Latest / The Steve Harvey Morning Show / Founded senior citizen care law firm to protect assets, lifestyle and long-term care, Attorney Cindy Nelson.

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Founded senior citizen care law firm to protect assets, lifestyle and long-term care, Attorney Cindy Nelson. · The Steve Harvey Morning Show

0:05
Speaker 1: Welcome to Money Making Conversations.
0:06
Speaker 2: It's the show that she has the secrets of success
0:08
Speaker 2: experience firsthand by Marketing and Brandon expert Rashan McDonald. I
0:12
Speaker 2: will know he's giving me advice on many occasions. And
0:14
Speaker 2: in case she didn't notice, I'm not broke.
0:17
Speaker 1: You know.
0:17
Speaker 2: He'll be interviewing celebrity CEOs, entrepreneurs and industry decision make
0:21
Speaker 2: because it's what he likes to do, it's what he
0:23
Speaker 2: likes to share. Now it's time to hear from my man,
0:26
Speaker 2: Rashan McDonald money Making Conversations.
0:29
Speaker 3: There we go right, This is Rashan McDonald. Thank you,
0:32
Speaker 3: Thank you, thank you. I host this weekly Money Making
0:35
Speaker 3: Conversations masterclass show. The interviews and information if this show
0:38
Speaker 3: provides are for everyone. Like I always say, it's time
0:41
Speaker 3: to stop reading other people's success stories and start living
0:44
Speaker 3: your own. My first guest says, we get started here.
0:47
Speaker 3: My first guest is attorney Cindy Nelson. She founded the
0:50
Speaker 3: largest elder care law firm in the state of Georgia.
0:54
Speaker 3: Her law firm is Nelson Elder Care Law. She's committed
0:57
Speaker 3: to provide a compassionate legal guidance to help protect your assets,
1:01
Speaker 3: your quality of life and your peace of mind at.
1:04
Speaker 1: Every stage of life.
1:05
Speaker 3: They helped over five thousand families prepare and plan for
1:09
Speaker 3: whatever curve balls.
1:10
Speaker 1: Life can bring you as you age. That's important.
1:13
Speaker 3: That's why I brought it on this show because a
1:15
Speaker 3: lot of people as they get aged don't prepare and
1:18
Speaker 3: just get trapped and get stuck out there, don't know
1:20
Speaker 3: where their money goes. But the person I'm bringing on
1:22
Speaker 3: your show has been honored as one of the top
1:25
Speaker 3: ten best attorneys by the American Institution of Legal Counsel.
1:29
Speaker 3: Please welcome to Money Making Conversation Master Class, Attorney Cindy Nelson.
1:33
Speaker 3: How you doing an attorney?
1:35
Speaker 4: I'm doing great? How are you pretty good?
1:37
Speaker 3: First of all, thank you for taking the time to
1:39
Speaker 3: come on my show, Money Making Conversation master Class. And
1:41
Speaker 3: I want to get just started right off. How how
1:45
Speaker 3: is aging as a woman different than aging as a man?
1:50
Speaker 4: Oh man, That is a really good question, because I
1:52
Speaker 4: don't think that a lot of us really think about that.
1:55
Speaker 4: But if you look at the average income or median
1:59
Speaker 4: income for people that are over sixty five, men usually
2:03
Speaker 4: have twenty seven thousand dollars a year, A twenty three
2:06
Speaker 4: hundred dollars a month, but as women, we have fifteen
2:10
Speaker 4: thousand dollars a year or twelve hundred dollars a month,
2:15
Speaker 4: So that's almost fifty five percent less than men. So
2:19
Speaker 4: if you look at that, and then we all know
2:21
Speaker 4: orizon right, that men usually are married as we get older,
2:26
Speaker 4: and a lot of us women are single. So if
2:30
Speaker 4: you take the higher income and then make it to
2:34
Speaker 4: income family, the cost of living and what you have
2:37
Speaker 4: available is quite a bit different than if you're just
2:40
Speaker 4: a single woman.
2:42
Speaker 3: Well, you know, it's really it makes sense because of
2:44
Speaker 3: the fact that we tend to just assume things. We
2:47
Speaker 3: tend to stereotype values and income and all these things.
2:50
Speaker 1: And that's one of the reasons I wanted to bring you.
