1 00:00:05,160 --> 00:00:06,760 Speaker 1: Welcome to Money Making Conversations. 2 00:00:06,840 --> 00:00:08,600 Speaker 2: It's the show that she has the secrets of success 3 00:00:08,640 --> 00:00:12,160 Speaker 2: experience firsthand by Marketing and Brandon expert Rashan McDonald. I 4 00:00:12,240 --> 00:00:14,600 Speaker 2: will know he's giving me advice on many occasions. And 5 00:00:14,600 --> 00:00:16,840 Speaker 2: in case she didn't notice, I'm not broke. 6 00:00:17,360 --> 00:00:17,599 Speaker 1: You know. 7 00:00:17,680 --> 00:00:21,400 Speaker 2: He'll be interviewing celebrity CEOs, entrepreneurs and industry decision make 8 00:00:21,440 --> 00:00:23,320 Speaker 2: because it's what he likes to do, it's what he 9 00:00:23,480 --> 00:00:26,119 Speaker 2: likes to share. Now it's time to hear from my man, 10 00:00:26,600 --> 00:00:28,880 Speaker 2: Rashan McDonald money Making Conversations. 11 00:00:29,160 --> 00:00:32,239 Speaker 3: There we go right, This is Rashan McDonald. Thank you, 12 00:00:32,360 --> 00:00:35,000 Speaker 3: Thank you, thank you. I host this weekly Money Making 13 00:00:35,040 --> 00:00:38,800 Speaker 3: Conversations masterclass show. The interviews and information if this show 14 00:00:38,840 --> 00:00:41,760 Speaker 3: provides are for everyone. Like I always say, it's time 15 00:00:41,760 --> 00:00:44,280 Speaker 3: to stop reading other people's success stories and start living 16 00:00:44,600 --> 00:00:47,400 Speaker 3: your own. My first guest says, we get started here. 17 00:00:47,640 --> 00:00:50,800 Speaker 3: My first guest is attorney Cindy Nelson. She founded the 18 00:00:50,880 --> 00:00:53,920 Speaker 3: largest elder care law firm in the state of Georgia. 19 00:00:54,320 --> 00:00:57,880 Speaker 3: Her law firm is Nelson Elder Care Law. She's committed 20 00:00:57,920 --> 00:01:01,279 Speaker 3: to provide a compassionate legal guidance to help protect your assets, 21 00:01:01,560 --> 00:01:04,240 Speaker 3: your quality of life and your peace of mind at. 22 00:01:04,120 --> 00:01:05,440 Speaker 1: Every stage of life. 23 00:01:05,800 --> 00:01:09,000 Speaker 3: They helped over five thousand families prepare and plan for 24 00:01:09,040 --> 00:01:10,679 Speaker 3: whatever curve balls. 25 00:01:10,680 --> 00:01:13,640 Speaker 1: Life can bring you as you age. That's important. 26 00:01:13,800 --> 00:01:15,720 Speaker 3: That's why I brought it on this show because a 27 00:01:15,720 --> 00:01:18,440 Speaker 3: lot of people as they get aged don't prepare and 28 00:01:18,560 --> 00:01:20,360 Speaker 3: just get trapped and get stuck out there, don't know 29 00:01:20,360 --> 00:01:22,480 Speaker 3: where their money goes. But the person I'm bringing on 30 00:01:22,520 --> 00:01:25,360 Speaker 3: your show has been honored as one of the top 31 00:01:25,440 --> 00:01:29,199 Speaker 3: ten best attorneys by the American Institution of Legal Counsel. 32 00:01:29,360 --> 00:01:33,160 Speaker 3: Please welcome to Money Making Conversation Master Class, Attorney Cindy Nelson. 33 00:01:33,240 --> 00:01:34,200 Speaker 3: How you doing an attorney? 34 00:01:35,319 --> 00:01:37,319 Speaker 4: I'm doing great? How are you pretty good? 35 00:01:37,360 --> 00:01:39,000 Speaker 3: First of all, thank you for taking the time to 36 00:01:39,000 --> 00:01:41,760 Speaker 3: come on my show, Money Making Conversation master Class. And 37 00:01:41,840 --> 00:01:45,080 Speaker 3: I want to get just started right off. How how 38 00:01:45,200 --> 00:01:48,840 Speaker 3: is aging as a woman different than aging as a man? 39 00:01:50,400 --> 00:01:52,800 Speaker 4: Oh man, That is a really good question, because I 40 00:01:52,800 --> 00:01:55,040 Speaker 4: don't think that a lot of us really think about that. 41 00:01:55,760 --> 00:01:59,080 Speaker 4: But if you look at the average income or median 42 00:01:59,280 --> 00:02:03,320 Speaker 4: income for people that are over sixty five, men usually 43 00:02:03,360 --> 00:02:06,800 Speaker 4: have twenty seven thousand dollars a year, A twenty three 44 00:02:06,840 --> 00:02:10,440 Speaker 4: hundred dollars a month, but as women, we have fifteen 45 00:02:10,600 --> 00:02:14,520 Speaker 4: thousand dollars a year or twelve hundred dollars a month, 46 00:02:15,400 --> 00:02:19,000 Speaker 4: So that's almost fifty five percent less than men. So 47 00:02:19,040 --> 00:02:21,640 Speaker 4: if you look at that, and then we all know 48 00:02:21,880 --> 00:02:26,120 Speaker 4: orizon right, that men usually are married as we get older, 49 00:02:26,600 --> 00:02:30,240 Speaker 4: and a lot of us women are single. So if 50 00:02:30,280 --> 00:02:33,919 Speaker 4: you take the higher income and then make it to 51 00:02:34,160 --> 00:02:37,760 Speaker 4: income family, the cost of living and what you have 52 00:02:37,960 --> 00:02:40,440 Speaker 4: available is quite a bit different than if you're just 53 00:02:40,480 --> 00:02:41,359 Speaker 4: a single woman. 