters Part 1: Understanding Community Property in Divorce and Estate Planning

Absolute Trust Talk

Did you know that in California, any property acquired while married is considered Community Property? This means that, regardless of who bought it, the ownership is split 50/50 in the case of divorce. It also means that if you die without valid estate planning documents, your spouse automatically receives 100% of the ownership. If we’re talking about Separate Property, that’s a slightly different story, and of course, there are always exceptions to the rule. This episode of Absolute Trust Talk kicks off our Character Matters series, where we’re diving deep into the important...

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133: From Wheels to Waves: How to Fund Your Trust with Cars, Boats, or Mobile Home Assets show art 133: From Wheels to Waves: How to Fund Your Trust with Cars, Boats, or Mobile Home Assets

Absolute Trust Talk

When it comes to funding your trust with assets like cars, mobile homes, and boats, it can get a little complicated and confusing. For instance, do you know whether or not you need to retitle your cars to your trust? And when it comes to mobile homes, before you can even determine whether you should retitle it, you must first know if it’s registered as a vehicle or a home. And what’s recommended for cars and mobile homes differs completely from boats. In this episode of Absolute Trust Talk, we explore these topics in detail to answer some of our most commonly asked questions so you can be...

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132: Trust Funding in a Digital World: Safeguarding Virtual Wealth show art 132: Trust Funding in a Digital World: Safeguarding Virtual Wealth

Absolute Trust Talk

One area of estate planning that is largely overlooked is funding the trust. The first step is developing the trust. The second step is ensuring that all the assets you want included are properly transferred over as needed. This can be especially difficult in today’s digital-driven world because there are more and more places where funds can be stored away. Thanks to the advent of the internet and digital banking, funds are no longer just kept in savings accounts and piggy banks. Instead, they are spread across various apps, like Venmo and PayPal, stored in digital savings, like Capital One...

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Join us for an encore edition of Absolute Trust Talk Episode #029 featuring Dori Sproul of the Alzheimer's Association of Northern California. 
 
Dori is a featured speaker at our upcoming Elder Advocacy & Law Boot Camp on September 18, 2019. She will be discussing effective communication strategies for those who suffer from dementia. 
 
Over 5 million people all across our country have Alzheimer’s. The scary part is that many people don’t quite understand the disease and confuse it with other health issues or even normal signs of aging. Kirsten and guest Dori Sproul, family care specialist with the Alzheimer’s Association of Northern California, team up to discuss the disease and to educate listeners on a multitude of topics about this life-changing condition.

Kirsten and Dori begin their discussion defining exactly what Alzheimer’s is and what it does to the body. Dori then goes on to share the importance of her organization and details how the Alzheimer’s Association helps families and individuals impacted by the illness. Dori highlights vital warning signs, how a patient is diagnosed, the advantages of being diagnosed early, and how crucial it is to plan ahead financially if at all possible. One in three seniors who die each year has Alzheimer’s or another dementia. It is the fourth leading cause of death in the state of California alone. Alzheimer’s is a rapidly growing national health crisis, and the more we all understand, the better. We recommend listening and sharing this episode, because one way or another, this disease touches us all.

Big Three From Episode #029:

  1. If possible (with early diagnosis), plan ahead with your family.
  2. If you notice warning signs, talk to a physician.
  3. If you are a caregiver, you are not alone!

FOCUS Your Business and Continue to Provide Innovative Solutions For Critical Elder Care Issues.

We’re thrilled to announce to you that we’re bringing a unique educational event to our community this fall called, Elder Advocacy & Law Boot Camp!

Our goal is to build Contra Costa’s most important annual gathering of long-term caregivers, geriatric case managers, social workers, and nursing home administrators to learn about effective tools and resources for urgent matters facing our elders.

This is a one-day educational experience aimed at strengthening your elder care solutions. For more information or to take advantage of our early bird pricing click here. We can’t wait to see you there!

Time-Stamped Show Notes:

2:15 – Over 5 million people all across our country have Alzheimer’s. Dori explains what Alzheimer’s is and what it does to the body, and identifies the ways in which Alzheimer’s differs from other dementias.

5:59 – Dori discusses what her organization does and how it helps those who have Alzheimer’s and their families.

11:15 – Dori describes the warning signs of Alzheimer’s and explains how these differ from normal signs of aging.

22:30 – Dori and Kirsten discuss how Alzheimer’s is diagnosed in a patient.

27:35 – Dori identifies the advantages of getting a firm Alzheimer’s diagnosis and early detection.

30:08 – Dori explains what a mild cognitive impairment diagnosis looks like.

36:30 – Kirsten and Dori discuss the importance of planning ahead financially if possible.

39:55 – Dori describes what families experience when they get in touch with the Alzheimer’s Association.

48:00 – Dori discusses other community resources available to seniors in need.

Episode #029 Freebie: Know the 10 Signs

As mentioned in this episode, signs, and symptoms of Alzheimer’s can be confused with normal signs of aging. Regardless, it’s a growing epidemic, and it’s important to be able to understand and recognize key warning signs of the disease. Absolute Trust Talk guest Dori Sproul works hard to educate clients, the community, and all who contact her through the Alzheimer’s Association on tips, tools, strategies, resources, and all aspects of this illness. Today, she is sharing an exclusive tool with listeners called “Know the 10 Signs – Because Early Detection Matters” — a detailed checklist to help you identify the early signs of Alzheimer’s. Click here to download your checklist now!

Resources/Tools/Links Mentioned in This Episode:

TrialMatch – website tool to match with clinical trial

1.800.272.3900 – Alzheimer’s Association Help, Crisis, and Resource Line to address questions or concerns 24 hours a day

ALZ.org – educational content, tools, and resources