What if you could protect your assets and ensure your family's security with a flexible estate plan? Our special guest, attorney Brenton Begley from McIntyre Elder Law, provides essential insights on estate planning and how it can prepare you for the future. In our discussion, Brenton highlights the two main risks people face with their money and property: the cost of long-term care and probate. He breaks down the probate process and explains why it's crucial to have a plan in place to protect your assets from government control.
Don't be part of the 70% of individuals over the age of 65 who need long-term care and are unprepared. Britton shares valuable information on how to plan ahead, creating a flexible estate plan that safeguards your family and property in case of life-changing situations. Plus, learn how you can schedule a free consultation with Brenton and his team at mclderlaw.com for personalized advice and guidance on your estate planning needs. Tune in to this crucial conversation and take control of your financial future today!
Well, in this morning's legal spotlight we're joined by attorney Brenton Begley from McIntyre Elder Law, and our topic this morning is what estate planning helps you prepare for. So let's start with the basics What is estate planning, sir?Attorney Brenton Begley:
Well, estate planning is all about planning for the future and anticipating the risks that we all face to our money and our property.Eugene:
So what are some of the biggest risks that people face with their money and the property?Attorney Brenton Begley:
Well, there's two main ones. The first one is the cost of long-term care. So if you ever need skilled nursing care, nursing home, in-home care, that sort of thing And number two is probate- And what is.Eugene:
Probate.Attorney Brenton Begley:
So probate is really that's the government taking control over someone's assets.Eugene:
How to say that again, the government's taking control of your assets.Attorney Brenton Begley:
That's right. After someone passes away, there's a process where the government takes control of the assets before they get to the heirs, and it's important to know that that happens, because that is the only opportunity in North Carolina for a creditor to come after the estate.Eugene:
Is in probate.Attorney Brenton Begley:
Is in probate, that's right.Eugene:
OK, we'll avoid that. So who needs long-term care? You mentioned about long-term care. Who needs to worry about long-term care?Attorney Brenton Begley:
Well, 70% of individuals who make it past the age of 65, so retirement age will end up needing some type of long-term care. So really all of us need to worry about the cost of long-term care because it's not cheap. So there's in-home care. Most people want in-home care because you get to live in your home, but there's also the possibility of going to some type of facility, whether assisted living or a skilled nursing facility, which can be very, very costly $5,000, $10,000, $15,000 a month.Eugene:
So how can you avoid, or at least mitigate, some of these life-changing situations?Attorney Brenton Begley:
Right. so it's all about planning ahead, putting the pieces in place to make sure that you, your family, your property are protected. But if you do have some type of plan in place, it can be flexible. It can make sure that you don't have to go through a long-lengthy probate process and make sure that your money and property is protected If, God forbid, you do need long-term care.Eugene:
So you guys do free consultations correct? How does that benefit the person who's getting into free consultation?Attorney Brenton Begley:
Well, we're all about education. That's why we do things like this show, we do seminars, we put out a lot of information on our website And we want to educate folks person to person. That's the best way to do it. So come on in, sit down with me for an hour and I'll tell you exactly what you need.Eugene:
All right. So what can people schedule appointments?Attorney Brenton Begley:
mclderlaw. com is our website And you can schedule right there on the website mclderlaw. com.Eugene:
Well, britton, thank you very much sir.Attorney Brenton Begley:
Absolutely, thank you. Please don't wait till it's too late. Come back and tie your elder-in-law.