54 00:02:42,200 --> 00:02:44,799 Speaker 3: Well, you know, it's really it makes sense because of 55 00:02:44,840 --> 00:02:47,240 Speaker 3: the fact that we tend to just assume things. We 56 00:02:47,320 --> 00:02:50,359 Speaker 3: tend to stereotype values and income and all these things. 57 00:02:50,360 --> 00:02:51,760 Speaker 1: And that's one of the reasons I wanted to bring you. 58 00:02:51,760 --> 00:02:55,160 Speaker 3: On the show, because we are in denial as we 59 00:02:55,200 --> 00:02:57,440 Speaker 3: get older that we don't want to tell people how 60 00:02:57,480 --> 00:03:01,160 Speaker 3: oh we are, We don't admit that shifting into another 61 00:03:01,160 --> 00:03:04,519 Speaker 3: phase of life is that does that create a problem. 62 00:03:04,560 --> 00:03:06,359 Speaker 3: Because you're in the legal profession, you know, you got 63 00:03:06,360 --> 00:03:08,480 Speaker 3: to have people tell you the truth in order to 64 00:03:08,480 --> 00:03:10,880 Speaker 3: help them out. What are the sum of the stereotypes 65 00:03:10,919 --> 00:03:13,400 Speaker 3: you hear on a regular basis. Is people denying their 66 00:03:13,440 --> 00:03:16,120 Speaker 3: age a really big problem in your profession. 67 00:03:17,160 --> 00:03:21,080 Speaker 4: I think denying their age, but also denying that you know, 68 00:03:21,160 --> 00:03:23,200 Speaker 4: at some point in our life something is going to 69 00:03:23,280 --> 00:03:25,919 Speaker 4: happen to most of us. We're gonna get sick and 70 00:03:25,960 --> 00:03:29,840 Speaker 4: we're all gonna die. Right, we deny that. Our brain 71 00:03:30,040 --> 00:03:33,639 Speaker 4: is really a great mechanism to help us deny that. 72 00:03:34,440 --> 00:03:36,440 Speaker 4: So I think, yeah, a lot of us live in denial. 73 00:03:36,720 --> 00:03:39,640 Speaker 3: And I'd say that because you know, you know, when 74 00:03:39,640 --> 00:03:42,080 Speaker 3: I you know, I go through life, because life is 75 00:03:42,120 --> 00:03:44,040 Speaker 3: like I always tell people, you know, and I say this, 76 00:03:44,200 --> 00:03:46,440 Speaker 3: and I say this, not even joking. Institute, once you 77 00:03:46,520 --> 00:03:48,480 Speaker 3: hit fifty, you know you're on the downside. 78 00:03:48,640 --> 00:03:48,960 Speaker 1: Let's go. 79 00:03:49,080 --> 00:03:53,040 Speaker 3: You know, only in the Bible do they live or forever? Okay, 80 00:03:53,720 --> 00:03:57,200 Speaker 3: really in reality, but I do. I do notice that 81 00:03:57,240 --> 00:03:59,360 Speaker 3: you see more and more people living in their natives. 82 00:03:59,440 --> 00:04:01,800 Speaker 3: Do you see more more people making that one hundred 83 00:04:01,880 --> 00:04:04,880 Speaker 3: birthday nowadays? So the quality of life and the way 84 00:04:04,920 --> 00:04:08,120 Speaker 3: we're eating and the way we're sustaining ourselves is extending 85 00:04:08,160 --> 00:04:11,240 Speaker 3: our life a lot more as we get older. But 86 00:04:11,360 --> 00:04:14,560 Speaker 3: the truth about how you plan for that, And so 87 00:04:14,920 --> 00:04:17,560 Speaker 3: when I had an opportunity that you wanted to bring 88 00:04:17,560 --> 00:04:19,560 Speaker 3: you on the show, it's like, how do you plan 89 00:04:19,680 --> 00:04:22,800 Speaker 3: you know, because you're passionate about the state planning and 90 00:04:23,160 --> 00:04:27,120 Speaker 3: elder law, especially for women. Why is it especially for 91 00:04:27,160 --> 00:04:31,200 Speaker 3: women because you talked about the income issue and you know, 92 00:04:31,600 --> 00:04:34,240 Speaker 3: being on the average versus men. 93 00:04:34,720 --> 00:04:36,480 Speaker 1: But why are you so passionate? 