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What is a Geriatric Social Worker

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How can a Geriatric Social Worker help you and your family? Find out from special guest and Geriatric Social Worker, Valerie Juleson. Ms. Juleson has a Masters in Social Work from Columbia University and educates us on the different types of social work and how she helps families cope with aging issues.


Intro Vocalist:               (singing)

Greg McIntyre:             Hi, this is Greg McIntyre, and Brenton Begley.

Brenton Begley:            Hi.

Greg McIntyre:             McIntyre Elder Law, helping seniors protect their assets and legacies. And we are here today. We have a special show for you today. We’re going to spend some time with a social worker, who has a Master’s in Social Work from Columbia University, and she’s going to share some of her knowledge and wisdom with us today about what social work is, what a geriatric social worker does, and just how that can help you and your family. So without further ado, Ms. Juleson, thank you so much for being here today. May I call you Valerie, Valerie Juleson?

Valerie Juleson:             You absolutely can.

Greg McIntyre:             Okay. So Valerie, thank you for being with us today. You and I have worked together on a case in the past. You are a witness in a case in the past in a guardianship hearing and, which worked out wonderfully for the client. So, before I was an attorney and before I got into doing a lot of work with social services, and in that courtroom in juvenile court, and then moving on into being an elder law attorney, and working with social services and social workers in adult Medicaid and private social workers that work for facilities.

Greg McIntyre:             I didn’t know the difference. I didn’t understand that there were so many different types and varieties of social workers out there, and I would be willing to bet that a lot of people out there do not know the difference either, and don’t know that different types and varieties. And mainly, when I hear the term social work, or when I deal with clients, they just think if they’re working with a social worker, all social workers work for social services and that they’re there to simply help them. And while I’d love for that to be true-

Valerie Juleson:             Me too.

Greg McIntyre:             Social workers work for a number of different entities, in different capacities.

Valerie Juleson:             And have different priorities.

Greg McIntyre:             Sure. Sure.

Valerie Juleson:             Just like doctors, lawyers, dentists, everybody is different. Everybody’s unique. One thing I will be doing is emailing you some of the questions they should ask before they connect with people. I can’t make anybody’s choices, but I can give them the right questions. And I think that’s very important, whether you’re hiring any professional person to act with you.

Greg McIntyre:             Sure.

Valerie Juleson:             You have to interview them, and to interview them correctly, you need the questions.

Greg McIntyre:             Right.

Valerie Juleson:             My brand of social work is a little different. Let’s think of it as macro or micro. An LCSW is a clinically trained-

Greg McIntyre:             Licensed clinical social worker, LCSW, right?

Valerie Juleson:             Right. You see a lot of them working for facilities, hospitals-

Greg McIntyre:             Nursing homes, hospitals, assisted facilities.

Valerie Juleson:             And they have a very narrow definition of where they’re supposed to work with you. And if you take them out of that, it is against their job. I mean, they cannot, no more than you’re…

Greg McIntyre:             Than I’m going to handle a speeding ticket.

Valerie Juleson:             Thank you. [crosstalk 00:03:30] Okay. Right.

Valerie Juleson:             It doesn’t mean you don’t have your training, it just means that’s out of what you are going to do.

Greg McIntyre:             So it’s talking about focus. I hear you.

Valerie Juleson:             So I’m not saying anything against those that do this, they’re very good in their lane, in their zip code. Okay? And so if you don’t ask the right question, you’re never going to get the right information. So first of all, what are the, who pays? Why are they doing this? What experience do they have? Who have they helped in the past? Do they have references, et cetera, et cetera. Okay? So all of that is, mine is a little different. What I am trained to do this macro, not micro, macro.

Greg McIntyre:             So what does a geriatric social worker do?

Valerie Juleson:             The closest thing a good geriatric social worker and there’s all varieties of geriatrics.

Greg McIntyre:             Geriatric means-

Valerie Juleson:             The elders.

Greg McIntyre:             Working with someone who-

Valerie Juleson:             And their families.

Greg McIntyre:             Elderly. And their families, right.

Valerie Juleson:             So, if you are working with them, the best way for people to understand that, it’s like a general contract, or your GPS on your car, you need to get to Place A.

Valerie Juleson:             And so in order to, typical what I would work with is multiple businesses, when I was in Connecticut. I would have a situation, my husband was in real estate. You see, new real estate agent, I would have after ’07 when the market crashed. And we developed this because we weren’t seeing want-to-sell, we had have-to-sell. So Mama took care of Grandpa, and Grandpa is befuddled, and she just fell and broke her hip. They’ve got no planning. They didn’t even think of planning.

Greg McIntyre:             Sure.

Valerie Juleson:             So I’ve got to know who to call. I’ve got to call you. I’ve got to call a family, I’ve got to call a realtor I can trust. I’ve got to call someone who can come in and clear that house. You had one of those lovely ladies on one of your shows.

Greg McIntyre:             Sure. Thomas Palazzo, estate services.

Valerie Juleson:             So, I have to have all these resources. That’s what I mean by a GPS.

Greg McIntyre:             Right.

Valerie Juleson:             I have to know where the things are and I have to have checked them out, because they’re responsible for me.

Greg McIntyre:             Right.

Valerie Juleson:             Because while your grandma’s in getting her hip fixed, I’ve got grandpa, who’s befuddled. I’ve got to hire home care to take him to where he’s going to live in supported housing. So visually, even if he doesn’t remember, he knows it’s not a dangerous place. And he makes some buddies.

Brenton Begley:            Right. So if I’m kind of, the wheel’s turning in my head here, so I’m starting to think, if I’m telling someone, hey, you need some type of long-term care, we can help you get qualified for it, we can help protect your assets, we can get you Medicaid, that sort of thing. They would also want to work with someone like you to figure out some of the logistics, maybe, or even to point them in the right direction of how they can figure out some logistics if they came to us first, right? So where to go. Right? What-

Valerie Juleson:             Bingo.

Brenton Begley:            What place is the best place, how, and they’re going to, what it’s going to look like when they actually make that transition.

Valerie Juleson:             Yeah.

Brenton Begley:            Right.

Valerie Juleson:             And we’re not telling them who to hire. I always have at least three referrals that I’ve checked out and I’m the one who they’re responsible for, because if they mess up, they’re going to correct it or they’re off, they’re not getting another referral. They just wouldn’t be on my honor roll.

Brenton Begley:            Good.

Greg McIntyre:             I hope we’re on the honor roll.

Valerie Juleson:             You are. Okay. And so, when you have an honor roll that you can trust, it’s good for all the businesses. We are all mature enough to know the predators have already recognized the exponential growth in this vulnerable population.

Brenton Begley:            Right, right.

Valerie Juleson:             People are trying, and I’m including you, to put together a team that is protectors. That’s as simple as I can tell you. We have a vulnerable population. We will have predators, we will have protectors. We just want to give them the choice.

Greg McIntyre:             Plus you think that-

Brenton Begley:            Sorry, can you talk about that a little bit? That the, you mentioned the growing vulnerable population. Can you talk about, I guess what-

Valerie Juleson:             [crosstalk 00:07:39] One in five is now over sixty in the Charlotte area. I have some numbers here, but people watching, I could send them numbers, but the truth is one in five is already. The demographics are already over sixty.

Greg McIntyre:             Moving toward one in four.

Valerie Juleson:             Moving towards one in four.

Greg McIntyre:             Right.

Valerie Juleson:             So this has the Baby Boomers changed to Silver Tsunami.

Greg McIntyre:             The Silver Tsunami is what they call it.

Valerie Juleson:             Silver Tsunami. The Baby Boomers changed industry from the time we all got here. I’m one of them. Okay? Change the industry. Your business will be one of the front loaders of helping people get protected. The hardship is most people are in denial. Most people are frightened. You have all this knowledge and, you so want to give it to people, and you’re traveling in a Maserati and they’re in a Model T.

Brenton Begley:            Right.

Valerie Juleson:             How do you get the information absorbed? You’re working with people who have resistance, fear, delusion that their money’s going to protect them, or hopelessness that they have nothing that they can do. So, that is where we need a team of listeners, whether I was supervising students at senior centers, doing information, but they can only take a teaspoon in time-

Brenton Begley:            Right.

Valerie Juleson:             Then the whole reality, all at once. So I’m taking a couple of your books and putting them in the senior center.

Greg McIntyre:             Well, thank you.

Valerie Juleson:             And then I will talk about the books. But it is an inter-layered absorption, and it’s so hard because you can just see they’re at risk.

Brenton Begley:            Right.

Valerie Juleson:             And then they’re-

Brenton Begley:            I felt a lot of that denial, that fear, that reticence to make decisions. Greg, you felt that too, right? Speak to that a little bit on our side of the fence here, how we have really, in our experience with the client, how we experienced that.

Greg McIntyre:             Sure. And so our philosophy is, we’re going to give options, we’re going to first, first we start with people’s goals. We’re going to say, okay, what is your goal though? Because I need to identify your goal first. And then, we’re going to present options. There may be one option, two options, three options to achieve that goal. And then I will give my advice, my recommendation of [crosstalk 00:10:23] what I think, right? Then I start with a goal and then I back off to, okay, well to achieve that goal here, what, in my experience are your options to achieve that goal. If it’s stay in control of my home for the rest of my life and protect it, or stay in control of retirement assets or other assets, or it’s hey, I want to be covered by long term care insurance.

Greg McIntyre:             Right? I might make a referral for that. So, so it’s a holistic approach. And then you have to deal with, you mentioned we’re traveling in pretty fast and if somebody else might be traveling in a Model T, but that’s because they don’t do what we do every day.

Valerie Juleson:             Right.

Greg McIntyre:             So we have to bring them quickly up to speed, to stay with your analogy, right, with us so that they’re right along with us and understand. So, we try to do that as quickly as possible, and sometimes, I can tell you something over and over again and it may take a while to get through. So we use things like drawing on handheld pads, screens, that shadow on our televisions, on the bigger television like this behind us. In fact, we’re fitting, we already have one of the conference rooms fitted for that in Shelby, in this office that Brenton’s in, and we’re getting ready to fit another large TV there with it too. So Brenton can just simply throw all his notes and everything up on that screen and then draw things out.

Greg McIntyre:             I’m a very visual person. So we have maps that we will design for estate planning, or how lady bird deed works, or trust and the differences, that quickly point out the differences. And I know that if I can boil it down, sometimes it’s complicated to make things simple.

Valerie Juleson:             Yes, it is.