2:51
Speaker 3: On the show, because we are in denial as we
2:55
Speaker 3: get older that we don't want to tell people how
2:57
Speaker 3: oh we are, We don't admit that shifting into another
3:01
Speaker 3: phase of life is that does that create a problem.
3:04
Speaker 3: Because you're in the legal profession, you know, you got
3:06
Speaker 3: to have people tell you the truth in order to
3:08
Speaker 3: help them out. What are the sum of the stereotypes
3:10
Speaker 3: you hear on a regular basis. Is people denying their
3:13
Speaker 3: age a really big problem in your profession.
3:17
Speaker 4: I think denying their age, but also denying that you know,
3:21
Speaker 4: at some point in our life something is going to
3:23
Speaker 4: happen to most of us. We're gonna get sick and
3:25
Speaker 4: we're all gonna die. Right, we deny that. Our brain
3:30
Speaker 4: is really a great mechanism to help us deny that.
3:34
Speaker 4: So I think, yeah, a lot of us live in denial.
3:36
Speaker 3: And I'd say that because you know, you know, when
3:39
Speaker 3: I you know, I go through life, because life is
3:42
Speaker 3: like I always tell people, you know, and I say this,
3:44
Speaker 3: and I say this, not even joking. Institute, once you
3:46
Speaker 3: hit fifty, you know you're on the downside.
3:48
Speaker 1: Let's go.
3:49
Speaker 3: You know, only in the Bible do they live or forever? Okay,
3:53
Speaker 3: really in reality, but I do. I do notice that
3:57
Speaker 3: you see more and more people living in their natives.
3:59
Speaker 3: Do you see more more people making that one hundred
4:01
Speaker 3: birthday nowadays? So the quality of life and the way
4:04
Speaker 3: we're eating and the way we're sustaining ourselves is extending
4:08
Speaker 3: our life a lot more as we get older. But
4:11
Speaker 3: the truth about how you plan for that, And so
4:14
Speaker 3: when I had an opportunity that you wanted to bring
4:17
Speaker 3: you on the show, it's like, how do you plan
4:19
Speaker 3: you know, because you're passionate about the state planning and
4:23
Speaker 3: elder law, especially for women. Why is it especially for
4:27
Speaker 3: women because you talked about the income issue and you know,
4:31
Speaker 3: being on the average versus men.
4:34
Speaker 1: But why are you so passionate?
4:38
Speaker 4: Well, because as women, women live longer typically than men,
4:43
Speaker 4: and so we're also the caregivers throughout our lives. We
4:47
Speaker 4: are kind of in and out of the workforce and
4:50
Speaker 4: that's our choice. But you know, we want to take
4:53
Speaker 4: care of the children, or maybe we're taking care of
4:56
Speaker 4: our parents or another family member. Gives us a different
5:02
Speaker 4: I guess kind of parameters of the jobs that we
5:04
Speaker 4: can take because we need that flexibility. So maybe we
5:08
Speaker 4: can't take the highest profile jobs or the ones that
5:11
Speaker 4: get the most benefits or money because we have this
5:16
Speaker 4: other caring part of us that we really want to
5:20
Speaker 4: be a part of our family's lives. Right, So there's
5:23
Speaker 4: a sacrifice there. And then the fact that we live longer,
5:28
Speaker 4: so we might be taking care of a spouse, which
5:32
Speaker 4: you're right, people do live longer as a whole, but
5:35
Speaker 4: we don't live longer healthy, right, right, We actually have
5:39
Speaker 4: quite a bit of illness which becomes very expensive.
5:43
Speaker 3: You know, because reason I bring this up when I'm
5:46
Speaker 3: talking to you, Attorney Nelson, is that you know, we
5:49
Speaker 3: see the billboards, we see the commercial you know, personal.
5:52
Speaker 1: Injury law is everywhere.
5:54
Speaker 3: You know, you can't you can't drive down a freeway
5:57
Speaker 3: in this country and I see a personally injury boil bull.
6:00
Speaker 3: They are actually sponsoring TV shows and radio shows. And
6:05
Speaker 3: I'm not saying anything negative of that. You know, there's
6:08
Speaker 3: a part of I guess there's a pot of goals
6:09
Speaker 3: in over there in personal injury. Now you've chosen this
6:14
Speaker 3: form of elder care law.