94 00:04:38,240 --> 00:04:42,400 Speaker 4: Well, because as women, women live longer typically than men, 95 00:04:43,160 --> 00:04:46,839 Speaker 4: and so we're also the caregivers throughout our lives. We 96 00:04:47,120 --> 00:04:50,640 Speaker 4: are kind of in and out of the workforce and 97 00:04:50,839 --> 00:04:53,880 Speaker 4: that's our choice. But you know, we want to take 98 00:04:53,920 --> 00:04:56,400 Speaker 4: care of the children, or maybe we're taking care of 99 00:04:56,760 --> 00:05:01,440 Speaker 4: our parents or another family member. Gives us a different 100 00:05:02,200 --> 00:05:04,640 Speaker 4: I guess kind of parameters of the jobs that we 101 00:05:04,760 --> 00:05:08,440 Speaker 4: can take because we need that flexibility. So maybe we 102 00:05:08,480 --> 00:05:11,360 Speaker 4: can't take the highest profile jobs or the ones that 103 00:05:11,400 --> 00:05:15,919 Speaker 4: get the most benefits or money because we have this 104 00:05:16,080 --> 00:05:19,719 Speaker 4: other caring part of us that we really want to 105 00:05:20,640 --> 00:05:23,800 Speaker 4: be a part of our family's lives. Right, So there's 106 00:05:23,800 --> 00:05:28,520 Speaker 4: a sacrifice there. And then the fact that we live longer, 107 00:05:28,680 --> 00:05:32,320 Speaker 4: so we might be taking care of a spouse, which 108 00:05:32,480 --> 00:05:35,200 Speaker 4: you're right, people do live longer as a whole, but 109 00:05:35,279 --> 00:05:39,760 Speaker 4: we don't live longer healthy, right, right, We actually have 110 00:05:39,880 --> 00:05:43,400 Speaker 4: quite a bit of illness which becomes very expensive. 111 00:05:43,760 --> 00:05:46,280 Speaker 3: You know, because reason I bring this up when I'm 112 00:05:46,279 --> 00:05:49,240 Speaker 3: talking to you, Attorney Nelson, is that you know, we 113 00:05:49,279 --> 00:05:52,799 Speaker 3: see the billboards, we see the commercial you know, personal. 114 00:05:52,360 --> 00:05:54,080 Speaker 1: Injury law is everywhere. 115 00:05:54,600 --> 00:05:57,080 Speaker 3: You know, you can't you can't drive down a freeway 116 00:05:57,080 --> 00:05:59,960 Speaker 3: in this country and I see a personally injury boil bull. 117 00:06:00,880 --> 00:06:05,520 Speaker 3: They are actually sponsoring TV shows and radio shows. And 118 00:06:05,560 --> 00:06:08,160 Speaker 3: I'm not saying anything negative of that. You know, there's 119 00:06:08,200 --> 00:06:09,840 Speaker 3: a part of I guess there's a pot of goals 120 00:06:09,920 --> 00:06:14,000 Speaker 3: in over there in personal injury. Now you've chosen this 121 00:06:14,120 --> 00:06:15,640 Speaker 3: form of elder care law. 122 00:06:16,000 --> 00:06:21,240 Speaker 4: Why I didn't know until I kind of stumbled into 123 00:06:21,320 --> 00:06:26,159 Speaker 4: this that we work our whole lives, we save money 124 00:06:26,600 --> 00:06:29,279 Speaker 4: with the idea that at some point we're going to 125 00:06:29,360 --> 00:06:32,600 Speaker 4: retire and have you know, a lot of fun our 126 00:06:32,640 --> 00:06:37,880 Speaker 4: golden years right right. In reality, what happens is a 127 00:06:37,920 --> 00:06:42,320 Speaker 4: lot of people get to retirement and they become ill. 128 00:06:42,680 --> 00:06:45,080 Speaker 4: They don't have as much time to have this fun, 129 00:06:46,000 --> 00:06:49,960 Speaker 4: and then the high cost of medical expenses and all 130 00:06:50,000 --> 00:06:53,520 Speaker 4: of the things that Medicare doesn't cover have to come 131 00:06:53,560 --> 00:06:57,560 Speaker 4: out of pocket, and a lot of people lose their 132 00:06:57,600 --> 00:07:01,920 Speaker 4: whole life savings paying for that care. So now, if 133 00:07:01,920 --> 00:07:04,880 Speaker 4: you bring back that you're a woman and you're going 134 00:07:04,960 --> 00:07:09,279 Speaker 4: to live longer than your spouse. Most likely you're going 135 00:07:09,360 --> 00:07:11,040 Speaker 4: to spend a lot of money and what's going to 136 00:07:11,040 --> 00:07:14,920 Speaker 4: be left for you. So I don't want people to 137 00:07:15,040 --> 00:07:18,320 Speaker 4: lose their whole life savings. I don't think any of 138 00:07:18,400 --> 00:07:21,200 Speaker 4: us decided that we were going to put money back, 139 00:07:21,320 --> 00:07:24,280 Speaker 4: not go on the best vacation or buy the best 140 00:07:24,280 --> 00:07:27,640 Speaker 4: clothes of furniture because we wanted to pay it for 141 00:07:27,800 --> 00:07:31,400 Speaker 4: medical bills later in life. None of us thought that 142 00:07:32,400 --> 00:07:34,120 Speaker 4: we thought we were going to have a great time, 143 00:07:34,480 --> 00:07:37,800 Speaker 4: but in reality that isn't what happens. Wow, And there 144 00:07:37,840 --> 00:07:41,520 Speaker 4: are steps that we can all take to protect our 145 00:07:41,560 --> 00:07:45,920 Speaker 4: life savings, but most people don't know about it. They 146 00:07:46,040 --> 00:07:47,560 Speaker 4: don't have the information. 