Greg McIntyre:             It takes a long time to make things, to understand how to make things simple. But I know that if I can take the complex, and boil it down as simply as possible and visually convey that, and maybe some bullet points that explain the differences, that’s a much better way to interact with anyone. It doesn’t matter if they’re a senior or not, but somebody who doesn’t do what you do all the time. But especially someone who is getting up in age, so to speak, right?

Greg McIntyre:             And our grandfather, who may be a bit befuddled, as you said, right? So, it’s easier to explain those things to them in that way. So we’d really explore it, play with different visual tools and maps and technology. And that’s innovation, to try to make things as simple as possible and convey those points within an hour-long consultation. Sometimes, there’s a lot of time and experience that goes into that, to be able to pull that down. Wouldn’t you agree, Brenton?

Brenton Begley:            Oh, yeah. I mean it just takes explaining it, over and over and over again, hours and hours of doing it, to really get to a point where you can put it into bite-size chunks. And Valerie, I’m sure you’ve had that experience too. Just trying to convey things in the simplest way possible to get the spirit of it over to them.

Valerie Juleson:             Yes, and I loved your explanation because it’s a classic goal, objectives and steps, whatever profession you’re in of helping, that is the classic blueprint-

Greg McIntyre:             That helps too. And Brenton, this is just, it’s a great discussion. I wanted to talk to you about, too, so we’ll do it here. That is a great way to, somebody might say, oh, well I don’t want to do that, right? Or I don’t like this plan, I like this plan, or I don’t like any of the plans. But then, you can go back and say, okay, well, your original goal is this. Your goal is this, this is how you get there, and then it puts it on them to figure that out, right. Does this jibe with my goals, does it help?

Greg McIntyre:             And really, I am less advising them at that point. I’m still laying out options, but they really are in control of the choices and then they can figure out, hey, to accomplish those goals, if I don’t go this route then I am kind of giving up control over here.

Valerie Juleson:             That’s right.

Greg McIntyre:             Or I’m getting, right. Yeah.

Valerie Juleson:             But I’m going to give you a hint.

Greg McIntyre:             Give me a hint.

Valerie Juleson:             Okay.

Greg McIntyre:             Tell me better. This is why I need the licensed clinical social worker.

Brenton Begley:            Yeah, yeah, exactly.

Greg McIntyre:             Also, why many families benefit from employing a geriatric social worker like Ms. Juleson. And I want to get into her experience and knowledge and education. Columbia is not an easy school to get into. I know that it’s not. How about that? I have a cousin, a first cousin that went to Columbia, for a while, and it’s on the backside of Central Park. Isn’t that where it is?

Valerie Juleson:             Yes, yes.

Greg McIntyre:             It’s right on the backside of Central Park in Manhattan. But before you get there, you were going to give me [crosstalk 00:15:18] some advice, a hint.

Valerie Juleson:             I’m going to give you a hint. Before you walk in.

Greg McIntyre:             Okay.

Valerie Juleson:             Before I walk in to see a family, or a person, I have a very easy thing that they fill out because if I’m talking to Grandma and she has been proud of her cooking, okay?

Greg McIntyre:             Okay, sure.

Valerie Juleson:             I’m going to put everything in the relationship of this is the recipe that’s going to work, honey. These are the ingredients we need to have, and we’re going to mix them together this way.

Greg McIntyre:             Right.

Valerie Juleson:             Because I’m using her pride. I’m using where she feels confident to take a new step.

Greg McIntyre:             Okay.

Valerie Juleson:             Okay? You have been a military man-

Greg McIntyre:             So you’re relating them. [crosstalk 00:15:57] You’re getting in their world, yeah.

Valerie Juleson:             Your words have told me, you are protective, you’re a fighter, you’re a scrapper.

Greg McIntyre:             Sure.

Valerie Juleson:             Which, I heard your words, you’re a military man.

Greg McIntyre:             I would agree with that, your interpretation.

Valerie Juleson:             Okay. Therefore, I’m going to say the same thing, tailored to your temperament.

Greg McIntyre:             Right.

Valerie Juleson:             If you go in there, and sell as a scrapper, and a military man, and a protector to Grandma, you’ve lost her.

Greg McIntyre:             Right. Because I’m not relating to her on her level.

Valerie Juleson:             It’s bilingual.

Greg McIntyre:             It’s just people.

Valerie Juleson:             It’s bilingual. I cannot talk to you in Japanese and expect you to answer me. What kind of, I can go on and you’ll go, I don’t have any idea what she said.

Greg McIntyre:             Yes.

Valerie Juleson:             Have to hear before you talk. You have to know who they are. If that is not your forte, then you get people who are good listeners and give you the report on how to direct it.

Brenton Begley:            Certainly, I think that has a good point. And you have to tailor the plan to who the person is and their goal, they’re going to tell you that. And also, really, the first part of a consultation with us, I’ve always experienced this, is always, it’s just listening. We just sit down, say hey, how can I help you? And we listen. Right? And the thing is, what I hear almost every time is: this probably doesn’t matter, this is probably not relevant, ongoing, on and on. And I just tell them, no, I need to know everything because all of it matters, all of it’s relevant. Because if anything is going to tell me who you are as a person, what you value, right? And that’s going to show me what your goals and what your needs are.

Valerie Juleson:             [inaudible 00:17:38]

Brenton Begley:            And that’s absolutely how we want to tailor it. And that’s, we don’t want to stray from that at all. If we’re talking to the children, we’re talking to the spouse, we’re talking to the social worker, right? We’re talking to the facility. Anyone, we want to make sure we convey that.

Valerie Juleson:             Right. The most important thing when I would work with the family, particularly, I’d be working with adult children. And there’s nobody at this table, I don’t care what your degree is, where you went to school, who knows more about your granddad than you.

Brenton Begley:            Right.

Valerie Juleson:             In this setting, you’re the expert, we’re the students. Please, tell us. There is nothing you can say that is not valuable to us in helping you reach it, because that’s the expert at the table. Even if your granddad got befuddled, you are the expert. I’m not, I don’t care where I went to school. Pointless, if I can’t listen.

Greg McIntyre:             Right, so tell us about Columbia and what that education means. MSW, Master’s in Social-

Valerie Juleson:             Master’s in Social Work. It’s a little different. It’s macro. My program, there are some wonderful people I’ve worked with who are clinical, and if a family needed that work, you’d say, more in conflict, I would get a clinician to work them through their private business, that would not be where I’d want to go.

Valerie Juleson:             Okay? I can do short term, very goal-orientated, goal-setting, objective steps. That’s on my mind.

Greg McIntyre:             Sure.

Valerie Juleson:             Somebody who has that gift to do long-term clinical social work, I admire them, it’s not my skillset.

Greg McIntyre:             Right.

Valerie Juleson:             Macro is, I work with the hospitals. I work with businesses, multiple-level businesses on how we best address this. I just wrote one proposal for Charlotte because they’re going to do a lot of money in housing. Okay? So I just sent them a proposal. I write proposals on, how do we address this? There’s so many dis-coordinate pieces. It’s like I took a jigsaw puzzle on the table, threw it on the floor and said, now go fix it.

Greg McIntyre:             Right.

Valerie Juleson:             We, the businesses that can make a difference are you, the geriatric social workers, the people who are, design the real estate, every place there’s a change-of-life evaluation happening, hospitals. We need to write a unified program. If we don’t, the predators already have.

Greg McIntyre:             Right.

Valerie Juleson:             They’re already on every level, and figuring it out. Shame on us, who are the protectors, who haven’t done the same.

Greg McIntyre:             Right. So, thinking, in the sense that I’ve worked with you before. You were part of a guardianship case and the family hired you to go look at a facility for them, to talk with the family, to, yeah.

Valerie Juleson:             More than that. The family did not know where or how or what to do.

Greg McIntyre:             Right.

Valerie Juleson:             So they, themselves were chasing the wrong tasks.

Greg McIntyre:             They were trying to bring grandmother back in the family, control of grandmother back from the state, right? And let the family be instrumental in her care and in her life.

Valerie Juleson:             It was a dramatic worst case, best case.

Greg McIntyre:             Yes.

Valerie Juleson:             Okay? It was a very dramatic worst case, best case, what can be done, and I think when we walked out of there you were like, whoa. But basically, all of what I do, or 90% of what I do, is homework before I walk in.

Greg McIntyre:             Right.

Valerie Juleson:             Just like you.

Greg McIntyre:             Right.

Valerie Juleson:             It’s all done when I walk in.

Greg McIntyre:             Sure.

Valerie Juleson:             And then I listen.

Greg McIntyre:             Right.

Valerie Juleson:             And usually, you don’t have to get hardcore. Sometimes you do, but you don’t usually have to.

Valerie Juleson:             And so that was just a unified, it wasn’t me. It was all of us. You were there.

Greg McIntyre:             Sure.

Valerie Juleson:             And you were the law, you were the muscle if they got ugly, okay? And you were. And you were sitting there, and you were the or else. Okay? And that’s the role you’re comfortable in.

Greg McIntyre:             But well, but it doesn’t need to, it doesn’t, hearings like guardianships don’t have to be that. In fact, when you have done your homework beforehand, when you have a license, whether you have a geriatric social worker that goes out, that looks at the facility where grandmother will be staying, that interviews the family, that comes in and really gives an objective report.

Greg McIntyre:             That can put a family on par with social services, who also has a social worker that’s going to come in and also give a testimonial, which may or may not be biased, right, in a certain way, to achieve a certain objective.

Valerie Juleson:             Right.

Greg McIntyre:             So it really gives the family more options, and power, and strength, and I guess, more of a foothold in the hearing.

Valerie Juleson:             And it’s objective.

Greg McIntyre:             Sure, sure. We want to keep it objective and [crosstalk 00:22:55] there are bad things.

Valerie Juleson:             And I’m not getting a paycheck from anyone.

Greg McIntyre:             So, exactly. So I think that in that hearing, you brought a lot to the table because of that. And that’s very powerful with your background experience and education as well. So, let’s say that I’m a family, and I have a loved one who needs care. Let’s say they need long-term care or, are we trying to figure out, I don’t know, whether care is needed or what to do. And I call you and I say, you were recommended to me, can you come in and help direct us. On a macro level, what are you going to do when you come in?

Valerie Juleson:             When I come in, and the first thing I’m going to do, hypothetically, with your grandparents, okay, first thing I’m going to do is really talk to you and hear what you have to say, and if there are other people involved; maybe you’re concerned, but it’s your wife who’s doing the primary care for her parents.

Greg McIntyre:             Sure.

