loader from loading.io

058: The Importance of Guardianship in Your Estate Plan

Absolute Trust Talk

Release Date: 02/24/2021

086: Trust Failures: Don't Let This Happen to You! (Continued!!) show art 086: Trust Failures: Don't Let This Happen to You! (Continued!!)

Absolute Trust Talk

Over the past few years, we’ve seen an influx of trust administration cases. And with nearly every trust and every client, there has unfortunately been some sort of planning failure. Some of them are small, easy fixes, while others are bigger challenges that cost more time and money. The worst part is that they could have been avoided if the right thought process and planning were in place from the start. It’s true there is a lot to think about when it comes to setting up your trust and estate plan, but to truly protect your legacy and beneficiaries, you must think through a variety of...

info_outline
085: Estate Planning Changes Late in Life: Is it Real or is it Elder Abuse? show art 085: Estate Planning Changes Late in Life: Is it Real or is it Elder Abuse?

Absolute Trust Talk

Often, when an older adult modifies their estate plan, they are doing it of sound mind because of a change in their wishes. However, there are instances when an older adult makes the change because they are being pressured by someone who is taking advantage of their vulnerability and trust. Unfortunately, this happens more often than not. In the legal world, this is referred to as “undue influence,” which is considered a form of elder abuse. In a new episode of Absolute Trust Talk, host Kirsten Howe is joined by RMO LLP’s founding partner, Scott Rahn. Scott’s firm is a national probate...

info_outline
084: Medi-Cal for All show art 084: Medi-Cal for All

Absolute Trust Talk

Did you know that as of July 1, 2022, there will be some significant changes in the eligibility rules for Medi-Cal? Medi-Cal is the California implementation of Medicaid and something that many people depend on. Unfortunately, if you need Medi-Cal help now, these changes won’t be rolled out in time. But if Medi-Cal is something you’re planning on down the road, then these new law changes may help. Many more Californians will qualify for this support to help pay for nursing home care without spending down their assets or doing complicated asset transfer planning. In a new episode of...

info_outline
083: Living Better with Parkinson’s Disease show art 083: Living Better with Parkinson’s Disease

Absolute Trust Talk

Picture NBA player Brian Grant, known for his tenacity and fearlessness on the court. After pushing his body through conditioning, training, and contentious games, he learns he has Parkinson’s disease two years into retirement. Naturally, this came as an enormous shock. However, Parkinson’s is the fastest-growing neurological condition in the world. In fact, by 2040, the number of people living with Parkinson’s is set to double. Once Brian learned how to navigate living with this disease, he launched The Brian Grant Foundation (BGF) to “help people become their best, even when it seems...

info_outline
082: A Unique Program for Veterans show art 082: A Unique Program for Veterans

Absolute Trust Talk

As we age, the goal for many of us is to stay in our homes for as long as possible. Sure, we might need some help down the road, but we’ll cross that bridge when we get to it, right? That sounds great in theory, but we don’t think about all the extra costs and the challenges we may face in obtaining home care. Often, calls are made to home care services with urgent requests for help, but knowing what benefits and aid might be available in advance can help you plan and even improve quality of life by avoiding urgent health care situations – this includes veterans and their families. In...

info_outline
081: Navigating Senior Transitions show art 081: Navigating Senior Transitions

Absolute Trust Talk

Life is full of changes, and we all experience transitions that can impact our lives in significant ways, whether they are big, small, planned, or unplanned. As an older adult navigating a journey in aging, adjustments often bring on feelings of anxiety and stress, even if they are positive. Whether you’re retiring and slowing down, grieving the loss of a spouse, or moving to a new community that will better meet your lifestyle needs, it can be a challenge to integrate and meet new people. In a new episode of Absolute Trust Talk Live, Kirsten is joined by guest Penny Reed of Rossmoor...