147 00:07:48,240 --> 00:07:50,000 Speaker 1: So you talked about those steps. 148 00:07:50,080 --> 00:07:52,080 Speaker 3: Were you aware of those steps? Can you give us 149 00:07:52,160 --> 00:07:54,080 Speaker 3: you know, I want people to come to your office, 150 00:07:54,120 --> 00:07:54,760 Speaker 3: I want people to. 151 00:07:54,680 --> 00:07:55,600 Speaker 1: Go to your website. 152 00:07:55,760 --> 00:07:58,320 Speaker 3: Are there steps of information you can provide to us 153 00:07:58,840 --> 00:08:00,000 Speaker 3: to let us know absolutely? 154 00:08:00,920 --> 00:08:04,920 Speaker 4: Yeah. One of them is a trust. And so if 155 00:08:04,960 --> 00:08:07,000 Speaker 4: you hear the word trust, you might be like I 156 00:08:07,160 --> 00:08:09,520 Speaker 4: was when I first heard the word trust. I thought 157 00:08:09,560 --> 00:08:13,120 Speaker 4: there were some trust fun children somewhere that got a 158 00:08:13,120 --> 00:08:16,640 Speaker 4: lot of money, and I didn't grow up in that environment, 159 00:08:16,760 --> 00:08:19,280 Speaker 4: so I didn't think I needed to know about it. 160 00:08:19,600 --> 00:08:23,800 Speaker 4: But in reality, wealthy people have been using trust for 161 00:08:23,920 --> 00:08:28,920 Speaker 4: many years to protect their assets and then your assets 162 00:08:28,960 --> 00:08:33,840 Speaker 4: one aren't taken for high hospital bills or if you 163 00:08:33,920 --> 00:08:36,160 Speaker 4: have to go to the nursing home. We're all afraid 164 00:08:36,200 --> 00:08:37,720 Speaker 4: if we go to the nursing home, we're going to 165 00:08:37,760 --> 00:08:40,520 Speaker 4: lose our house. Well, if you have the right kind 166 00:08:40,520 --> 00:08:42,440 Speaker 4: of trust, you're not going to lose your house. You 167 00:08:42,440 --> 00:08:45,480 Speaker 4: can protect it. So there's a lot of things that 168 00:08:45,520 --> 00:08:48,440 Speaker 4: you could do with a trust that will protect everything 169 00:08:48,480 --> 00:08:51,720 Speaker 4: you've been saving all of your life. Wow, well again 170 00:08:52,360 --> 00:08:53,520 Speaker 4: people don't know about it. 171 00:08:53,760 --> 00:08:56,040 Speaker 1: Could we have a phone call here? I know we're 172 00:08:56,040 --> 00:08:56,760 Speaker 1: about to go to the break. 173 00:08:56,760 --> 00:08:58,760 Speaker 3: I want to make sure because oh I didn't giving 174 00:08:58,760 --> 00:09:01,480 Speaker 3: out the number attorneyayils and people calling in. 175 00:09:01,520 --> 00:09:02,520 Speaker 1: Okay, so we. 176 00:09:02,520 --> 00:09:04,920 Speaker 3: Have Julie, how are you doing? You have a question 177 00:09:04,960 --> 00:09:07,880 Speaker 3: for Attorney Nelson and you're only show money Making Conversation 178 00:09:07,920 --> 00:09:10,160 Speaker 3: hosted about me ra Sean mcdun what's your question? 179 00:09:10,280 --> 00:09:10,920 Speaker 1: Thank you for calling. 180 00:09:11,200 --> 00:09:12,640 Speaker 5: Yes, yes, good evening. 181 00:09:12,720 --> 00:09:16,840 Speaker 6: Oh my question was what does a living will exactly 182 00:09:16,920 --> 00:09:20,360 Speaker 6: protect in how difficult is it to get one? And 183 00:09:20,440 --> 00:09:23,239 Speaker 6: what's that process like? So I always hear about. 184 00:09:22,960 --> 00:09:29,040 Speaker 4: It, the wonderful question a living will. It doesn't protect 185 00:09:29,160 --> 00:09:32,840 Speaker 4: anything except for your own decision making when you are 186 00:09:32,840 --> 00:09:36,640 Speaker 4: in the end of life. So with a living will, 187 00:09:36,800 --> 00:09:39,240 Speaker 4: you get to choose whether you want to be left 188 00:09:39,240 --> 00:09:43,480 Speaker 4: on life support or you want the plug to be pulled, 189 00:09:43,520 --> 00:09:47,280 Speaker 4: so to speak, or and terminate life support. If you 190 00:09:47,360 --> 00:09:52,040 Speaker 4: don't make that decision, then chances are that somebody else 191 00:09:52,160 --> 00:09:54,680 Speaker 4: is going to have to make that decision. But we 192 00:09:54,840 --> 00:09:58,200 Speaker 4: all know whether we want that or not. So it's 193 00:09:58,240 --> 00:10:00,920 Speaker 4: better if we make the decision that our loved ones 194 00:10:00,960 --> 00:10:03,560 Speaker 4: don't