Valerie Juleson:             So I’m going to hear, what does a typical day look like? What are the challenges? Where is it showing up? Then I’m going to say, what is going on medically? A lot of times, we can have a UTI that looks like dementia.

Greg McIntyre:             Oh, sure you could.

Valerie Juleson:             It could be a medical problem, it could be a vitamin B12, we could have anemia, we could have a whole set of medical. So when was the last medical assessment done, okay? So we need to check medical. We need to check, maybe someone in the family needs the support. Maybe the grandparent is befuddled, but we, you know, we can set up the remedy that is even greater.

Valerie Juleson:             Grandpa’s wandering, he thinks, or grandma, thinks she has to meet the bus. There are GPS bracelets that will ring in your house the moment grandma goes off the property.

Greg McIntyre:             Right.

Valerie Juleson:             You don’t want to limit them, they love their garden. You can’t lock them in the house. Once they leave the property, your phone is going off in your pocket.

Greg McIntyre:             Right.

Valerie Juleson:             See, there are technological things, there are medical things that we need, if you, we have to crop our picture and see, where do we zoom in the most obvious and easiest to attack. We start with that. Okay? And can we adjust it? Maybe there are things we can do if there’s more priority, and the family’s priority, to keep grandma at home, then we’ll look at a modular. Maybe she can’t live alone anymore because she’s going to burn the house down. But maybe we could put a modular, where it has medical, it’s called a MEDCottage, but there’s something in the backyard for grandma’s setting. And she- [crosstalk 00:25:42]

Brenton Begley:            Speaking of home-

Valerie Juleson:             If she doesn’t have to spend her whole thing.

Brenton Begley:            Right. Speaking of home, too, I have an in-home signing that I’m going to, right, today, and so I do have to leave you guys but Valerie, it was very good to meet you and you know-

Greg McIntyre:             We’re going to wrap it up. I have had a great experience interviewing Valerie today, and I’ve had a great experience working with her as a geriatric social worker in the past, so Valerie, I think, would be excellent for any estate planning or elder law attorney out there to work with, and to refer families to, as well as for families to individually call when they’re not sure what to do, because Valerie has the experience to help that family through specific situations. So, I think it’s a good time to bring it to a close, as well. Brenton, thank you very much and I want to make sure that we put Valerie’s information on the screen. Valerie is a geriatric social worker with a Master’s in Social Work. I could talk to you all day about the differences in social work [crosstalk 00:26:48] because there are so many differences out there and different types of social workers, and your phone number to reach you-

Valerie Juleson:             Is, it’s (704) 497-6714. It’s probably best to reach me by email because I am, if I’m in a meeting, or I don’t recognize the number, I will not always pick up.

Greg McIntyre:             Okay.

Valerie Juleson:             Okay. The email is vjuleson@gmail.com.

Greg McIntyre:             So, vjuleson@gmail.com, and I will put that information out there. I love the back of her card, Brenton, it just has her initials.

Brenton Begley:            Ah (affirmative).

Greg McIntyre:             That’s really cool.

Valerie Juleson:             I’m just part of the team.

Greg McIntyre:             You’re part of the team.

Valerie Juleson:             Because it’s going to take a whole team. It takes the doctors, it takes lawyers-

Greg McIntyre:             You certainly are one smart lady because it’s not easy to get to Columbia University.

Brenton Begley:            Right.

Greg McIntyre:             Is it, Brenton?

Brenton Begley:            You’re right.

Greg McIntyre:             You think? Definitely a respected college. Hey, thank you Brenton, for being on, and guys, if you need to contact Valerie again, it’s Valerie Juleson, geriatric social worker, MSW, Master’s of Social Work, phone number (704) 497-6714, vjuleson@gmail.com, great way to contact her and ask more about social work and geriatric social work.

Greg McIntyre:             I’ve mentioned there are a lot of other social workers out there in North Carolina. I know a lot of them that would love to be doing what you’re doing too.

Valerie Juleson:             I actually had, before I left, retired here, I had a whole group I trained.

Greg McIntyre:             Really?

Valerie Juleson:             Because I needed-

Greg McIntyre:             I bet you there’s a lot of social workers that will reach out too. Care, too.

Valerie Juleson:             I hope so, because it is unique. It is very rewarding, and not under anyone’s thought.

Greg McIntyre:             Well, I thank you for doing everything you do. I’ve known families you’ve helped, and it means a great deal, so thank you.

Valerie Juleson:             Thank you.

Greg McIntyre:             Thanks, guys. Thanks, Brenton. And we’ll see you next week for the Elder Report.

Intro Vocalist:               (singing)

 

Innovation

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See the newest innovations we are bringing to estate planning, elder law and the legal industry. We are always striving to bring clients great service in new and innovative ways. Learn more at mcelderlaw.com or call: 704-749-9244.


Speaker 1:        I wanted to do a quick update on innovation. We pride ourselves, I pride myself on being an innovator in what we do, and not using technology for technology’s sake, but using it to help improve education, improve customer experience, client experience and our delivery of services.

Speaker 1:        So one of the things that we’ve been working on lately, that I’ve been working on, is really our maps. Just visually mapping a state plan, and one of the first maps I created, and this is the latest version of it, is the estate planning map. Which you can get by going to mcelderlaw.com/epmap. Mcelderlaw.com/epmap. But what I’m working on is creating an entire virtual EP map. That you can go on the website and really go through like a game almost, in a virtual walkthrough experience, see videos on each concept, on the map and walk through your own estate plan.

Speaker 1:        This is going to be so cool. I cannot wait, and then you can drill down when it comes to the part on the map that talks about trust and how trusts work, trusts work and how they can avoid probate. Drill down to the trust planning map, which will tell you the differences and different kinds of trust. And then when you’re talking about protecting your home and any surrounding property with a Ladybird deed, it’ll tell you what a Ladybird need is.

Speaker 1:        You can drill down to the Ladybird deed map that is specific on that, and that’s going to be kind of a virtual computer experience that … And you may say, “Hey, it’s elder law, to me, is your audience online? Are they able to navigate that?” That’s always been offensive to me, because I’ll tell you, my parents are on Facebook. A lot of our clients have emails, almost all of them have emails and check it, and they can go on our website, or integrate it with our social media, where they really respond and interact with our education, and we enjoy that, comment on things.

Speaker 1:        This is just going to be a really cool experience I can’t wait to bring you, that will allow you to contact us on each part of that journey on the estate planning map, and interact with us, or chat with us realtime live, right there within that program. So that’s going to be easy to use. It’s going to be point click. All you have to do is go to mcelderlaw.com, And I’ll give you a link to that right off that page to do it.

Speaker 1:        It’s not ready yet, but I’m starting it, and I’ve already built out the maps. But now we have to take that virtual and digital. What you may not know about me is, when I started out, I actually worked in the private workforce out of the military, I actually worked for a firm called 3D Village in the Research [inaudible 00:03:01] Park just outside of Raleigh. I was working out of [inaudible 00:03:03], and we did 3D walkable worlds.

Speaker 1:        So we were going to be your canvas, and take millions of photographs from every angle of every building, and then go back and 3D model to scale that city. So you could walk and you could interact with advertisers, and our tours there and things. Just virtually, get our kids from a classroom to do that. To navigate Manhattan, or the Citadel, we’ve done work for the Citadel, or Charleston, or Chapel Hill.

Speaker 1:        We got to a point where we’re doing a lot of colleges at 1.2, and they would send those out to their alumni and prospective students, so they could virtually walk the campus right there. This is going to be nothing that advanced, but it is going to be a visual walkthrough, and it’s amazing how the mind works and how things happen, and this has just become a bigger thing in my mind that all fits together, and is going to allow people to interact with their estate plans. It’s basically, you call it a choose your own adventure, right?

Brendan:          That’s right.

Speaker 1:        Why do you call it a choose your own adventure?

Brendan:          Yeah. Because you’re going to be able to really see how it all works. And then once you see how it all works, you’re going to be able to basically, see what’s going to be best for your own goals. And it kind of reminds me of one of those choose your own adventure books. If you want to slay the dragon, go to page 226, that sort of thing.

Speaker 1:        [inaudible 00:04:37].

Brendan:          So those old books that used to be able to get, I don’t know if they’re around anymore.

Speaker 1:        They are. In fact, my kids have a bunch of them.

Brendan:          Oh really?

Speaker 1:        When I was recently in Manhattan, at this huge bookstore in Manhattan over toward NYU, they had a whole lot of those choose your own adventure books. And I got some for my nine year old Maddie who loves reading, and likes choose your own adventure books.

Brendan:          Oh wow.

Speaker 1:        But yeah, so they’re still around. I’ve got a ton at the house. You can go on Amazon, I’ll tell you how technology evolves. Amazon Alexa has a whole free library of choose your own adventure books. So you come to points of the story that Alexa’s telling you, and it asks you which way you want to go. You Tell Alexa, and then it takes me down a different story path. The kids love it. It’s about taking bedtime stories to the next level.

Brendan:          Yeah, yeah. that’s pretty cool. Really that’s going to be how we interact with estate planning. On the website it’s going to be, you’re going to be able to click on things. It’s going to show you your kind of, if you travel down this road, what your estate plans is going to look like.

Speaker 1:        And we thought about, there are people out there that might extend that to selling a trust, or a will, or an estate planning package right from within that product. Right from within that service, that estate planing map online. But why might we not want to do that? I know I do not want to do that yet, because there’s just too many variables. Why do you think?

Brendan:          Yeah, I think the best reason why is because technology is never going to kill the consultation, because you got to get in front of an attorney, and you got to have us really look at everything and tell you what’s going to be best for you. Because you might not need a trust. The will might not be the best thing for you. You might need a trust. Maybe you don’t need an irrevocable, maybe you just need a revocable, and we’re going to be able to sit down with you and go through all that. All those contingencies and really answer all your questions. What we don’t want you to do is to go on there, and get just enough information to make the wrong decision. Right? But we do want you to educate yourself.

Speaker 1:        Absolutely. I’ve just been so excited about this tool. Sometimes I get excited about things that totally flop. I get excited … I was talking last night to my brother in law. One of my sisters, Jessica, and her husband are in town. They’re going to watch a play that my sons, one of the leads in, Flowers for Algernon, or Algernon, which is a cool book and movie. Maybe you’ve been on Netflix and watched the movie.

Speaker 1:        But he’s in that play, and they’re in town to watch him. I was talking about how many things that I’ve done that have flopped, try to find what works for clients and for bringing services. But I guess you can’t be scared to fail. You can’t be scared to innovate, and you’d have to do that to find out what does work. We know the tried and true method of sitting in our office and just waiting for clients to come.