6:16
Speaker 4: Why I didn't know until I kind of stumbled into
6:21
Speaker 4: this that we work our whole lives, we save money
6:26
Speaker 4: with the idea that at some point we're going to
6:29
Speaker 4: retire and have you know, a lot of fun our
6:32
Speaker 4: golden years right right. In reality, what happens is a
6:37
Speaker 4: lot of people get to retirement and they become ill.
6:42
Speaker 4: They don't have as much time to have this fun,
6:46
Speaker 4: and then the high cost of medical expenses and all
6:50
Speaker 4: of the things that Medicare doesn't cover have to come
6:53
Speaker 4: out of pocket, and a lot of people lose their
6:57
Speaker 4: whole life savings paying for that care. So now, if
7:01
Speaker 4: you bring back that you're a woman and you're going
7:04
Speaker 4: to live longer than your spouse. Most likely you're going
7:09
Speaker 4: to spend a lot of money and what's going to
7:11
Speaker 4: be left for you. So I don't want people to
7:15
Speaker 4: lose their whole life savings. I don't think any of
7:18
Speaker 4: us decided that we were going to put money back,
7:21
Speaker 4: not go on the best vacation or buy the best
7:24
Speaker 4: clothes of furniture because we wanted to pay it for
7:27
Speaker 4: medical bills later in life. None of us thought that
7:32
Speaker 4: we thought we were going to have a great time,
7:34
Speaker 4: but in reality that isn't what happens. Wow, And there
7:37
Speaker 4: are steps that we can all take to protect our
7:41
Speaker 4: life savings, but most people don't know about it. They
7:46
Speaker 4: don't have the information.
7:48
Speaker 1: So you talked about those steps.
7:50
Speaker 3: Were you aware of those steps? Can you give us
7:52
Speaker 3: you know, I want people to come to your office,
7:54
Speaker 3: I want people to.
7:54
Speaker 1: Go to your website.
7:55
Speaker 3: Are there steps of information you can provide to us
7:58
Speaker 3: to let us know absolutely?
8:00
Speaker 4: Yeah. One of them is a trust. And so if
8:04
Speaker 4: you hear the word trust, you might be like I
8:07
Speaker 4: was when I first heard the word trust. I thought
8:09
Speaker 4: there were some trust fun children somewhere that got a
8:13
Speaker 4: lot of money, and I didn't grow up in that environment,
8:16
Speaker 4: so I didn't think I needed to know about it.
8:19
Speaker 4: But in reality, wealthy people have been using trust for
8:23
Speaker 4: many years to protect their assets and then your assets
8:28
Speaker 4: one aren't taken for high hospital bills or if you
8:33
Speaker 4: have to go to the nursing home. We're all afraid
8:36
Speaker 4: if we go to the nursing home, we're going to
8:37
Speaker 4: lose our house. Well, if you have the right kind
8:40
Speaker 4: of trust, you're not going to lose your house. You
8:42
Speaker 4: can protect it. So there's a lot of things that
8:45
Speaker 4: you could do with a trust that will protect everything
8:48
Speaker 4: you've been saving all of your life. Wow, well again
8:52
Speaker 4: people don't know about it.
8:53
Speaker 1: Could we have a phone call here? I know we're
8:56
Speaker 1: about to go to the break.
8:56
Speaker 3: I want to make sure because oh I didn't giving
8:58
Speaker 3: out the number attorneyayils and people calling in.
9:01
Speaker 1: Okay, so we.
9:02
Speaker 3: Have Julie, how are you doing? You have a question
9:04
Speaker 3: for Attorney Nelson and you're only show money Making Conversation
9:07
Speaker 3: hosted about me ra Sean mcdun what's your question?
9:10
Speaker 1: Thank you for calling.
9:11
Speaker 5: Yes, yes, good evening.
9:12
Speaker 6: Oh my question was what does a living will exactly
9:16
Speaker 6: protect in how difficult is it to get one? And
9:20
Speaker 6: what's that process like? So I always hear about.
9:22
Speaker 4: It, the wonderful question a living will. It doesn't protect
9:29
Speaker 4: anything except for your own decision making when you are
9:32
Speaker 4: in the end of life. So with a living will,
9:36
Speaker 4: you get to choose whether you want to be left
9:39
Speaker 4: on life support or you want the plug to be pulled,
9:43
Speaker 4: so to speak, or and terminate life support. If you
9:47
Speaker 4: don't make that decision, then chances are that somebody else
9:52
Speaker 4: is going to have to make that decision. But we
9:54
Speaker 4: all know whether we want that or not. So it's
9:58
Speaker 4: better if we make the decision that our loved ones
10:00
Speaker 4: don't have to make it because they live with guilt
10:03
Speaker 4: for a long time. If they have to make that
10:05
Speaker 4: decision and we know what decision is going to be made,
10:09
Speaker 4: they're very easy to get. Everybody over eighteen needs to
10:13
Speaker 4: have one.