info_outline
080: Music as Medicine show art 080: Music as Medicine

Absolute Trust Talk

If you take a look around the next time you’re out in public, chances are you will pass by at least a handful of people with their headphones in. And while there may be many catching up on their favorite podcast, there are just as many that are getting down or chilling out to their favorite tunes. It’s not hard to notice that music can indeed change your mood, like discovering a new song on the way to work that can make your whole day. Or, feeling the nostalgia when you hear the Breakfast Club soundtrack that makes you want to punch a hand up in the air. Music plays a large part in our...

info_outline
079: Home for the Holidays: Time for The Talk with Elderly Parents show art 079: Home for the Holidays: Time for The Talk with Elderly Parents

Absolute Trust Talk

In a new episode of Absolute Trust Talk, Kirsten is joined by guest Linda Fodrini-Johnson, licensed family therapist and professional certified care manager. Together, they discuss returning home and what to do if you notice a parent beginning to struggle with their day-to-day routine.

info_outline
078: Retirement and Renewal for Career Women show art 078: Retirement and Renewal for Career Women

Absolute Trust Talk

In a new episode of Absolute Trust Talk Live, Kristen is joined by guest Helen Dennis, a nationally recognized leader on the issues of aging and retiring. She is an author, a speaker, a teacher and has helped over 25,000 employees prepare for the non-economic aspects of retirement. Together, they discuss the working woman and how to navigate the retirement transition.

info_outline
077: Retirement Planning for Your Brain show art 077: Retirement Planning for Your Brain

Absolute Trust Talk

In a new episode of Absolute Trust Talk Live, Kirsten is joined by guest Dr. Quinn Kennedy. Dr. Kennedy has a Ph.D. in psychology, postdoctoral training in cognitive aging, and over 20 years of experience researching and investigating factors that affect older adults, decision-making, and memory performance. Kirsten and Dr. Kennedy will be diving into some of the best strategies for taking care of one's mind to preserve quality brain health as you age.

info_outline
 
More Episodes

If you have minor children, nominating a guardian for them in case of your death or incapacity is one of the most important reasons to do an estate plan. For many families, the choice is not easy, and they end up procrastinating. Think of it this way, do you want a judge, who may know nothing about your children or your family, deciding who your child will be raised with without knowing your preference? Parents have the opportunity to make a choice, and we can help. 

In a new episode of Absolute Trust Talk Live, Kirsten discusses the different types of guardianship in California, the process of guardianship, factors to consider when choosing a guardian, and more. Naming a guarding for your child(ren) and the work that goes along with it is largely misunderstood. Tune in to get the facts and find the right next steps for including guardianship in your estate plan.

Big Three from Episode #058:

  1. Parents can nominate someone for guardianship, but only the judge can appoint someone.
  2. As a parent, make sure your wishes are clearly expressed in your estate plan; otherwise, you will have absolutely no say in the matter.
  3. Choose potential guardians that you can trust to make sure things get done.

Time-stamped Show Notes:

2:30 – These are the two types of guardians in California.

6:17 – This is the process for how guardianship works.

7:51 – This is why, as a parent, you want to express your wishes for a guardian.

8:37 – Estate planning can help you avoid going to court. Here’s how.

9:54 – Utilizing a Letter of Intent can act as a helpful guide for those who are nominated as guardians

11:40 – Does a guardian get paid?

12:07 – What can someone do if there is a family member they do not want to be the guardian?

13:20 – What happens if the guardian dies?

When it comes to guardianship, a Letter of Intent can be an essential tool in your future planning. It can serve as a guide for those who may become responsible for decisions regarding your child(ren) and that person’s role as their guardian. But what information should be included? Download our free resource guide for more details on building the right Letter of Intent for your plan.

[Ad] Choosing the right guardian for your child(ren) can be a difficult decision and it’s one that shouldn’t be taken lightly. If you need help determining the right choice for your estate plan, we can help. Schedule a free discovery call today, and we’ll review your case to make sure all your needs are met.