Eldercare and Disability(regardless of age): It's all about planning ahead!


About the Presenters

Mark Hyjek, CELA & Tamara Zidar,CFP, CSA

Mark A. Hyjek, CELA (Certified Elder Law Attorney)(www.hyjeklaw.com) will address legal issues as one of the best Elder Law attorneys in California.  Please note his teaching engagements, including the CA State Bar Association for continuing education of CA attorneys. 

Tamara Zidar will address issues of "how to pay" for and plan for the costs attached to caregiving.  Tamara is both a CFP and CSA (Certified Senior Advisor) and one of CLC's premier financial coaches.

About the Program

This hour long teleconference training will answer the question:

What are the primary legal concerns of long-term care and how can a family pay it? 

A.  Teaching Objectives:

  1. The Elder Law/ Estate Planning attorney's perspective regarding the importance of "planning for long-term care"-- mental capacity issues and restrictions when lost.
  2. The Financial Planner's perspective regarding the importance of planning ahead for the costs of long-term care, using LTCi and reverse mortgages. 
  3. The importance of the coordinated working relationship between the Attorney and Financial Planner.
  4. The difference between an Elder Law Attorney and an Estate Planning Attorney.

B.  What you will learn from this presentation: 

  1. What are the critical legal documents that must be in place for each client, prior to “mental incapacity” taking place?
  2. What is the importance of Durable Power of Attorneys (DPOA) in the planning process?
  3. Why is it so important that all estate-planning documents coordinate with the Durable Powers of Attorney?
  4. What is the primary role of LTCi in paying for the costs of long-term care?
  5. Why is the time of application for LTCi so critical- insurability and premium costs?
  6. What is the role of the Financial Planner in asset management to pay for long-term care costs?
  7. How does a reverse mortgage factor into the financial planning process?
  8. How should the Elder Law Attorney and Financial Planner work best together in the best interests of the client?

Participants will have a chance to ask questions.

 

Thank you for attending HPS University!