10:14
Speaker 3: A living will. So a living will basically is what
10:17
Speaker 3: it is, the title of living and the tie to
10:20
Speaker 3: the decision you make if you've put in that situation
10:22
Speaker 3: where is life or death? And what are some of
10:25
Speaker 3: the stipulations that I never I've heard of this, but
10:28
Speaker 3: it's the first time I've heard it on my radio.
10:30
Speaker 3: Show or there's certain stipulations of flatlining I don't know,
10:34
Speaker 3: or certain readings out on the monitor. The doctor has
10:37
Speaker 3: to say that this is where it's ent to this
10:39
Speaker 3: point that it applies it to the living will information.
10:43
Speaker 1: How does that work?
10:44
Speaker 4: And they could be written differently. Many attorneys all write
10:48
Speaker 4: them different So the way that we like to write
10:50
Speaker 4: them is that if you have a terminal illness with
10:53
Speaker 4: no chance, no way of recovering, right, and there is
10:57
Speaker 4: something that is keeping you up alive, do you want
11:02
Speaker 4: that to keep you alive with no quality of life?
11:05
Speaker 4: Or do you want your life to be terminated? But
11:07
Speaker 4: in either situation, we don't want you to be in pain.
11:12
Speaker 4: No pain. Then you could go with whichever way you decide.
11:18
Speaker 4: So who makes the determination that you're terminal?
11:21
Speaker 6: Right?
11:22
Speaker 4: Doctors? Do doctors make that determination? They'll say, you know,
11:27
Speaker 4: this is a terminal situation. There's probably no chance of recovery.
11:31
Speaker 4: Or we want to do these additional tests but there
11:34
Speaker 4: really isn't much of a chance of recovery. Do you
11:37
Speaker 4: want to proceed with those tests? What do you want
11:39
Speaker 4: to do? You can continue with treatment if you want,
11:43
Speaker 4: but the quality of your life is going to deteriorate
11:46
Speaker 4: and there's minimal chance of recovery. So if you're still competent,
11:52
Speaker 4: you can make that decision. Otherwise, you've got this legal
11:57
Speaker 4: document that you have our tailated. How you want that
12:02
Speaker 4: to play out?
12:03
Speaker 1: Cool? H Jolie, that did we ask you a question?
12:09
Speaker 5: Yes?
12:11
Speaker 6: I just assumed that it had something to do with
12:12
Speaker 6: my assets as well, So that's great. Thanks you for
12:14
Speaker 6: clarifying that.
12:16
Speaker 3: Okay cool, Thank you for calling the Money Making Conversation masterclass. Uh,
12:19
Speaker 3: thank you for asking that question so detailed. I want
12:22
Speaker 3: to get back to the trust a little bit because
12:24
Speaker 3: you were saying, use the word protection. Now when someone
12:28
Speaker 3: has a trust, are you saying that if they had
12:31
Speaker 3: tax issues? Uh, their their their their, their quality of
12:35
Speaker 3: life can be protected. That's that's in that trust. Can
12:38
Speaker 3: you just expound on that a little bit more on
12:40
Speaker 3: the trust?
12:41
Speaker 4: Well, let me differentiate the tax issues, because you don't
12:44
Speaker 4: want to mess with the I R S. If you
12:50
Speaker 4: got tax issues, the I R S wins every time.
12:52
Speaker 4: You need to take care of those. Okay, cool, But yeah,
12:55
Speaker 4: a trust is like a legal wrapper around something that
12:59
Speaker 4: you like a house that has some value. And with
13:03
Speaker 4: that legal wrapper, whatever it is that you're trying to
13:08
Speaker 4: protect it from. Maybe I get diagnosed with leukemia. I
13:13
Speaker 4: go to the hospital and I run up a million
13:16
Speaker 4: dollars worth of hospital bills, not unheard of, happens frequently,
13:20
Speaker 4: But I don't have a million dollars. So if I
13:23
Speaker 4: end up having to pay this million dollars in hospital bills,
13:28
Speaker 4: then I'm probably going to lose my house and any
13:31
Speaker 4: other investments that I have because I'm gonna have to
13:33
Speaker 4: pay it to the hospital. But I have those investments
13:37
Speaker 4: in an asset protection trust. Then they can't touch it.