have to make it because they live with guilt 195 00:10:03,559 --> 00:10:05,280 Speaker 4: for a long time. If they have to make that 196 00:10:05,400 --> 00:10:09,120 Speaker 4: decision and we know what decision is going to be made, 197 00:10:09,679 --> 00:10:13,080 Speaker 4: they're very easy to get. Everybody over eighteen needs to 198 00:10:13,120 --> 00:10:13,720 Speaker 4: have one. 199 00:10:14,240 --> 00:10:17,120 Speaker 3: A living will. So a living will basically is what 200 00:10:17,200 --> 00:10:19,600 Speaker 3: it is, the title of living and the tie to 201 00:10:20,080 --> 00:10:22,800 Speaker 3: the decision you make if you've put in that situation 202 00:10:22,880 --> 00:10:25,360 Speaker 3: where is life or death? And what are some of 203 00:10:25,400 --> 00:10:28,440 Speaker 3: the stipulations that I never I've heard of this, but 204 00:10:28,440 --> 00:10:30,040 Speaker 3: it's the first time I've heard it on my radio. 205 00:10:30,120 --> 00:10:33,600 Speaker 3: Show or there's certain stipulations of flatlining I don't know, 206 00:10:34,080 --> 00:10:37,000 Speaker 3: or certain readings out on the monitor. The doctor has 207 00:10:37,040 --> 00:10:39,080 Speaker 3: to say that this is where it's ent to this 208 00:10:39,200 --> 00:10:42,600 Speaker 3: point that it applies it to the living will information. 209 00:10:43,000 --> 00:10:43,800 Speaker 1: How does that work? 210 00:10:44,760 --> 00:10:48,000 Speaker 4: And they could be written differently. Many attorneys all write 211 00:10:48,000 --> 00:10:50,840 Speaker 4: them different So the way that we like to write 212 00:10:50,920 --> 00:10:53,760 Speaker 4: them is that if you have a terminal illness with 213 00:10:53,840 --> 00:10:57,439 Speaker 4: no chance, no way of recovering, right, and there is 214 00:10:57,640 --> 00:11:02,040 Speaker 4: something that is keeping you up alive, do you want 215 00:11:02,120 --> 00:11:04,720 Speaker 4: that to keep you alive with no quality of life? 216 00:11:05,040 --> 00:11:07,800 Speaker 4: Or do you want your life to be terminated? But 217 00:11:07,880 --> 00:11:11,680 Speaker 4: in either situation, we don't want you to be in pain. 218 00:11:12,720 --> 00:11:17,199 Speaker 4: No pain. Then you could go with whichever way you decide. 219 00:11:18,400 --> 00:11:20,960 Speaker 4: So who makes the determination that you're terminal? 220 00:11:21,440 --> 00:11:21,560 Speaker 6: Right? 221 00:11:22,000 --> 00:11:26,640 Speaker 4: Doctors? Do doctors make that determination? They'll say, you know, 222 00:11:27,160 --> 00:11:30,920 Speaker 4: this is a terminal situation. There's probably no chance of recovery. 223 00:11:31,640 --> 00:11:34,439 Speaker 4: Or we want to do these additional tests but there 224 00:11:34,480 --> 00:11:37,480 Speaker 4: really isn't much of a chance of recovery. Do you 225 00:11:37,520 --> 00:11:39,840 Speaker 4: want to proceed with those tests? What do you want 226 00:11:39,880 --> 00:11:42,960 Speaker 4: to do? You can continue with treatment if you want, 227 00:11:43,320 --> 00:11:46,040 Speaker 4: but the quality of your life is going to deteriorate 228 00:11:46,240 --> 00:11:52,319 Speaker 4: and there's minimal chance of recovery. So if you're still competent, 229 00:11:52,800 --> 00:11:57,840 Speaker 4: you can make that decision. Otherwise, you've got this legal 230 00:11:57,960 --> 00:12:02,000 Speaker 4: document that you have our tailated. How you want that 231 00:12:02,120 --> 00:12:02,720 Speaker 4: to play out? 232 00:12:03,160 --> 00:12:06,320 Speaker 1: Cool? H Jolie, that did we ask you a question? 233 00:12:09,679 --> 00:12:09,839 Speaker 5: Yes? 234 00:12:11,000 --> 00:12:12,800 Speaker 6: I just assumed that it had something to do with 235 00:12:12,840 --> 00:12:14,880 Speaker 6: my assets as well, So that's great. Thanks you for 236 00:12:14,920 --> 00:12:15,800 Speaker 6: clarifying that. 237 00:12:16,120 --> 00:12:19,200 Speaker 3: Okay cool, Thank you for calling the Money Making Conversation masterclass. Uh, 238 00:12:19,840 --> 00:12:22,719 Speaker 3: thank you for asking that question so detailed. I want 239 00:12:22,760 --> 00:12:24,559 Speaker 3: to get back to the trust a little bit because 240 00:12:24,920 --> 00:12:28,439 Speaker 3: you were saying, use the word protection. Now when someone 241 00:12:28,480 --> 00:12:31,760 Speaker 3: has a trust, are you saying that if they had 242 00:12:31,840 --> 00:12:35,760 Speaker 3: tax issues? Uh, their their their their, their quality of 243 00:12:35,800 --> 00:12:38,520 Speaker 3: life can be protected. That's that's in that trust. Can 244 00:12:38,559 --> 00:12:40,360 Speaker 3: you just expound on that a little bit more on 245 00:12:40,400 --> 00:12:40,880 Speaker 3: the trust? 