Speaker 1:        That’s been how we’ve always done it as attorneys, but we want to do more at McIntyre Elder Law. I can’t help but want to do more, and bring what’s in my head to you in a creative and user friendly way. I’m giving you an example of something that works like crazy, and I bet you most people would say it wouldn’t, would not have worked. And that’s this. This is an infographic that shows how the eDOCS Access Program works. I made this infographic a long time ago, and eDOCS access is a system that we went with when we first formed McIntyre Elder Law years ago, that is a virtual storage place.

Speaker 1:        That is bank level security encrypted technology, where any estate planning documents we draft for you, we place in that vault, and when we do that the system emails you, and you’re able to click in the email to set up your own password. But only you. if you want family members like children to also have access to that, it sends an email to them too and they create their own password. That way you and them are able to log in and always have copies, always be able to email straight from that system, always be able to print those off at a nearby printer.

Speaker 1:        If you are traveling and have a health care situation, your healthcare power of attorney is accessible right there, and could be shown on a device right to a facility, or a hospital or staff at a hospital, by your loved one. So it’s just a way to always have access to your most important documents, and we’re very liberal in what we allow. We do not charge for that service, by the way. We provide that free of charge for our clients for life, and we’re very liberal. If clients also want us to upload their other important documents, we routinely do that, within reason, so that they have access to those there as well.

Speaker 1:        We just believe in client service, customer service, and we want to go above and beyond to help you in any way we can. People would have said, and have said, “Well, does that really work with seniors?” Again, I find that disrespectful. I find that most of my clients that are seniors do have email addresses. Certainly the kids do, some the kids are out of state, and allows them to be plugged in to what’s going on, and to those useful estate planning documents at all times. Instead of having to go to the safety deposit box, or somewhere where you’re going to have them.

Speaker 1:        So anyway, Brendan, thanks for being on the call. We will continue to innovate. I cannot wait to get all of this together as one cohesive virtual program that allows you to walk through and interact with us, interact with your estate plan right there.

Speaker 1:        Imagine being able to interact and play really almost a video game on your estate plan. Ride along where you get to make mistakes, or explore options, and there are no penalties, and you can gain knowledge and information. Watch videos, educational videos on each concept, and really get your mind a nice visual, verbal, and even written concept of what these things are, how these concepts were, and how they can help you and your family. So thank you Brendan, for being online with us. I appreciate that, and see you later guys. Peace.

 

Is a Trust for You?

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Can a trust help you avoid probate, taxes and protect your assets? Brenton and Greg discuss different types of trust and their uses and benefits. Learn more at mcelderlaw.com/trustmap or call: 704-749-9244.


Greg McIntyre:             Our assets and [crosstalk 00:00:04] and you may notice, I’m not in a suit and tie today and I have a bike with me. I guess I could put on my bike helmet. I was out riding bikes or riding a bike on a Saturday and I was thinking about trust. I mean I’ve worked so hard to [inaudible 00:00:23], to stay in shape and to try to live a long life and to work every day and take care of my family. My wife and I both work very hard to take care of our six kids and what are we doing it for and how can we keep those things? How can we have quality of life and then also pass those items that we work for and that we get during our life to our next generation to benefit the children and hopefully the grandchildren to help send them to college? I know law school that I went to was not cheap, so Brenton was law school cheap for you?

Brenton Begley:            No it wa not. Fellowship wasn’t cheap.

Greg McIntyre:             Correct. Yes. Believe in the same breath, I’m glad that I work for it and I’m paying that off. I don’t think that getting a lot of money at 18 years old would have helped me. Although being saddled with a lot of debt is not fun either.

Brenton Begley:            Right. Man, if I got a lot of money at 18 I probably want to be driving a Maserati right now and not a Chevy, but what I will say is that at 18-

Greg McIntyre:             If you still had the money.

Brenton Begley:            Right, if I still had the money yeah I would have blown that. Yeah, but at 18 if I had my college law school paid for that’d been nice too. Well, yeah I mean it would be nice to have school paid for because obviously you don’t want to get saddled with debt, student loan debt. Not a lot of people know this, but you can’t just discharge student loan debt in a bankruptcy or anything like that, you know?

Brenton Begley:            So for me though, if I was going to get that money to have my student loads paid for, I couldn’t have just gotten at 18 all at once because I wouldn’t have used that for my education. Like I said, I would’ve used it to buy, I would’ve blown it because I was 18 years old. Xbox games, Hot Cheetos, whatever.

Greg McIntyre:             [inaudible 00:02:30] Hot Cheetos.

Brenton Begley:            That’s right. That’s right. So when you think about leaving property to people, right? You work hard all your life, you leave property, assets, money, whatever it is. You got to think to yourself, okay, well what’s going to happen when I leave this to this person? Will they be able to effectively use this? Is it going to be a burden or is it going to be of benefit? In fact, the person that you leave it to could have special needs, right? That could be a problem.

Greg McIntyre:             So trust come to mind to assist in this situation. That’s what we’re talking about today. How can trust help you and your family achieve your goals? First we want to talk about new goals and common goals come to mind, such as I want to send the grandkids to college. A discretionary trust that is for their health, education, and welfare. Until say they turn 25 or achieve certain milestones and then we start distributing part of it 25, 30, 35, and 40 or we say for instance, for example, 10% a year over the next 10 years once they turn 25 after we’ve helped get them through college or could be trade school educations. Once we’ve gotten them a little older, wiser, and more educated, then they will make better use of that money and it can really, really help them throughout their lives.

Greg McIntyre:             That may be a concern of yours that we can help with. We do a lot of trust drafting like that. Also Brenton was referring to special needs individuals, people who might be on SSI, which is asset dependent and also comes with it, a Medicaid health care component that will all be disrupted and kicked off line if they receive money from you. A special needs trust is designed to receive that money and still allow them to receive the benefit. A third party trustee can spend money on them for things they need, that their Medicaid healthcare benefit doesn’t supply. There’s special rules with special needs trust and they’re complicated. However, very, very beneficial. That’s why we write a special or supplemental needs trust into every will we draft as an option for an executor use because when am I children going to become disabled?

Greg McIntyre:             I hope never, but I don’t know what the future holds with illness or accidents in their future or my future. So think about that when you’re leaving money to an heir as to if they have the option for them. You may have a special needs person in your family that you want to plan for and we can use special needs trust either built into the will or stand alone outside of the will because that might not be where you want to pass that property to receive life insurance money, other monies, money you want to put in that trust now for that individual to care for them for the rest of their lives.

Greg McIntyre:             So when we talk about trust, we’re talking about an array of different types of trust. A revokable living trust. Brenton, I find revocable living trust can really help when we talk about goals. To keep say, especially for individuals who are married to a family in trust to make sure that a spouse is provided for and to make sure that money and property is protected for the next generation, or at least past outside of probate to the next generation and not past through probate in that. However, a lot of times I find myself planning for higher wealth individuals with revocable living trust. What do you think about that?

Brenton Begley:            Yeah, here’s the thing with higher wealth individuals, they have more wealth, right? So there’s a couple of things you got to think they’re maybe they want their wealth distributed in certain ways where it’s going to go to certain people and maybe they have children that are minors or grandchildren that are minors that they don’t want to give it to all at once. Here’s the other thing, recently we’ve been enjoying this gift and estate tax that has really not affected most Americans lately, right? So our gift and estate tax is really, really high, meaning that you have to have a lot of a lot of money passing to even be affected by it. So the threshold is high. So right now for an individual it’s $11.18 million. That’s how much you can give during your life or at your death before you’re ever even touched by the estate tax. Okay, so double that for a couple. Okay.

Greg McIntyre:             You sent me an article earlier today.

Brenton Begley:            Exactly.

Greg McIntyre:             There’s talks right now in the legislature at the national level of really reducing that estate tax down and then having a graduated estate tax that starts, I want to say around 43, 45% of what’s passing. That means almost half of everything you pass would be taken away and given to the government up to 77% I think it was.

Brenton Begley:            Right, right.

Greg McIntyre:             77% tax at the top end on what you’re trying to pass on to the next generation. So trust and really help with them. How can they help?

Brenton Begley:            Right? So the trust are going to do a couple of things for you that you can do a lot of tax planning with trust. If you do it the correct way, you can effectively eliminate any estate tax that is going to really, really deplete your estate. There’s ways that you can double your estate tax exemption, right? Really with the right type of tax planning, you can really mitigate that tax, especially the tax that’s going to affect you. Like these talks were saying, I mean 40% of your estate being taxed, that’s huge. I mean [crosstalk 00:09:01].

Greg McIntyre:             I want to say it’s crazy. It’s a lot. It’s hard to fathom that that will all go away. Or hald of what you have will go away.

Brenton Begley:            Right, right.

Greg McIntyre:             Trust can help with that. Trust can help far extend that exemption.

Brenton Begley:            Certainly, certainly. I mean there’s lots of things you can do with trust when it comes to tax planning. I mean trusts are a very flexible vehicle and if you plan the right way and you understand what your goals are, you can not only eliminate tax, but protect the assets in many other ways.

Greg McIntyre:             What about, okay, we talked about revocable living trust and they have a lot of tax benefits. Avoiding probate. There’s a lot of benefits for that. Achieving your goals long term with your money and property. What about an irrevocable trust? I hold here an example of an irrevocable trust. We call this one a Medicaid asset protection trust, MAPT. It’s an a big mason jar. It’s got money. There’s some monopoly houses in there. There’s a little spicket so that the income beneficiaries can receive that and pull that out even during your life. So how does this work in a nutshell?

Brenton Begley:            Right.

Greg McIntyre:             How does this work and how can it benefit people?

Speaker 2:                    Irrevocable trust is the other trust, right? So two main types of trust. Trust revocable, irrevocable. Irrevocable by the way, you can also have tax benefits, but irrevocable trust specifically the Medicaid asset protection trust is going to do two main things. It’s going first help someone qualify for Medicaid and two, it’s going to protect those assets that are in the trust from being looked at by Medicaid or being taken by Medicaid after Medicaid pays out. Because by the way, Medicaid, if they pay that money, they want it back. Right.

Speaker 2:                    So the way the Medicaid asset protection trust works is that it’s irrevocable. So you have to have a third party trustee. So if it’s a single individual, it has to be someone other than them. If it’s a couple, has to be someone other than them or their spouse who is over the trust as trustee and that trustee manages the funds, they protect the funds in the trust, whatever is put in the trust, but they are given power to distribute income during the grantors, the creator of the trust life for their benefit. Okay. Up until the time that they need Medicaid. Then once they get Medicaid, the asset that they put in the trust can no longer count against them and the assets that they put it in the trust are going to be protected from Medicaid or any other creditor or entity from taking those assets.

