Episode Summary:

In this episode, Rose Harper, a leading attorney at Rose Harper Law, delves into the intricacies of Medicaid and long term care planning. She clarifies the disparities between Medicaid and Medicare coverage for long term care, outlines the services Medicaid can offer, and sheds light on common misconceptions surrounding asset protection and Medicaid eligibility. Rose emphasizes the significance of proactive planning to safeguard assets while maintaining Medicaid eligibility.

Key Timestamps:

00:00 – Introduction

01:30 – Medicaid vs. Medicare for long term care coverage

03:45 – Long term care services covered by Medicaid

05:20 – Misunderstandings about Medicaid and nursing home care

07:10 – Determining Medicaid eligibility and financial limits

08:45 – Planning options to protect assets for Medicaid eligibility

10:15 – Understanding the Medicaid look back period

12:00 – Consequences of waiting for a health crisis to plan for Medicaid

13:30 – Common mistakes in handling Medicaid planning without legal guidance

15:10 – Initiating Medicaid planning effectively

About the Show:

Leaving a Legacy is a podcast series hosted by Rose Harper Law, where legal experts provide invaluable insights on estate planning, Medicaid, and personal injury law. Discover actionable advice to protect your family's future and assets effectively.

In this episode of Leaving a Legacy: Navigating Estate Planning with Rose Harper Law, attorney Rose Harper explains the unique challenges of passing down real estate and vacation homes through estate planning. She shares how ownership structures, probate, and family dynamics complicate inheritance, and highlights effective tools such as trusts and LLCs to simplify transfers. Rose also discusses common mistakes families make, how to avoid conflicts among heirs, and practical steps to ensure properties are preserved and smoothly transferred across generations.

00:54 – Why real estate creates unique challenges in estate planning 02:18 – Transferring a family home vs. cash or investments 03:12 – Challenges of multiple heirs inheriting one property 04:28 – Complications of owning property in multiple states 05:43 – Using trusts and LLCs to simplify transfers 07:15 – Common mistakes families make in property planning 08:05 – Options when heirs cannot agree on property decisions 09:02 – Considering taxes and upkeep in property planning 11:02 – Passing down property through multiple generations

About the Show:

Leaving a Legacy: Navigating Estate Planning with Rose Harper Law is a podcast dedicated to helping families understand and navigate the complexities of estate planning. Hosted by Kevin Rosenquist and featuring estate planning expert Rose Harper, the show provides practical advice and insights for protecting your family's future.

Episode Summary:

In this episode of Leaving a Legacy, Navigating Estate Planning with Rose Harper Law, Rose Harper, founding attorney of Rose Harper Law, discusses how individuals can leave a meaningful legacy through charitable giving. Rose explains the emotional and financial benefits of incorporating charitable gifts into an estate plan, the most common methods to structure these gifts, and the tax advantages that may apply. She also explores charitable trusts, foundations, and endowments, and shares best practices to avoid common mistakes while ensuring that both family and charitable goals are met.

Key Timestamps:

00:00 – Why Charitable Giving Matters in Estate Planning 02:00 – Common Methods for Including Charitable Gifts 04:00 – Understanding Charitable Trusts 06:00 – Tax Benefits of Charitable Contributions 08:00 – Structuring Gifts to Support Both Family and Charity 10:00 – Foundations, Endowments, and Long-Term Giving 12:00 – Avoiding Common Charitable Giving Mistakes 13:00 – Getting Started with Charitable Estate Planning

About the Show:

Leaving a Legacy: Navigating Estate Planning with Rose Harper Law is a podcast dedicated to helping families understand and navigate the complexities of estate planning. Hosted by Kevin Rosenquist and featuring estate planning expert Rose Harper, the show provides practical advice and insights for protecting your family's future.

Resources & Links:

Rose Harper Law: https://roseharperlaw.com