Senior Transitions - Planning for Seniors and Helping Seniors transition to the next phase

Summary: In this episode of The Perfect Property, Juli hosts two different guests to talk all about elder law and senior move services. These are important topics since the U.S. Census Bureau estimates that a good portion (20 percent) of Georgia’s population will be 60 and older by the year 2030 and this population faces unique challenges when it comes to moving and planning for the future. 

The first guest, Kelly Napier, works with Brandon Napier Elder Law Firm. She explains the differences between two types of trusts: revocable living trusts and irrevocable trusts. She also goes into probate, estate planning, how to protect seniors from targeted scams, and reverse mortgages.

The second guest is Robert Kurth from Senior Transition Services in the metro Atlanta area. As a Senior Move Manager, he explains what someone in his role does to help a move go as smoothly as possible. He also gives listeners valuable advice when it comes to the correct steps to take when moving a senior, whether they’re moving into a community living facility or downsizing into a smaller house.
 
 

What You’ll Learn: 

·         Unique challenges that seniors face (1:00) 

·         Revocable living trusts (2:41)

·         Irrevocable trusts (5:05)

·         What is probate? (7:23)

·         What is the typical age of elder law and estate planning clients? (9:02) 

·         Estate planning (9:41)

·         The difference between guardianship and conservatorship (11:33)

·         Protecting seniors from targeted scams (15:24)

·         Misconceptions about asset planning and estate sales (17:05)

·         Reverse mortgages (19:09)

·         Top three reasons to contact an elder law attorney (21:49)

·         Welcome to Robert Kurth 

·         What does a senior move manager do? (23:12)

·         What unique challenges do seniors have when they move? (24:21)

·         The average age of Robert’s clients (25:11)

·         What are the steps of moving a senior? (26:04)

·         Special certificates and training for Senior Move Managers (28:55)

·         What area does Robert and his company service? (30:13)

·         How Robert got started as a Senior Move Manager (31:24)

·         Compassion and working with emotionally stressed people (36:04)

·         What happens with pets? (36:59)

·         Robert’s experience as a public speaker (37:25)

·         Real estate agents and Senior Move Managers working together (40:52)

 Key Points:
 
 “As elder law attorneys, we help a lot with care transitions.”

“For our elder law work, our average age is around 80 and for estate planning, usually around 55.”

“When you set up a revocable living trust, you want to put all your real estate into it… You can name your checking accounts, you can name all your investment accounts. The only thing that doesn’t go in your revocable living trust are your retirement accounts.”

“Probate is the process where assets that are in the name of a person who is deceased are transferred to someone else. If you have a will, you get to name who that someone else is… If you don’t have a will, the state of Georgia gets to say where it goes. It doesn’t go to the state.”

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