Greg McIntyre:             Absolutely. I mean this is the best safe that we could draft for you. For you to place your money to make sure that no long term care stay if Medicaid has to pay for it can ever come back in the cupboard and it will be yours, that it will be your family’s for the rest well that it will pass to your family and not through the probative state or be subject to a Medicaid recover. So provides ultimate protection. Okay. We draft many types of trusts who would love to talk to you about how trust can help you and your family both stay in control of your assets and also protect your assets for the rest of your life and for generations. If you’re interested in seeing if trust planning is right for you or your family and having that conversation, we’d be glad to have that conversation with you and your family.

Greg McIntyre:             Give us a call 704-749-9924 or visit us online at mcelderlaw.com and also I’m going to tell you I have the trust planning map that I have right here and a new trust planning workshop that we worked on that we’re going to start giving regularly. Just done trust planning. Check out the trust planning map.

Greg McIntyre:             If you want to get the trust planning map, okay. You want the trust planning map for yourself to see a lot of the differences between irrevocable and revocable trust. Go to mcelder.com/trustmap. Mcelderlaw.com/trustmap and I will show you. So if you are interested in the trust map, go to mcelderlaw.com/trustmap. See it highlighted there mcelderlaw.com/trustmap. Enter this information and it will take you directly to the trust map and we’ll give you that free of charge today. So Brenton, thank you for being with us today. For those of you who don’t know Brenton as an Elder Law attorney with McIntyre Elder Law, and he has an LLN specifically in tax, so his focus area a lot of times is taxation and high wealth clients and he can help with really extending and maximizing that tax exemption and trust are great tools to do that. Right Brenton?

Brenton Begley:            That’s right. Right the best tool to do it.

Greg McIntyre:             Thanks for joining us from home today and I’m going to hop back on the bike, man.

Brenton Begley:            Yeah have fun. Be safe. Get back on it.

Speaker 2:                    Please don’t wait till it’s too late. Call McIntyre Elder Law.

 

Timeless Collage & Estate Planning Services

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Sometimes when a loved one passes personal items need to be inventoried, evaluated and sold. Sometimes cleanup is required to ready a property for sale. In some circumstances cleanup is required prior to a loved ones passing. Our guest, Colette Ross with Timeless Collage and Estate Services joins us today to talk about Estate Sales and Property Cleanup.


Greg McIntyre:             Greg McIntyre with McIntyre Elder Law helping seniors protect their assets and legacies. And I’m here today with an interview. Okay. I love interviewing people who have services that are valuable to seniors and their families. So I’m here today with Colette Ross. Thank you for being here today.

Colette Ross:                 Thanks for having me.

Greg McIntyre:             Yes, and she’s with Timeless Collage & Estate Services LLC. And guess what that is? I don’t know. You tell us what is Timeless Collage & Estates Services LLC?

Colette Ross:                 Timeless Collage & Estate Services LLC is an estate liquidation and estate services company. We serve clients in Charlotte and surrounding areas like you mentioned. In order to assist them with the organization and preparation for moving out, selling, or cleaning out their personal property.

Greg McIntyre:             Understood. Okay. That was very good. You’ve said that a couple of times.

Colette Ross:                 Just a couple.

Greg McIntyre:             Yes. So all right, so moving out selling. So it could be helping people move out before someone passed away. Is that right?

Colette Ross:                 Sometimes that does occur if indeed…and a family is in need of downsizing services and assistance with that process. For example, if somebody latter in life is moving into assisted living, we help with resolving the personal property within the home prior to their move to assisted living to allow to alleviate the burden labor.

Greg McIntyre:             Does that include auction services, things like that?

Colette Ross:                 We do not auction, although we do have associates that do if indeed the estate warrants are auctioning. But we perform onsite tax sales.

Greg McIntyre:             Onsite sales.

Colette Ross:                 That’s right.

Greg McIntyre:             So estate sales.

Colette Ross:                 That’s right.

Greg McIntyre:             Right, right. And you’re serving Charlotte and the surrounding areas. Correct?

Colette Ross:                 Yes.

Greg McIntyre:             So I see situations or hear of situations all the time and I think it’s sad and I’m not sure why it occurs, hoarding. Have you run across things like that?

Colette Ross:                 Well, the generation that is in the latter part of their life today is result of the depression era. And those folks tended to have not thrown anything away. So hoarding in itself,

[inaudible 00:02:23]

. Low and behold is actually a psychological illness that people suffer and yeah, it does happen. And there are folks who have an overabundance of items. Sometimes they don’t even know what they have, and the families are so overwhelmed that they just don’t know what turn.

Greg McIntyre:             Really?

Colette Ross:                 Absolutely.

Greg McIntyre:             I mean, I have met with clients who are talk about family members who just have gotten into hoarding behavior and that is a psychological illness that comes about. Plus, I think people get overwhelmed over time sometimes. And just need someone to go in and make sure everything’s cleaned out and organized and sometimes that the valuable items set aside, so they can be sold. And that can be when someone is going into care?

Colette Ross:                 Absolutely.

Greg McIntyre:             Like nursing home or assisted living care?

Colette Ross:                 Sure. Mm-hmm (affirmative).

Greg McIntyre:             Or it could be after someone passes away. How do you do with an estate?

Colette Ross:                 Sure. At which point that family member, the heirs or primary who’s responsible will call on us to ask for us to help with that process. Being a third party and not having the emotional involvement that families do with the attachment to memories of items in their homes allows for us to be able to have to expedite the process.

Greg McIntyre:             In partial, right?

Colette Ross:                 Right. Still, with compassion but, on a level where we can [inaudible 00:03:50].

Greg McIntyre:             Sure. So you can get the job done.

Colette Ross:                 That’s right.

Greg McIntyre:             I just think that’s going to be hard either working with the individual, or the family, or just that’s a hard job all the way around. And I admire what you do.

Colette Ross:                 Well, thank you.

Greg McIntyre:             Yeah, absolutely. So what are some things that we need to know about, the estate planning services, about estate sales, or the clean-out services that you provide. What do you think?

Colette Ross:                 Initially in regards to estate planning, the key word planning. Planning in advance and having conversations with families, educating them, and letting them know that these services are available for them so that they can plan for professional [inaudible 00:04:37] side in advance. Make decisions about property and what they choose to do with it. If there are family heirlooms that we’re going to choose to allocate amongst their family members, you [inaudible 00:04:48] in advance.

Greg McIntyre:             So how do you set those things [inaudible 00:04:50]. You’re going in at someone’s home and being asked to separate their things. And are you working with the family closely to say, “Look, cousin Mark wants this, daughter want this, son wants this, and this is for the sale.” Is there a lot of that? I mean, how does that work?

Colette Ross:                 There is a lot of it, but we asked for the families to manage that prior to our services coming about. So we have those conversations and say, “We prefer that you call on us when you’re ready, take your time, make sure you’re ready. Divide your property. And then when you know that only the items that are available for resale or disposal are on the property, it’s time for us to come in and assist.” And give them ample time to get through allocating in the attachment or even going through a will and seeing to it that each number has retrieved the items that were left for them or that their family desired for them to have.

Greg McIntyre:             Sure.

Colette Ross:                 And then following them getting through that process is when we would come in and finish by organizing the estate for resale.

Greg McIntyre:             So will actually helps you.

Colette Ross:                 Absolutely.

Greg McIntyre:             In dividing up the property.

Colette Ross:                 Absolutely.

Greg McIntyre:             Right. Even in the home, right?

Colette Ross:                 It helps families, absolutely. If I were to judge the families who have had a written will and have had that advanced planning versus not, I’d say that the peace of mind that’s offered to families who have planned in advance is absolutely crucial and alleviate so much stress.

Greg McIntyre:             That’s phenomenal, that’s phenomenal. We also have on the show today, Brenton S. Begley. BS. Begley [inaudible 00:06:33] attorney. JD and LLM, LLM and tax. Great attorney,

Brenton Begley:            All sorts of initials.

Greg McIntyre:             All sorts of initials. I’d like to [inaudible 00:06:44] what those initials stand for behind people’s names. I was doing that the other day when I was looking at the different people’s cards. How about that?

Brenton Begley:            Yeah, all of the initial beside my name just mean I owe a lot in student loans. That’s all that means.

Greg McIntyre:             That’s correct. The more initials by your name, the more student debt you have.

Brenton Begley:            That’s right.

Greg McIntyre:             That’s a good point. So she mentioned, Colette mentioned, Ms. Ross mentioned wills, and how those help a family. You know, I wondered if you might speak to that as far as how wills can help a family. The importance of free planning also comes to mind, that personal property memorandum attached to the will with directions for the executor to follow the wishes of the, you know, that are written in the attached personal property memorandum. That comes to mind here and can be so helpful in that situation. I wonder if you could speak to that.

Brenton Begley:            Right. So probate, you know the process by which the cedent, person who’s passed away their estate gets distributed, right? You need to have some guide there. Without a guide, I mean, it’s very, very difficult to determine who gets what, especially when you have all these little pieces of personal property, right? So when you have a will, you want it to direct where your assets are going to go. But that can be hard and just type into will. It can be hard to sit down with an attorney for hours and inventory every little asset that you have, right?

Greg McIntyre:             And then you forgot something. So you have to come back in and then-

Brenton Begley:            Oh man, yeah.

Greg McIntyre:             [crosstalk 00:08:21] something. And then you acquire something else and you have to switch it out.

Brenton Begley:            Yeah, exactly. And so what you need to have is some ease in that process. What you need to have is what we provide. For example, as a personal property memorandum along with the will. So you can write in that personal property to go to whoever you wanted to go to. It’s literally a worksheet along with the will. So if you acquire property later on, if you have certain, knickknacks, or certain heirlooms, maybe something you just want to leave you to a certain person that you haven’t yet named in the will, you can just write that it in. It’s very easy. You Describe the property and you just write it in there. And you say who you want it to go to. It’s very- [crosstalk 00:09:11].

Greg McIntyre:             Number at the bottom of the page?

Brenton Begley:            That’s right.

Greg McIntyre:             And then you sign each page and [crosstalk 00:09:17] several pages.

Brenton Begley:            It’s incorporated too by referencing the will. So the will references that personal property memorandums. So it’s a part of the will, just like any other page and the will.

