Big Three from Episode #065: Diablo Valley Foundation for the aging is not just for orphaned seniors. They provide support to all seniors and their family members however they may need it. DVFA has various programs, but their primary three services include professional private fiduciary services, care management, and adult daycare. DVFA’s mission is to provide support enabling older adults…
Big Three from Episode #063: Villages like Lamorinda help older adults age in place and cultivate community and connection. Memberships provide various services from events and activities to referrals, home-based help, and more. Villages are non-profit and membership-based. Time-stamped Show Notes: 3:32 – What is the concept of the village, how did it get started? 5:10 – What geographic regions…
Big Three from Episode #062: It’s important to understand wage orders and necessary laws. Know how you are utilizing your employee. Keep track of all work by maintaining accurate and labor code-compliant time records. Time-stamped Show Notes: 5:55 – What is a wage order? 9:04 – How does the Domestic Worker Bill of Rights fit together with wage orders? 13:04…
Big Three from Episode #061: Teach your heirs ahead of time how to handle wealth successfully. Communication and conflict management is KEY to building a solid family foundation, especially for when the older generations are no longer around. Have the family find a shared purpose for using their wealth as a tool. Time-stamped Show Notes: 5:57 – How often do…
Big Three from Episode #060: Finding out what’s important to people – who they are and what they like is key to helping maintain quality of life. Work with someone local, knows the communities, assess clients, and have a physical presence. Who pays for long-term care and senior living communities? We do with our assets that we save, long-term care…
Big Three from Episode #059: Elder mediation can help families reach agreements about legal, financial, and care planning for their aging loved ones and their estate. Even if you think a conflicting party will not agree to mediation, it’s worth getting in touch with a mediator to find ways to engage the parties in communication. The ultimate goal is to…
Big Three from Episode #058: Parents can nominate someone for guardianship, but only the judge can appoint someone. As a parent, make sure your wishes are clearly expressed in your estate plan; otherwise, you will have absolutely no say in the matter. Choose potential guardians that you can trust to make sure things get done. Time-stamped Show Notes: 2:30 –…
Big Three from Episode #057: The current estate tax exemption is $11.7 million, but that doesn’t mean you shouldn’t file. Estate tax returns are not easy, but they are worth it. Margaret’s expert opinion: If you can take advantage, file it. An estate tax return is not an income tax return. It’s an inventory of your assets, your deductions. It’s…
Big Three from Episode #056: Don’t wait until it’s too late, start planning NOW! Treat your parents like your partner. Listen to what’s important to your parents. What do they want to happen? Time-stamped Show Notes: 5:43 – When is the right time for adult children to have conversations with their parents, and what is the best approach? 7:51 –…