246 00:12:41,960 --> 00:12:44,640 Speaker 4: Well, let me differentiate the tax issues, because you don't 247 00:12:44,679 --> 00:12:50,040 Speaker 4: want to mess with the I R S. If you 248 00:12:50,120 --> 00:12:52,760 Speaker 4: got tax issues, the I R S wins every time. 249 00:12:52,840 --> 00:12:55,760 Speaker 4: You need to take care of those. Okay, cool, But yeah, 250 00:12:55,800 --> 00:12:59,520 Speaker 4: a trust is like a legal wrapper around something that 251 00:12:59,559 --> 00:13:03,640 Speaker 4: you like a house that has some value. And with 252 00:13:03,760 --> 00:13:08,200 Speaker 4: that legal wrapper, whatever it is that you're trying to 253 00:13:08,240 --> 00:13:13,280 Speaker 4: protect it from. Maybe I get diagnosed with leukemia. I 254 00:13:13,400 --> 00:13:16,120 Speaker 4: go to the hospital and I run up a million 255 00:13:16,160 --> 00:13:19,920 Speaker 4: dollars worth of hospital bills, not unheard of, happens frequently, 256 00:13:20,440 --> 00:13:23,320 Speaker 4: But I don't have a million dollars. So if I 257 00:13:23,559 --> 00:13:27,920 Speaker 4: end up having to pay this million dollars in hospital bills, 258 00:13:28,520 --> 00:13:31,199 Speaker 4: then I'm probably going to lose my house and any 259 00:13:31,280 --> 00:13:33,480 Speaker 4: other investments that I have because I'm gonna have to 260 00:13:33,480 --> 00:13:37,000 Speaker 4: pay it to the hospital. But I have those investments 261 00:13:37,000 --> 00:13:42,599 Speaker 4: in an asset protection trust. Then they can't touch it. 262 00:13:42,600 --> 00:13:46,120 Speaker 4: It's bulletproof. They can't come after it. 263 00:13:47,960 --> 00:13:51,640 Speaker 3: So yeah, it makes sense. You know, I've heard of 264 00:13:51,640 --> 00:13:54,320 Speaker 3: the word trust. But I'm just trying to make sure, 265 00:13:54,400 --> 00:13:56,679 Speaker 3: like you said, rushan drop the tax issue if you 266 00:13:56,760 --> 00:13:58,760 Speaker 3: got some tax problems, so I won't mislead any of 267 00:13:58,760 --> 00:14:03,400 Speaker 3: my misstics the government. They are the bulletproof drops when 268 00:14:03,440 --> 00:14:05,840 Speaker 3: it comes to taxes in the government, that's what you're saying. 269 00:14:05,679 --> 00:14:06,640 Speaker 1: Very clearly correct. 270 00:14:07,120 --> 00:14:11,120 Speaker 3: Yes, But when it comes to lawsuits, people trying to 271 00:14:11,240 --> 00:14:16,680 Speaker 3: trying to regain your assets and basic lawsuits, they then 272 00:14:16,720 --> 00:14:18,320 Speaker 3: your assets can't be protected. 273 00:14:19,480 --> 00:14:21,280 Speaker 4: That's right. If you have the right kind of trust, 274 00:14:21,960 --> 00:14:24,680 Speaker 4: your assets cannot be taken from. 275 00:14:24,480 --> 00:14:25,280 Speaker 1: You, Okay. Cool? 276 00:14:25,360 --> 00:14:27,480 Speaker 4: For a lawsuit, Let's say I get into a car 277 00:14:27,520 --> 00:14:31,840 Speaker 4: accident and my insurance doesn't cover enough and somebody sues me. 278 00:14:32,480 --> 00:14:35,480 Speaker 4: I'm guessing this happens every day because we see all 279 00:14:35,520 --> 00:14:38,400 Speaker 4: these personal injury attorney billboards. 280 00:14:38,440 --> 00:14:40,320 Speaker 2: Right right right. 281 00:14:40,520 --> 00:14:43,880 Speaker 4: So if I have those, let's say my house and 282 00:14:43,960 --> 00:14:47,960 Speaker 4: some investments and an asset protection trust, nobody can come 283 00:14:48,040 --> 00:14:48,720 Speaker 4: after those. 284 00:14:49,000 --> 00:14:49,240 Speaker 5: Wow. 285 00:14:49,600 --> 00:14:51,120 Speaker 4: Cool, you can get them. 286 00:14:51,160 --> 00:14:53,320 Speaker 3: As we go to break, Attorne Nailson, can you tell 287 00:14:53,320 --> 00:14:54,360 Speaker 3: people how they can reach you? 288 00:14:55,720 --> 00:14:58,920 Speaker 4: Yes, so you can reach us at six seven eight 289 00:14:59,040 --> 00:15:01,440 Speaker 4: two five zero nine three five five. 290 00:15:02,640 --> 00:15:02,920 Speaker 1: Cool. 291 00:15:02,960 --> 00:15:05,360 Speaker 3: We're right back with more Attorney Nelson as we dive 292 00:15:05,480 --> 00:15:10,480 Speaker 3: into family responsibility, less retirement, death, divorced legal documents, protect 293 00:15:10,560 --> 00:15:13,520 Speaker 3: life savings, all those things. If you want to listen, 294 00:15:14,120 --> 00:15:16,440 Speaker 3: hang in there, because this is the advice that as 295 00:15:16,480 --> 00:15:18,640 Speaker 3: you were older, this is going to happen. Like she said, 296 00:15:18,960 --> 00:15:21,000 Speaker 3: a living will you should have soon as you turned 297 00:15:21,040 --> 00:15:23,240 Speaker 3: the age of eighteen. We were right back with more 298 00:15:23,280 --> 00:15:27,240 Speaker 3: money making conversation with my guests, Attorney Cindy Nelson. 