Greg McIntyre:             Agree. Yeah, that’s phenomenal. Brenton, do you have any questions of Ms. Ross, and how [crosstalk 00:09:40] services fitting with what we do and clients of ours and just seniors and their families in general?

Brenton Begley:            You know I think a huge thing that you provide is the cleaning service. I mean that’s amazing. Can you speak to the extent of what you guys are willing to clean? Because that’s one concern that I mean because at some point you’re going to have maybe a professional carpet cleaning service or something like that come in if it’s a hazardous situation. But can you speak to the extent of what you guys do as far as the cleaning?

Colette Ross:                 If indeed there are additional services needed like carpet cleaning or if there is hazardous waste that our teams should not be exposed to, then we would have to call on resources in order to do that. But in regards to the extent of cleaning, our services completely turnkey from start to finish. It could be heaps of thousands in attics, garages, or outbuildings, and completion of our service. Generally within seven to ten days, the home will be cleared and cleaned and ready for a real estate walkthrough.

Greg McIntyre:             That’s excellent. So you’re talking about in an estate, having a home clean and ready to sell within seven to ten days.

Colette Ross:                 That’s right.

Brenton Begley:            And who do you need to talk to you to be hired? Who hires you? I mean it’s the executor of the estate or administrator of the estate, right?

Colette Ross:                 Whomever is the primary. It might be, for example, if the owner has downsized or moved to that assisted living facility and they are still of sound mind, they have the ability to call on us and ask for our service. We would then offer that consultation at their property and see to it that we find solutions for whatever it is that they need. If we’re able to conduct a personal property sale, that is always option one. Our goal is to try to regain the revenue from the investment that they’ve made throughout the years. So their accumulation of things, we do our best to regain some of the revenue of their investment to try to bring it back to the estate because their personal property maybe very abundant. If indeed that’s not an option, we would discuss the option of the clean-out services to see to it that ultimately their goal of selling the real estate can be met.

Brenton Begley:            You know you mentioned something about if a client were to move to an assisted living and need to hire you, they might not be able to because they might be incompetent. Right? And that situation, Greg we’ve seen that type of situation a lot.

Greg McIntyre:             Yeah. So how do you get past the part where you’re functioning as someone else? Can a family member, could a son, could I as a son do that for my mother or a daughter? Could a daughter do that for her parent, and hire estate cleaning and planning services, and estate sell services for mom while mom’s alive? If someone was incompetent, how would they do that, Brenton?

Brenton Begley:            Right. So I think what Ms. Ross would look for is, are you the power of attorney?

Colette Ross:                 [crosstalk 00:12:57].

Brenton Begley:            Right, right. Or do you have the authority to sign off on, on our services?

Greg McIntyre:             And what kind of power of attorney Brenton?

Brenton Begley:            That would be what we call on the street financial power of attorney. That’s a general durable power of attorney. Right. And that durable part’s going to be very important because that means that the power of attorney survives incompetency, incapacity, or otherwise inability to act for [crosstalk 00:13:22].

Greg McIntyre:             disability or lapse of time. That’s right. Yeah. And as opposed to a healthcare power of attorney, which gives someone the ability to make healthcare decisions. This would require that financial power of attorney, that general durable power of attorney that survives incompetency. You’d want to make sure that’s recorded at the register of deeds as well. And so that’s very important. All things that you can benefit from those types of estate planning services to make sure you’re ready by seeing someone, a professional, like an attorney at McIntyre Elder Law. So thank you very much for being here. If someone wants to get in touch with you, how do they do that? I know I have one of her cards here. It’s a very nice card. How would people get in touch with you? What is your website?

Colette Ross:                 Sure. Our website addresses timelesscollage.com. There is a link on our website on the last page where they can send notification of requesting services on contact.

Greg McIntyre:             Is that the contact form?

Colette Ross:                 Yes, exactly. On the contact form.

Greg McIntyre:             Look, they can contact you right there.

Colette Ross:                 That’s right. Or reach us by either of those phone numbers that are listed.

Greg McIntyre:             Right, which are 252-268-9764, right? I’m just going to put that one out, okay.

Colette Ross:                 Yep.

Greg McIntyre:             So, that’s phenomenal. You can learn more about that company there, a little about us, about Timeless Collage & Estate Services LLC and what clients are saying. There’s some client, certainly a testimonials there. As well as more about your business and you can even find out about where upcoming sales are going to be. Right. So you can look at where upcoming sales are going to be if you want to take part in a sale or come to a sale. Is that right?

Colette Ross:                 That’s right.

Greg McIntyre:             That’s phenomenal, that’s phenomenal. Well, I wanted to say thank you so much for being here today and being on the Elder Law Report.

Colette Ross:                 Thank you.

Greg McIntyre:             And I appreciate it. Anything that we can do to help you, you let me know. Okay.

Colette Ross:                 Thank you, absolutely.

Greg McIntyre:             And I’m going to look forward to working with you in the future.

Colette Ross:                 Likewise.

Greg McIntyre:             Absolutely. Thank you Brenton for being here today.

Colette Ross:                 Nice to meet you.

Brenton Begley:            Good to meet you top.

Greg McIntyre:             Bye now. And I would close out by saying, if you want to talk about estate planning services as well, limited, I’m sorry, general durable powers of attorney, the financial power of attorney, or talk about getting your wills in place, your estate planning documents in place. You can reach us by calling 704-749-9244 or going to mcelderlaw.com. Thanks. Have a great day. Bye Brenton.

Brenton Begley:            Bye.

PostShow: TRUSTS!!!

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PostShow: TRUSTS!!! We are taking trust today fresh off the Charlotte today experience. Get the Trust Planning Map FREE at: mcelderlaw.com/trustmap.


Greg McIntyre:             Hey, this is Greg McIntyre with McIntyre Elder Law, helping seniors protect their assets and legacies. I’m here at NBC, WCNC in Charlotte, we just finished the Charlotte Today Show. We were talking about trust planning. What’s the difference between wills and trust? We only had a few minutes to talk about that. So I wanted to come on and expand on that a little bit. We call this the post show, or the postgame, and talk about trust.

                                    Trust are great planning tools. We handle special needs trust, which are amazing planning tools that can allow for people to… with disabilities to have money to be spent on them and not affect, say an SSI, a disability payment or Medicaid Healthcare that comes along with it. Also, people may reach a point where they need trust for tax planning, or it really depends on your goal.

                                    So what we did was, Taylor and I – and Taylor’s filming right now, I appreciate that Taylor – we made the trust planning map. This is hot off my desk literally, and it talks about the difference between your revocable and irrevocable trust. It gives you the difference, it says down below. It gives you some questions such as you’re a irrevocable trust, or we could call that a Medicaid asset protection trust if we were looking to, perhaps, pay for nursing home care or assisted living care with Medicaid, but wanted to make sure the assets were protected. A revocable living trust will not give you that option, okay,? So it shows that right at the top. And then, which one is best for you? Do you want control or do you want protection? Well, you could have more control as the trustee with a revocable living trust, right here, or more protection with a irrevocable trust.

                                    So really wanted to get that down and talk about control of assets, tax separately or the same as you. Revocable living trusts can be taxed the same as your personal income. Irrevocable trust have a separate tax ID number. It’s actually EIN number the IRS makes you get to tag the taxes on the income generated in the trust because a trust may need an income tax return at the end of the year if there’s certain gains.

                                    With an irrevocable trust, you have a third party trustee. So the third party trustee means it’s not you. With a revocable trust, it’s generally you are the trustee. Irrevocable trust, it’s going to be a friend, a trusted family member. It could be an attorney or sometimes it’s a bank. Sometimes banks have trust departments that handle and manage trusts, and they have plus managers within those departments. We handle trust on a regular basis as the trustees if our clients need us to do that. Those are a couple of differences.

                                    We have many differences irrevocable and revocable trust. I always start with goals. So trust goals, one, two, three. We have a place that you can write down your goals. Is it to send people to college? Is it to make sure that the grandkids have a better chance in life or a better lot in life? Is it to preserve land and keep it in the family? There’s a lot of reasons why you might want a trust. This is so you can think about those reasons for yourself and write those there. We talk about the wills a little bit too, and how those work with trust.

                                    So, generally, a will is written along with a trust as a pour over will. The will is written to pour over assets, not in the trust while you’re alive, into the trust at that point. So you need to be conscious and aware of that if there are any liens that could attach to the property that are going through the court probate process through a will to be poured over into the trust. All those things are individual to you and your family that you need to think about or see a professional and talk about.

                                    So this is a good way to get started. To get this, you can go to mcelderlaw.com/trust, mcelderlaw.com/trustmap, and you’ll also receive a free copy… ebook and audio book copy of Saving the Farm: A Practical Guide to the Legal Maze of Aging in America, that I wrote, that talks more in depth about trust and other legal concepts to help you protect your hard earned money and property for you and your family. Thank you so much for watching and listening. We’ll come to you again regularly, at least once a week, with great information for you and your family. Have a great day.

Trust Planning

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Charlotte Today Show: Greg, Colleen and Eugene talk about protecting assets with Trusts. Also get the FREE Trust Planning Map! mcelderlaw.com/trustmap


Eugene:                        Well, many of you may have already drafted up your will, but how do you know if you should also have a trust?

Colleen:                        Here to tell us more is Greg McIntyre with McIntyre Elder Law. Good morning to you, Greg. Thanks for being here on Charlotte Today.

Greg McIntyre:             Good morning.

Colleen:                        Good morning.

Greg McIntyre:             How you doing Colleen, Eugene?

Colleen:                        Great, thank you.

Greg McIntyre:             Very glad to be here today.

Colleen:                        Let’s start with this. What is a trust?

Greg McIntyre:             Sure. A trust is a legal document or container, if you will, that can contain any real estate, money, any property, stocks, bonds. Really anything that you have or accumulate, you can place in a trust or leave to someone in a trust.

Eugene:                        Okay, so here it is. You have a will but you can also do that very same thing in a trust. So what is the difference between a will and trust?

Greg McIntyre:             Sure. So let’s say in a will that I leave everything to my 18 year old son.

Eugene:                        Okay.

Greg McIntyre:             Right? And maybe if I’m able to make a little money during my life, I don’t know about you, but at 18 years old I might not have been really wise with how I spent my money. I heard you talking about your son at college and this and that. Right and what he wanted to do, right? I would have probably gone to Myrtle Beach and just blown it all, at the time, on something silly, you know?

Colleen:                        Right.