13:42
Speaker 4: It's bulletproof. They can't come after it.
13:47
Speaker 3: So yeah, it makes sense. You know, I've heard of
13:51
Speaker 3: the word trust. But I'm just trying to make sure,
13:54
Speaker 3: like you said, rushan drop the tax issue if you
13:56
Speaker 3: got some tax problems, so I won't mislead any of
13:58
Speaker 3: my misstics the government. They are the bulletproof drops when
14:03
Speaker 3: it comes to taxes in the government, that's what you're saying.
14:05
Speaker 1: Very clearly correct.
14:07
Speaker 3: Yes, But when it comes to lawsuits, people trying to
14:11
Speaker 3: trying to regain your assets and basic lawsuits, they then
14:16
Speaker 3: your assets can't be protected.
14:19
Speaker 4: That's right. If you have the right kind of trust,
14:21
Speaker 4: your assets cannot be taken from.
14:24
Speaker 1: You, Okay. Cool?
14:25
Speaker 4: For a lawsuit, Let's say I get into a car
14:27
Speaker 4: accident and my insurance doesn't cover enough and somebody sues me.
14:32
Speaker 4: I'm guessing this happens every day because we see all
14:35
Speaker 4: these personal injury attorney billboards.
14:38
Speaker 2: Right right right.
14:40
Speaker 4: So if I have those, let's say my house and
14:43
Speaker 4: some investments and an asset protection trust, nobody can come
14:48
Speaker 4: after those.
14:49
Speaker 5: Wow.
14:49
Speaker 4: Cool, you can get them.
14:51
Speaker 3: As we go to break, Attorne Nailson, can you tell
14:53
Speaker 3: people how they can reach you?
14:55
Speaker 4: Yes, so you can reach us at six seven eight
14:59
Speaker 4: two five zero nine three five five.
15:02
Speaker 1: Cool.
15:02
Speaker 3: We're right back with more Attorney Nelson as we dive
15:05
Speaker 3: into family responsibility, less retirement, death, divorced legal documents, protect
15:10
Speaker 3: life savings, all those things. If you want to listen,
15:14
Speaker 3: hang in there, because this is the advice that as
15:16
Speaker 3: you were older, this is going to happen. Like she said,
15:18
Speaker 3: a living will you should have soon as you turned
15:21
Speaker 3: the age of eighteen. We were right back with more
15:23
Speaker 3: money making conversation with my guests, Attorney Cindy Nelson.
15:35
Speaker 7: We'll be right back with more money making conversations. Masterclass
15:39
Speaker 7: with Rashaan McDonald. You are now tuned into the Money
15:44
Speaker 7: Making Conversations Minute of Inspiration with Rashawn McDonald.
15:48
Speaker 8: Maria Taylor is the host of NBA Countdown is the
15:51
Speaker 8: first African American woman to co host College Game Day
15:54
Speaker 8: on ESPN by setting goals, and she won't allow people
15:57
Speaker 8: to stereotype her a pigeon whole her dream.
16:00
Speaker 6: Yeah, that's funny. When I was in school, I told
16:03
Speaker 6: my professors, Hey, I want to work in sports broadcasts,
16:05
Speaker 6: and they're like, great, you'll never make any money and
16:07
Speaker 6: you'll never get a job. It doesn't exist. And now
16:10
Speaker 6: the University of Georgia has a sports journalism certificate program.
16:13
Speaker 6: It'll probably become a degree, and it's just changed so much.
16:16
Speaker 6: But for me, that's how I learned to compete with
16:19
Speaker 6: on a court, Like you're always competing against yourself, Like
16:22
Speaker 6: it wasn't even always about the person that you're growing
16:24
Speaker 6: up against. It's like, how can I get better every
16:27
Speaker 6: single day? And I've really been a perfectionist, but I
16:30
Speaker 6: think that evolved definitely on the court because I always
16:33
Speaker 6: wanted to put my best performance forward.
16:35
Speaker 1: Carea.
16:35
Speaker 8: Taylor's full interview is available at Moneymakingconversations dot com.