299 00:15:35,920 --> 00:15:39,520 Speaker 7: We'll be right back with more money making conversations. Masterclass 300 00:15:39,520 --> 00:15:44,280 Speaker 7: with Rashaan McDonald. You are now tuned into the Money 301 00:15:44,280 --> 00:15:48,120 Speaker 7: Making Conversations Minute of Inspiration with Rashawn McDonald. 302 00:15:48,320 --> 00:15:51,000 Speaker 8: Maria Taylor is the host of NBA Countdown is the 303 00:15:51,040 --> 00:15:54,120 Speaker 8: first African American woman to co host College Game Day 304 00:15:54,160 --> 00:15:57,440 Speaker 8: on ESPN by setting goals, and she won't allow people 305 00:15:57,480 --> 00:16:00,000 Speaker 8: to stereotype her a pigeon whole her dream. 306 00:16:00,520 --> 00:16:03,760 Speaker 6: Yeah, that's funny. When I was in school, I told 307 00:16:03,800 --> 00:16:05,920 Speaker 6: my professors, Hey, I want to work in sports broadcasts, 308 00:16:05,960 --> 00:16:07,640 Speaker 6: and they're like, great, you'll never make any money and 309 00:16:07,680 --> 00:16:10,040 Speaker 6: you'll never get a job. It doesn't exist. And now 310 00:16:10,120 --> 00:16:13,320 Speaker 6: the University of Georgia has a sports journalism certificate program. 311 00:16:13,360 --> 00:16:16,080 Speaker 6: It'll probably become a degree, and it's just changed so much. 312 00:16:16,160 --> 00:16:18,800 Speaker 6: But for me, that's how I learned to compete with 313 00:16:19,040 --> 00:16:22,240 Speaker 6: on a court, Like you're always competing against yourself, Like 314 00:16:22,280 --> 00:16:24,600 Speaker 6: it wasn't even always about the person that you're growing 315 00:16:24,680 --> 00:16:27,560 Speaker 6: up against. It's like, how can I get better every 316 00:16:27,560 --> 00:16:30,880 Speaker 6: single day? And I've really been a perfectionist, but I 317 00:16:30,920 --> 00:16:33,480 Speaker 6: think that evolved definitely on the court because I always 318 00:16:33,480 --> 00:16:35,360 Speaker 6: wanted to put my best performance forward. 319 00:16:35,440 --> 00:16:35,720 Speaker 1: Carea. 320 00:16:35,800 --> 00:16:40,240 Speaker 8: Taylor's full interview is available at Moneymakingconversations dot com. 321 00:16:40,440 --> 00:16:43,880 Speaker 1: Keep winning it. HBCUs represent lack excellence. 322 00:16:44,000 --> 00:16:47,200 Speaker 9: If you attend or are an alumnus of an HBCU, 323 00:16:47,400 --> 00:16:51,040 Speaker 9: we want to hear about your story. My HBCU Story 324 00:16:51,120 --> 00:16:55,240 Speaker 9: Digital Library will allow current HBCU students and alumni to 325 00:16:55,320 --> 00:16:59,880 Speaker 9: share their stories. More information is available at HBCU College Day. 326 00:17:00,680 --> 00:17:03,240 Speaker 9: You can upload a photo. The photo can be recent 327 00:17:03,520 --> 00:17:07,199 Speaker 9: or from when you attended your HBCU. More information is 328 00:17:07,240 --> 00:17:11,399 Speaker 9: available at HBCU College day dot com. 329 00:17:11,480 --> 00:17:16,480 Speaker 7: Now let's return to Money Making Conversations Masterclass with Rashaan McDonald. 330 00:17:16,840 --> 00:17:20,239 Speaker 3: My guess is Attorney Cindy Nelson. Harf Law firm is 331 00:17:20,280 --> 00:17:22,960 Speaker 3: Nelson Elder Care Law. And when you talk about the 332 00:17:23,000 --> 00:17:25,960 Speaker 3: state planning, you talk about aging. You know, we tend 333 00:17:25,960 --> 00:17:30,359 Speaker 3: to run from that Attorney Nelson. Sometimes we joke about it. 334 00:17:30,400 --> 00:17:33,840 Speaker 3: I won't tell about my age. But it's also by planning. 