Greg McIntyre:             Really. I wasn’t even sophisticated with my taste at that point. Love Myrtle Beach though. Okay. So, a will will allow you to one-off give things like that. You can place trust in wills called testamentary trust, but mainly the idea of a trust is avoiding probate, not going through the public court system, which a will does. So wills are public, trusts are private, privately administering them.

Greg McIntyre:             Right. So that you do that in the privacy within your family or with an attorney. It depends on your goals. What are your goals? Do you have a hundred acre farm that you want to remain farmland in the family for generations or do you want the son-in-law to turn it into a golf course? Do you want to curse an 18 year old child or grandchild with a lot of money or do you want to make sure that that trust is discretionary and pays for health, education, and welfare until say they reached 25 and then after that starts giving them that money in increments over say a 10 year period or over their life.

Colleen:                        So, is there more control with the trust then?

Greg McIntyre:             You can control… My law professor used to call it dead hand control. Like a hand sticking up from the grave, which is maybe a little bit of a morbid but it illustrates the concept.

Eugene:                        Oh, I get the… Oh, okay. Yeah.

Greg McIntyre:             You can control your money and property well beyond your life.

Colleen:                        So let me ask you this then. Why would someone need a trust? Why would they choose putting the assets in a trust over a will?

Greg McIntyre:             Some people get to a point where they have enough assets that they want to protect them from tax liability. Trusts are good at doing that. Or you may want to protect real estate and keep it a certain way over time. You may want to do what we were talking about, make sure the kids or grandkids go to college. Then start giving it to them after they get more education and life experience, some of the money in the body or the Corpus of the trust, the principle of the trust.

Colleen:                        Okay.

Greg McIntyre:             So it depends on your goals. It really depends on what your goals are. Many people that come in, they know they have to have a trust. They want a trust, that’s what’s for them. They don’t. They really aren’t in a situation where they need a trust. There are other, maybe more simple means to accomplish those goals. But I wanted to talk about trusts today because they are a little more complicated planning tools that can really help people achieve their goals and what they want with their money and property even well beyond their lifetimes. Right.

Eugene:                        Does an executor deal with a will as they do with the trust the same way?

Greg McIntyre:             Trustee.

Eugene:                        Trustee.

Greg McIntyre:             So there’s some different types of trusts. I would say there’s a revocable and irrevocable trust. Many different types. We’ll talk about those.

Eugene:                        So, let’s talk about the irrevocable, revocable trust then.

Greg McIntyre:             Sure. So revocable trust, you’re the trustee, not the executor. That’s the will. Your the trustee, say during your life maybe for a revocable living trust and you control it so you have your hand in the trust. You can take things out of it and you can put things into it. You can break it. Because of that, it’s not protected from say if Medicaid had to come in and pay for five years of nursing home care. It would be an asset, accountable asset, and a recoverable asset. So, it’s not protection there but it does allow a lot of control. Irrevocable. You have a third party trustee and it is more of a protected asset and it offers more protection there.

Colleen:                        Greg, you offer a trust planning map. What is that?

Greg McIntyre:             Trust planning map. We worked on that hard over the last week. That’s my ideas on the differences between irrevocable, revocable trust. If you want to take a look at it with your family or yourself and see if a trust is right for you and those differences. Even has a spot to write down your goals and get into that. So you can get that by going to mcelderlaw.com/trustmap, mccelderlaw.com/trustmap. We worked very hard to bring that to the viewers. It’s hot off my desk. It’s some of my thoughts visually and written on trust and the differences.

Colleen:                        You also wrote a book called Saving the Farm. That covers a lot of these issues. You see the cover of that book right there. If you go to mcelderlaw.com/trustmap, as Greg mentioned, you’ll get the free copy of the trust map and a free e-copy of this book, Saving the Farm. Something that Greg is proud to bring you and offer to you for free today for Charlotte Today viewers. Thank you so much for being here this morning.

Greg McIntyre:             Thank you very much guys. I appreciate it.

Big Town/Small Town – Big Estate/Small Estate

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Whether you are John D. Rockefeller, Sr. or not I would argue that the smaller the estate sometimes the more it matters. That home can really be valuable to the family. The retirement savings needs to be protected and needs to last.

 

—————————————————————————

Greg McIntyre:             Hi, this is Brett McIntyre with McIntyre Elder Law, coming to you from New York City. I’m talking about big town, small town, big estate, small estate, anywhere in between, it doesn’t matter. It’s all important. It’s important to do planning. I’m here at The Vessel, which is an amazing stairwell, and I’ll put some footage in of The Vessel as well at the end of this so you can see it. We’ve got the Hudson in the background. What a great city. What a great view, and I mean, I guarantee you within a few miles of where I’m standing, there are a lot of people with very, very large estates that need very, very in depth and extensive estate planning.

Greg McIntyre:             But it’s really no different, even if you have a smaller estate or anywhere in between. Still, you start with foundational work. You get all your foundations knocked out. I would even argue that a smaller estate is more important to home, keeping that home in the family, using that for the family to use as a financial asset to own that for the rest of your life. That could be even more important to you with a smaller estate than with a really, really multimillion dollar or billion dollar estate, such as some of the people around us have. That could change the trajectory of a family, send a grandchild to college.

Greg McIntyre:             Even in a large estate, you still need to start with foundations, the same as in any range. Foundational work, I say, is general durable power of attorney, which allows somebody to handle your finances for you if you’re incompetent or incapacitated, healthcare power of attorney, living will and will. All those things are extremely important. And then you could get into things like deed planning to protect, say a ladybird deed on the house, maybe a life estate deed on other property that you have in addition to the house or decide whether you want it to go into a little more complex trust planning. But trust planning really depends on assets and goals.

Greg McIntyre:             Let’s say I had a farm that I wanted to stay in my family for generations and I didn’t want any of my knucklehead kids to turn it into a golf course or sell it off for development. I might want to put that in trust. If I wanted to protect my retirement, maybe some of my real estate, my home, I can put that in trust. Whether I have longterm care insurance can factor into this entire equation such as if I have longterm care insurance to pay for five years of assisted or nursing home care, then I’m not as concerned about locking everything down right now protecting me. But if I don’t, I might want to use something like an irrevocable trust or I might call it a Medicaid asset protection trust to really protect the home and maybe some other property and retirement assets so that those would be there for the rest of my life and then also would be there for my children and grandchildren’s lives.

Greg McIntyre:             We engage in that planning all the time. The real failure is not to engage in planning. Do you think that the people that built these buildings and that designed this city didn’t engage in some long range planning? I guarantee you they did. To achieve great things, you have to plan, and you can certainly start small. We help people with small, medium, and large estates and anywhere in between, and we’re happy to do that. I’m Greg McIntyre with McIntyre Elder Law, just talking about big town, small town, large estate, small estate, it doesn’t matter. Planning is the key. If you want any help, you can reach us at 704-749-9244 or online at MCElderLaw.com/EstatePlanning. Have a great day.

Greg McIntyre:             Joe Juniors, Joe Juniors. And what neighborhood are we in? We’re not at Union Square yet. Greenwich? Greenwich Village? Joe Juniors in Greenwich Village. This is breakfast with Drew. Say hey, Drew. He looks so stoic. Pretty much just eat what Drew eats. Drew’s a lot healthier than I am. This is probably one of my oldest friends in the world, and I can’t remember not knowing Drew. He’s taking time off of his busy international travels. We’re hanging out in New York City for the weekend, for a few days. He really does smile.

Drew:                           You got to take the snack shop whenever you can get it.

Greg McIntyre:             Not too different than a snack shop, Joe Juniors.

 








Big Town/Small Town – Big Estate/Small Estate

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I have been working in Manhattan for the last few days and the contrast between the massive size of this city and most others is striking and apparent. However, at the core, the city is made up of people. These people have the same desires, hopes and dreams as the people in my hometown of Shelby, NC. At the core, they are very similar. The people in NYC want relationships and families. They want opportunity, education, prosperity the same as other folks anywhere. There are big cities, small cities and every size of city all across the United States and the world.
 
The same is true of estate planning for families. There are families of all sizes and shapes. There are families at different varying levels of wealth. Individuals and families have different estate sizes. Some families simply have more stuff while others have less. But, all is important. Planning can be a bit different for a large estate versus a smaller estate but at the core it is still about protecting and passing on what is valuable to you. Here are 3 main points I think are valuable to make when considering planning for an estate of any size:

 

  • Everyone’s property is valuable. Whether you are John D. Rockefeller, Sr. or not I would argue that the smaller the estate sometimes the more it matters. That home can really be valuable to the family. The retirement savings needs to be protected and needs to last.

 

  • Different planning tools. Everyone can benefit by engaging in foundational planning. Foundational work, from my perspective, is putting in place the basic estate planning documents that you need to operate your life and beyond: General Durable Power of Attorney, Healthcare Power of Attorney, Living Will, and Will. From there you may consider Deed protection, a Lady Bird Deed on your home, a Life Estate Deed on other properties, planning with Trusts or a combination of planning options. Trust can be great tools for avoiding probate and protecting assets depending on your goals. The bigger the estate, the more you may be worried about estate tax, but trusts can be used to achieve goals for families with estates both large and small. A revocable living trust can certainly be used to control assets while avoiding probate. You may choose to use an irrevocable trust to protect your home and other assets from a Medicaid recovery if they pay for long term care. Is there long term care insurance in place? If so, that could be a factor in considering which planning route to go. Of course, all planning really hinges on your personal and family goals. Is the goal to protect money and property and pass those down to next generations? Is your goal to send the grandchildren to college? Is the goal to preserve farmland to stay farmland for generations? Trusts can certainly help accomplish these goals and more.

 

  • Every estate size deserves a plan. No matter if your estate is large, small or anywhere in between, you should absolutely engage in planning with a professional. Most people can benefit from foundational estate planning. Most families have real estate to protect either by deed or trust. Most families can benefit regardless of the size of the estate by engaging in proactive estate and elder law planning.
 
Can we help you and your family with your estate and elder law planning needs? Learn more by calling: 704-749-9244 or online at: mcelderlaw.com/estateplanning.
 
Greg McIntyre JD, MBA
Elder Law Attorney
written by:
 
Greg McIntyre
Elder Law Attorney
704-749-9244
greg@mcelderlaw.com

Be A Role Model: Are You Setting a Good Example for Future Generations?

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The children and grandchildren are watching whether you realize it or not. Set a precedent of planning.

 

Here at McIntyre Elder Law, we are trying to get the word out. Specifically, we are trying to inform every one of the importance of planning ahead. There are many reason to start setting up an estate plan as early as possible: maybe you want to protect assets; maybe you want to avoid probate; perhaps you want to qualify for benefits to pay for long-term care; or maybe you just want to set a good example for your loved ones.

