118. Is It Important To Plan For Dementia Care Financially? With Will Hoffman

118. Is It Important To Plan For Dementia Care Financially? With Will Hoffman

Update: 2024-05-15
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Caring for a loved one with dementia can be overwhelming, and financial planning often gets overlooked. Have you considered how to manage finances while providing care?


 


Insights from Will Hoffman of https://www.hoffman-wealthmanagement.com/ emphasized the complexities involved in managing assets for loved ones and the transformative impact of estate planning, urging us to prioritize legal documentation such as powers of attorney to streamline decision-making processes.


 


 


3:31 Unpacking Wealth Management and Financial Planning

7:31 The Importance of Asset Protection and Planning Ahead

20:14 The Value of Financial Planning and Estate Protection

31:15 Setting Yourself Up for Financial Success Through Caregiving

33:01 Ensuring Validity of Documents in Different States

34:11 Importance of Documenting and Communicating Important Information

36:04 The Power of Communication in Caregiving

37:30 Evolution and Validity of Long-Term Care Insurance Policies

38:40 Understanding the Evolving Market of Long-Term Care Insurance

39:44 Importance of Collaboration Among Financial Professionals

43:31 Introduction to "The Monetary Mixtape" Podcast

47:08 Importance of Self-Care for Caregivers

51:09 The Priority of Family Relationships Over Finances


 


Get your free copy of "11 Financial Tips to Make Caregiving Easier" today!


 


Financial planning is a crucial part of the caregiving journey. Start early, stay organized, and communicate openly to ensure the best care for your loved one and peace of mind for yourself


 


Enjoy our podcast? Please take a moment to leave us a review on Apple Podcasts and Spotify —it really supports our show!

https://podcasts.apple.com/us/podcast/dementia-caregiving-for-families/id1716187550


 


Caring for your loved one with dementia doesn't have to be stressful! 

Join our next free workshop. 

https://www.dementiacaregivingmadeeasy.com/wsl


 


Join our Facebook Group at: https://www.facebook.com/groups/1301886810018410


Become a Founding Member of Our Exclusive Academy!

Only 54 Founding Family Slots Available for Extraordinary Caregivers.

https://www.dementiacaregivingmadeeasy.com/start


 


Are You A Christian Dementia Caregiver Struggling To Cope With Caregiving?

Get Free Guidance Now!

Join the Monthly FREE Ask The Christian Dementia Coach Sessions

Biblical Principles & Science Backed Solutions to Manage Dementia Caregiving with Confidence

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118. Is It Important To Plan For Dementia Care Financially? With Will Hoffman

118. Is It Important To Plan For Dementia Care Financially? With Will Hoffman

Lizette Cloete