16:40
Speaker 1: Keep winning it. HBCUs represent lack excellence.
16:44
Speaker 9: If you attend or are an alumnus of an HBCU,
16:47
Speaker 9: we want to hear about your story. My HBCU Story
16:51
Speaker 9: Digital Library will allow current HBCU students and alumni to
16:55
Speaker 9: share their stories. More information is available at HBCU College Day.
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Speaker 9: You can upload a photo. The photo can be recent
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Speaker 9: available at HBCU College day dot com.
17:11
Speaker 7: Now let's return to Money Making Conversations Masterclass with Rashaan McDonald.
17:16
Speaker 3: My guess is Attorney Cindy Nelson. Harf Law firm is
17:20
Speaker 3: Nelson Elder Care Law. And when you talk about the
17:23
Speaker 3: state planning, you talk about aging. You know, we tend
17:25
Speaker 3: to run from that Attorney Nelson. Sometimes we joke about it.
17:30
Speaker 3: I won't tell about my age. But it's also by planning.
17:33
Speaker 3: You know, you know you have to plan. You know,
17:36
Speaker 3: this is the ultimate exit plan, you know at when
17:38
Speaker 3: we die or we prepared to die.
17:41
Speaker 1: As you as you sit.
17:42
Speaker 3: Down with clients, can you just just go through the
17:46
Speaker 3: process or maybe give some advice to my listeners about
17:51
Speaker 3: the dudes and don'ts as you age?
17:56
Speaker 4: Well, so the process for us is that we sit
17:59
Speaker 4: down and we really want to get to know the
18:02
Speaker 4: person that's going to be our client. We want to
18:04
Speaker 4: understand their family dynamics, their financials, their health, what's going
18:09
Speaker 4: on in their life, what's important to them, because we
18:11
Speaker 4: all have different things that are important to us as
18:14
Speaker 4: we go through the aging process, and mine might be
18:18
Speaker 4: that I want to make sure that life is easy
18:21
Speaker 4: on my kids, or it might be that I want
18:24
Speaker 4: to have the most fun possible before I exit this world,
18:27
Speaker 4: or maybe I want to avoid probate court because we
18:30
Speaker 4: know most of us know that's a really horrible process
18:34
Speaker 4: to go through and it's expensive. So we try to
18:36
Speaker 4: find out what's important and then look for the right solution.
18:40
Speaker 4: But the solution is to have a plan. You need
18:44
Speaker 4: to plan for incapacity. The chances are all of us
18:48
Speaker 4: are going to have a period of incapacity, and that
18:51
Speaker 4: could happen at any age. We could have a car
18:54
Speaker 4: accident and be incapacitated for a period of time. If
18:58
Speaker 4: that happens, and you don't have the right legal tools
19:01
Speaker 4: in place, nobody can make financial or medical decisions for you.
19:07
Speaker 4: So these are things, even when you're alive, that you
19:10
Speaker 4: need to have and that living will that we talked about.
19:13
Speaker 4: But then when you pass, the last will is really important.
19:17
Speaker 4: What do you want to have happened to your stuff?
19:21
Speaker 4: And who's going to be responsible for making sure your
19:24
Speaker 4: wishes are followed? And if you have a trust, your
19:28
Speaker 4: will actually makes everything go through the trust, so you
19:32
Speaker 4: can avoid going through probate court again. Probate court takes
19:37
Speaker 4: several months in the state of Georgia, and it costs
19:40
Speaker 4: a lot of time. Plus you have to pay an
19:42
Speaker 4: attorney or you've got to do it yourself. You got
19:45
Speaker 4: court fees, So we want you to avoid all of
19:48
Speaker 4: that stress. It's really not you, I guess it's your family.
19:52
Speaker 4: We don't want to put them through that, and we
19:55
Speaker 4: want to make things as easy as possible on you
19:58
Speaker 4: while you're alive, but also your family after you leave. Wow,
20:02
Speaker 4: did that answer your question?
20:04
Speaker 3: It did because of the fact that when we go
20:07
Speaker 3: through life. You know, I can go through my life
20:10
Speaker 3: because I'm over sixty. You know, I remember when you're eighteen,
20:13
Speaker 3: eighteen years old, you don't see thirty. When you're thirty,
20:16
Speaker 3: you don't see fifty. You know, when you're forty, you
20:18
Speaker 3: don't see sixty. Five and when you get to sixty five,
20:21
Speaker 3: you know they tell you about a retirement check that
20:23
Speaker 3: when you see the retirement check, you go.