The thing I remember about my grandparents is how hard they worked. They were Depression era migrant workers who saved enough money to buy land and begin farming. But just because they finally had land of their own doesn’t mean it was all downhill from there. My grandparents toiled daily, farming, milking cows, raising poultry, and breaking horses. Despite the weather, sickness, or injury, they were up before the sun and worked until late at night.

This had a huge impression on me. It made me realize that a good work ethic is paramount in this life. It has continually motivated me to and inspired me. However, the most impactful example my grandparents set was how they planned ahead.

My grandparents realized how hard they worked to earn what they had. They also knew that they wanted to ensure that their children could benefit from that hard work. So, despite having never had much use for an attorney, they sought out an estate planning lawyer to help them plan ahead.

The plan they ended up setting in place had many benefits, of which a couple stand out. First, their assets were protected. Thus, the land, cattle, crops, equipment, and everything else they had earned were preserved for their children to inherit.

Second, there was no long process. The way my grandparents set everything up allowed their children to avoid the probate process. There was no court process that tied up inheritances for 6 months to a year. There was no government involvement in the passing of the assets. Everything was straight-forward and happened almost instantaneously.

Lastly, there was no litigation. My grandparents had 12 children who did not always see eye to eye. They didn’t think any of their children would challenge an estate plan, but they also knew that people have crazy reactions when a parent or loved one dies. Their estate plan limited their children’s opportunity to sue or challenge their plan. This led to a seamless and tranquil passing of assets.

I strive to be like my grandparents. Not only do I want to be a hard worker, I also want to ensure that I set plans in place that not only benefits my loved ones but inspires them as well. I started planning early on; not just because I want to protect my assets, but so I can answer “yes” to the question: Am I Being a Role Model?

Book Your Appointment Today!

Brenton S. Begley
Elder Law Attorney

Regards,

Brenton S. Begley

Elder Law Attorney

McIntyre Elder Law

“We help seniors maintain their lifestyle and preserve their legacies.”

www.mcelderlaw.com

Phone: 704-259-7040

Fax: 866-908-1278

PO Box 165

Shelby, NC 28151-0165








Be a Role Model: Are You Setting a Good Example for Future Generations?

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Greg McIntyre:             Hi, this is Greg McIntyre with McIntyre Elder Law, helping seniors protect their assets and legacies. And I’m here with fellow attorney Brenton Begley, who’s also with our firm. And we’re going to talk today about being a role model and what that means. And being a role model, perhaps not in the traditional sense that you might think of, but by setting an example for your family and for other reasons.

Greg McIntyre:             So how can estate planning Brenton, how can Elder Law in any way help you be a role model or set a precedent for your family?

Brenton Begley:            Right. So, you know, I wrote an article about this because I really think about this sort of thing when I’m talking to clients. The way that you can set an example and be a role model is to show your loved ones how prepared you were in your life and not only after your life, but during your life too. Life is easier if you’re organized, right? Life is easier if you plan ahead. You give this example all the time, Greg. Your son Tucker, right? If he has homework, when should he do it?

Greg McIntyre:             He should do it ahead of time. Not until the night before. Okay.

Brenton Begley:            That’s right [crosstalk 00:01:21].

Greg McIntyre:             Yeah. He should do it ahead of time.

Brenton Begley:            Is he going to do his homework ahead of time or the night before if he doesn’t have anybody to model that behavior after? If his dad waits until the last minute to do everything. If his dad doesn’t plan ahead, is he going to plan ahead? So the answer’s no.

Greg McIntyre:             Great role models that he has is his older brother. Okay? Who’s in college now who really, really gets ahead on his planning and homework and is very organized. And, I would like to think I am a good role model for him as well as far as planning, organization and living a good life to give him an example. To that point, my parents never talked about money.

Brenton Begley:            Right.

Greg McIntyre:             That was a horrible thing. And another great article we should write, by the way.

Brenton Begley:            Right. You can go to either extreme. Like your parents don’t talk about money.

Greg McIntyre:             Sure.

Brenton Begley:            And so that’s one extreme. And my parents always talk about money, always talk about bills, and so us kids felt guilty about the fact that, if we didn’t have money, right?

Greg McIntyre:             Right.

Brenton Begley:            So I think you can go either extreme. But if you can show that you’re secure, even if there’s … everybody has financial problems.

Greg McIntyre:             Sure.

Brenton Begley:            So if you can show that you’re secure, you’re not afraid to talk about money, have it works, but you don’t put that burden on other people, then that’s a balance you want to strike, because that’s the type of role models you want to be.

Greg McIntyre:             Sure. I think you have to be … how about I think if your parents, grandparents set a culture and a family of planning, being financially responsible of talking about those things, as opposed to simply ignoring them and act like they don’t exist, then you could change the trajectory of your family by being a role model by saying, “Look, I am doing planning for my behalf and your behalf. My foundational documents are in place.” I love it when people come to me and say, “It was so easy to operate things when something happened to mom and she needed some help. I was able to come in as the healthcare agent, under the the healthcare power of attorney. We were able to manage all accounts so that all bills were paid. And she already had the planning set up so that her property passed maybe outside of probate and was protected against any liens like real estate, home, things like that. And perhaps other accounts and things like that we’re also protected and passed outside of probate as well.

Greg McIntyre:             When I can help somebody set up that way, it’s awesome. And I happen to think it rubs off on those kids too because those children a lot of times say, “Hey, we need to get with you to do some planning as well so that we can set things up equally to be protected and to be that easy for our children.”

Brenton Begley:            Oh man, those are the easiest consultations aren’t they? When they come in already knowing the importance of planning ahead because they’ve had real world experience with that. You don’t have to explain to them the importance of these foundational documents like powers of attorney, living will, will, that sort of thing. And which, hey, I don’t mind doing that. I don’t mind spreading the gospel. I don’t mind informing people of how it all works. But, it’s great when people already know. They come in and they say, “Hey, we really need this because, if I’m in the same situation that my mother was in, my sibling was in, my spouse was in, I’d want someone to be able to act for me. Or I’d want my money not to be tied up. Or I’d want my finances or my healthcare, right? I want to be protected.

Greg McIntyre:             Absolutely. So there’s all kinds of role models out there. I remember Michael Jordan was my role model growing up, [inaudible 00:05:23] in sports, and I was out trying to dunk like on a first an eight foot, then a nine foot. When I grew and all my friends were out there, I mean just [inaudible 00:05:33] on a nine-foot goal, just trying to take that thing down, all trying to be like Mike. Then we’d throw it up to nine and a half, and then 10. And just all trying to be like Mike and dunk and just be awesome. And the guy was a great role model to look up to. Kind of like a Superman of basketball really.

Greg McIntyre:             But, those aren’t the only types of role models that we have. Who are our other role models? Leaders in the community sometimes [crosstalk 00:06:02], sometimes fireman. Politicians used to be role models, right?

Brenton Begley:            Yeah, used to be.

Greg McIntyre:             Yeah. And, we have certainly historical role models. How many people look at their family as their role models?

Brenton Begley:            Yeah, that’s a good question.

Greg McIntyre:             Not enough. Not enough.

Brenton Begley:            Certain members of your family are always going to serve as a role model in one way or another. It could be good or bad. Because role models are-

Greg McIntyre:             That’s a good point. You’re going to be a role model whether you want to or not. Despite what Charles Barkley says, “I’m not your …”

Brenton Begley:            Oh yeah. Hey man, [crosstalk 00:06:37] I’ve seen many, many peoples take pride in not reading, take pride and not educating themselves. Take pride in living a certain way that may be detrimental because that’s the way my dad did it. That’s the way my mom did it.

Greg McIntyre:             And they were cool with that because that was their culture in their family and their comfort zone.

Brenton Begley:            Right. And those parents didn’t understand how much of an effect they were having on those children. Right? By-

Greg McIntyre:             Well, they were a role model [crosstalk 00:07:05]. So you don’t have to step up and be like, “Hey, I’m going to be a role model now.”

Brenton Begley:            … No.

Greg McIntyre:             “I’m going to be this super person in a great way.” You are being a role model in your family no matter whether you want to not, and no matter whether you step up and proclaim that you’re a role model model or not. People in your family are watching you.

Brenton Begley:            Right.

Greg McIntyre:             Especially the young people and say, “Hey, this is how I should be. This is how my dad is. This is how my granddad is. Mother, grandmother.” Right? And it makes them okay with being the same way.

Brenton Begley:            Right.

Greg McIntyre:             Some people go against the grain, but I think society would show, and history would show, it’s not the norm that you go outside of your family culture and boundaries and values.

Brenton Begley:            Hey man, I have wore some weird clothes throughout middle school, early high school, because hey, I had an older brother who went through the 90s’ grunge phase for a while, right? So I looked up to him too, man, I wanted to be just like him. And so I wore some pretty odd clothing growing up because of that. And hey, that’s over, right? I’d like to think I have good sense of style now. [crosstalk 00:08:24] he’s got a better sense of style now. That’s right, wear a suit. But [crosstalk 00:08:28].

Greg McIntyre:             It’s not your brother’s suit.

Brenton Begley:            That’s right, it’s not my brother’s suit. My suit. But I’ll tell you this, he didn’t realize that I was wearing funny clothes because he was wearing funny clothes, right?

Greg McIntyre:             Right.

Brenton Begley:            He was just living life and I was just trying to be like him for the better or worse. And that’s just such a good example. I saw that with my younger nieces and nephews, I’m the youngest so I’m the [inaudible 00:08:57]. Nieces and nephews, they wanted to be like me too. So I had to take a look at my wardrobe and fix that. Take a look at my actions. Fix that too. You know?

Greg McIntyre:             So, planning to protect your money, property, getting your legal and financial affairs in order, sets an amazing precedent for your children, your grandchildren, the people that are watching you and want to be like you and want to make the way they do things okay. So it could mean an entire culture shift for your family and direction for your family. So I would counsel people to be a good role model. We would be glad we would be glad to help with that. If you have any questions about estate planning or elder law, please give us a call or visit us online. You can call us at 704-749-9244. Or online at mcelderlaw.com.

Greg McIntyre:             Thank you for joining. Thank you for listening to the Elder Law report and watching. And we’ll come to you next week with an important piece of information we think that will add value to your life. Have a great week until then. See you next week. Thanks Brenton.

Brenton Begley:            Good night.

If you have any questions or want to learn more you may contact McIntyre Elder Law at: 704-749-9244 or online at mcelderlaw.com.








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