Shire Law Group, PC® presented today on Family Finances and Planning for the Future - a lively discussion on how people handle money and how that ties into estate planning and planning for long term care.
Alan R. Press and Caren E.I. Naidoff of Shire Law Group, PC®
Caren Naidoff led a great discussion on the different money personalities and how the different types (for example, the “Money Hoarder”, the “Money Spender”, the “Money Avoider”, etc.) interact. Caren also discussed the importance of designating a “Family CFO” as the lead person in the family to navigate through all financial decisions. Alan Press then tied the discussion in to estate planning and planning for long-term care.
The discussion drew the interest of a full-house and our host, Belmont Village of Buffalo Grove, IL in collaboration with the Buffalo Grove Lincolnshire Chamber of Commerce, could not have been nicer.
Caren and Alan discussed the importance of being prepared by having all of your estate planning documents up to date! The discussion included a review of the essential elements of an estate plan and how to coordinate your plan to fit into your own unique goals and family.
Shire Law Group, PC® lead a program at Belmont Village in Buffalo Grove, IL to discuss the various options in paying for Long Term Care. Caren and Alan discussed private pay, traditional long term care insurance, hybrid insurance (life insurance or annuities with long term care benefits or riders), Medicaid and Veteran’s Aid & Attendance benefits.
Caren and Alan were on hand to meet and greet residents and families at the Wellshire community in Lincolnshire, IL. In addition to meeting some great people, Shire Law Group, PC® was on hand to discuss the various solutions that it can provide for families navigating long term care options and how to best plan.
Shire Law Group, PC® is reaching out to the community with SOAR (Senior Outreach and Resources) to bring much needed information to those dealing with long term care issues and other issues affecting seniors.