20:26
Speaker 1: Who's going to live off this check?
20:28
Speaker 3: And so and so the economics of all that average
20:31
Speaker 3: income and working years and family responsibility. What we're talking about.
20:35
Speaker 3: What do you do now? I have to ask this
20:37
Speaker 3: honest question. You know, we have struggling situations financial for people.
20:42
Speaker 3: How because you have to come to you as an attorney,
20:46
Speaker 3: one has to have some form of income to be
20:48
Speaker 3: able to give your services. Do you provide any services
20:52
Speaker 3: or recommendations to different senior citizen homes or any places
20:57
Speaker 3: that anybody can go to get care that you can
21:00
Speaker 3: recommend because in the end on my show, you know,
21:03
Speaker 3: your information is fantastic. I love to invite you back on,
21:07
Speaker 3: but we also have people who can't even afford this conversation.
21:11
Speaker 4: Absolutely yes, and so for one, there's a lot of
21:15
Speaker 4: different organizations, but Georgia does not take very good care
21:20
Speaker 4: of our senior citizens. So if you are in a
21:24
Speaker 4: very bad way and you need care and you want
21:26
Speaker 4: to stay at home, then there are the area agencies
21:29
Speaker 4: on aging that can help seniors to qualify for meals
21:34
Speaker 4: on wheels and also even some what they call waiver
21:38
Speaker 4: programs that will give you Medicaid help at home. The
21:42
Speaker 4: veterans have some benefits. They're hard to get, you know.
21:45
Speaker 4: Both of these are going through the government, so it's difficult,
21:49
Speaker 4: but they are achievable. And even if you don't have
21:53
Speaker 4: these legal tools, there is a legal aid for Georgia
21:57
Speaker 4: that you can contact to get some of the basic
22:00
Speaker 4: tools that you need so that someone can make decisions
22:03
Speaker 4: on your behalf.
22:05
Speaker 1: Wow.
22:05
Speaker 3: You know, as we get older, like you said earlier,
22:09
Speaker 3: he was talking about women and income or you know,
22:12
Speaker 3: men have make more money. Men are mostly married as
22:15
Speaker 3: they get older. Women are mostly single or as they
22:18
Speaker 3: get older, So that big thing is depth and divorce.
22:21
Speaker 3: There are people who are still in relationships, may not
22:25
Speaker 3: be a loving relationship, but want to maintain that income
22:29
Speaker 3: and moving forward, protect their assets. We talked about living
22:33
Speaker 3: with We talked about the states in the end, as
22:35
Speaker 3: we get closer to death. And I'm not trying to
22:37
Speaker 3: turn this into a dark interview, but this is an
22:38
Speaker 3: honest interview. And that's why I wanted to bring you
22:40
Speaker 3: on the show because a lot of people just drive
22:42
Speaker 3: around ignoring and praying to God, and it's what that's
22:46
Speaker 3: part of the process. But the reality is you're going
22:48
Speaker 3: to get older and eventually we all are going to
22:51
Speaker 3: pass away. How does one protect themselves overall with the
22:55
Speaker 3: assets if they're in the process of getting a divorce,
22:59
Speaker 3: or does one continue to commingle those assets so they
23:02
Speaker 3: can live happily ever after.
23:06
Speaker 4: Well, whether you're going to get divorced or live happily
23:08
Speaker 4: ever after, And certainly outside of my fear of knowledge,
23:15
Speaker 4: but I will say that there again, you can use
23:19
Speaker 4: a trust to protect some of your ass against a divorce.
23:23
Speaker 3: You know, I just went the abbey on you there
23:25
Speaker 3: right there, you know, because your reality is that people
23:31
Speaker 3: are interested. I have another caller if you have time.
23:33
Speaker 3: We're about to wrap up this interview, but I want
23:35
Speaker 3: to get this one caller in George. How you doing
23:37
Speaker 3: this is a Rushaan McDonald, you're talking to attorney Cindy Nelson.
23:41
Speaker 1: What is your question? And welcome to Money Making Conversation
23:43
Speaker 1: master Class.
23:45
Speaker 5: I was wanting to know that my father's being up
23:48
Speaker 5: an age. How can someone with a home legally receive
23:52
Speaker 5: free nursing care because I don't want to send them
23:55
Speaker 5: to a home or anything. But I would like to
23:56
Speaker 5: have somebody around the check on is there a way
23:59
Speaker 5: to do that?
24:00
Speaker 1: Did you a.
24:00
Speaker 4: Question, Attorney Knowson, I did, yes, And so that's exactly
24:05
Speaker 4: the kind of thing that we can help with. All
24:07
Speaker 4: of us are afraid that we're not going to qualify
24:11
Speaker 4: for government benefits like medicaid to come help at the home,
24:15
Speaker 4: et cetera, if we own a home, because we've all
24:19
Speaker 4: heard the information out on the street that if we
24:23
Speaker 4: own a home and we get care, they're going to
24:27
Speaker 4: come and take our house. And that's not necessarily true,
24:31
Speaker 4: because again, a trust can be this legal wrapper and
24:35
Speaker 4: protect your house so that it doesn't go to the government.
24:39
Speaker 4: Planning in advance is a beautiful thing, So don't wait
24:43
Speaker 4: until the last minute, because medicaid does have what they
24:46
Speaker 4: call a five year look back period, and that just
24:50
Speaker 4: means that they look back to see if you've given
24:53
Speaker 4: anything away in five years. So you want to do
24:56
Speaker 4: this before you get to the point really that you're
24:59
Speaker 4: dea that is in. But it's never too late to
25:03
Speaker 4: get some help that could help at least some, if
25:08
Speaker 4: not completely, protect his house. Right, did that answer for you.
25:13
Speaker 1: George, George? Oh, George, you know he was he was
25:16
Speaker 1: grappling with his voice. We had let him go before
25:18
Speaker 1: he just asked another question.
25:20
Speaker 3: But the question he did ask I was able to
25:21
Speaker 3: understand was great because as we wrap up the interview,
25:24
Speaker 3: tell us one more time how to reach out to
25:26
Speaker 3: you and how do you again someone that want somebody
25:30
Speaker 3: called in? How do you set up a trust? As
25:32
Speaker 3: we wrap up, do we get that question out clearly?
25:34
Speaker 3: If not, please say it and then give us some
25:36
Speaker 3: information on how we can reach out to you.
25:39
Speaker 4: Yeah, to get a trust set up right, you are
25:41
Speaker 4: going to need to use an attorney because otherwise it's
25:44
Speaker 4: not going to work right, and you don't want to
25:46
Speaker 4: put something together that isn't going to work. You can
25:48
Speaker 4: get in touch with us at six seven eight two
25:51
Speaker 4: five zero nine three five five or a nelsoneldercarelaw dot com.
25:56
Speaker 3: Well, thank you for taking the time. And again we
26:00
Speaker 3: haven't see any billboards on the freeway for you there,
26:03
Speaker 3: Attorney Nelson, that you just want the low key people,
26:05
Speaker 3: you know, because the bill boys everywhere.
26:07
Speaker 1: You know, bigger is better. We got a strong arm or.
26:11
Speaker 3: The lull, We got everything out there, and you're out
26:14
Speaker 3: there protecting people who need the protection. I really appreciate
26:17
Speaker 3: you coming on the show and at least having an
26:19
Speaker 3: honest conversation to my listeners about aging and the responsibility
26:22
Speaker 3: of protecting.
26:23
Speaker 1: Your protecting your assets. Please come back on the show.
26:27
Speaker 4: That's been my pleasure. Thank you so much for having
26:29
Speaker 4: me Rashan.
26:30
Speaker 1: Thank you.
26:30
Speaker 3: That's the attorney Cindy Nelson of the Nelson Elder Law Care.
26:37
Speaker 7: Let me tell you about the host of Money Making Conversations,
26:40
Speaker 7: Rushan McDonald. Rushan's a two time Emmy Award winner, three
26:44
Speaker 7: time naacp Immage Award winner, sitcom writer, stand up comic,
26:49
Speaker 7: and former IBM executive. Thank you for joining us for
26:53
Speaker 7: this edition of Money Making Conversations Master Class. Money Making
26:57
Speaker 7: Conversations Master Class with Rushan McDonald is produced by thirty
27:01
Speaker 7: eight fifteen Media Inc. More information about thirty eight fifteen
27:05
Speaker 7: Media Inc. Is available at thirty eight fifteen media dot com.
27:09
Speaker 7: And always remember to lead with your gifts.