335 00:17:33,920 --> 00:17:36,199 Speaker 3: You know, you know you have to plan. You know, 336 00:17:36,280 --> 00:17:38,920 Speaker 3: this is the ultimate exit plan, you know at when 337 00:17:38,920 --> 00:17:41,240 Speaker 3: we die or we prepared to die. 338 00:17:41,680 --> 00:17:42,920 Speaker 1: As you as you sit. 339 00:17:42,760 --> 00:17:46,080 Speaker 3: Down with clients, can you just just go through the 340 00:17:46,160 --> 00:17:51,560 Speaker 3: process or maybe give some advice to my listeners about 341 00:17:51,960 --> 00:17:54,040 Speaker 3: the dudes and don'ts as you age? 342 00:17:56,520 --> 00:17:59,320 Speaker 4: Well, so the process for us is that we sit 343 00:17:59,400 --> 00:18:02,000 Speaker 4: down and we really want to get to know the 344 00:18:02,040 --> 00:18:04,040 Speaker 4: person that's going to be our client. We want to 345 00:18:04,119 --> 00:18:09,600 Speaker 4: understand their family dynamics, their financials, their health, what's going 346 00:18:09,600 --> 00:18:11,800 Speaker 4: on in their life, what's important to them, because we 347 00:18:11,880 --> 00:18:14,320 Speaker 4: all have different things that are important to us as 348 00:18:14,320 --> 00:18:17,879 Speaker 4: we go through the aging process, and mine might be 349 00:18:18,160 --> 00:18:21,080 Speaker 4: that I want to make sure that life is easy 350 00:18:21,160 --> 00:18:24,240 Speaker 4: on my kids, or it might be that I want 351 00:18:24,240 --> 00:18:27,240 Speaker 4: to have the most fun possible before I exit this world, 352 00:18:27,800 --> 00:18:30,439 Speaker 4: or maybe I want to avoid probate court because we 353 00:18:30,560 --> 00:18:34,080 Speaker 4: know most of us know that's a really horrible process 354 00:18:34,080 --> 00:18:36,760 Speaker 4: to go through and it's expensive. So we try to 355 00:18:36,760 --> 00:18:40,080 Speaker 4: find out what's important and then look for the right solution. 356 00:18:40,760 --> 00:18:44,160 Speaker 4: But the solution is to have a plan. You need 357 00:18:44,200 --> 00:18:48,320 Speaker 4: to plan for incapacity. The chances are all of us 358 00:18:48,400 --> 00:18:51,080 Speaker 4: are going to have a period of incapacity, and that 359 00:18:51,119 --> 00:18:54,160 Speaker 4: could happen at any age. We could have a car 360 00:18:54,200 --> 00:18:58,720 Speaker 4: accident and be incapacitated for a period of time. If 361 00:18:58,720 --> 00:19:01,320 Speaker 4: that happens, and you don't have the right legal tools 362 00:19:01,320 --> 00:19:06,480 Speaker 4: in place, nobody can make financial or medical decisions for you. 363 00:19:07,280 --> 00:19:10,119 Speaker 4: So these are things, even when you're alive, that you 364 00:19:10,240 --> 00:19:12,840 Speaker 4: need to have and that living will that we talked about. 365 00:19:13,560 --> 00:19:17,440 Speaker 4: But then when you pass, the last will is really important. 366 00:19:17,720 --> 00:19:20,720 Speaker 4: What do you want to have happened to your stuff? 367 00:19:21,520 --> 00:19:24,640 Speaker 4: And who's going to be responsible for making sure your 368 00:19:24,640 --> 00:19:28,760 Speaker 4: wishes are followed? And if you have a trust, your 369 00:19:28,800 --> 00:19:32,840 Speaker 4: will actually makes everything go through the trust, so you 370 00:19:32,880 --> 00:19:37,320 Speaker 4: can avoid going through probate court again. Probate court takes 371 00:19:37,359 --> 00:19:40,480 Speaker 4: several months in the state of Georgia, and it costs 372 00:19:40,480 --> 00:19:42,800 Speaker 4: a lot of time. Plus you have to pay an 373 00:19:42,800 --> 00:19:45,199 Speaker 4: attorney or you've got to do it yourself. You got 374 00:19:45,280 --> 00:19:48,520 Speaker 4: court fees, So we want you to avoid all of 375 00:19:48,600 --> 00:19:52,120 Speaker 4: that stress. It's really not you, I guess it's your family. 376 00:19:52,560 --> 00:19:55,359 Speaker 4: We don't want to put them through that, and we 377 00:19:55,400 --> 00:19:58,159 Speaker 4: want to make things as easy as possible on you 378 00:19:58,240 --> 00:20:02,600 Speaker 4: while you're alive, but also your family after you leave. Wow, 379 00:20:02,840 --> 00:20:04,040 Speaker 4: did that answer your question? 380 00:20:04,280 --> 00:20:07,119 Speaker 3: It did because of the fact that when we go 381 00:20:07,200 --> 00:20:10,520 Speaker 3: through life. You know, I can go through my life 382 00:20:10,520 --> 00:20:13,320 Speaker 3: because I'm over sixty. You know, I remember when you're eighteen, 383 00:20:13,600 --> 00:20:16,160 Speaker 3: eighteen years old, you don't see thirty. When you're thirty, 384 00:20:16,200 --> 00:20:18,080 Speaker 3: you don't see fifty. You know, when you're forty, you 385 00:20:18,119 --> 00:20:20,960 Speaker 3: don't see sixty. Five and when you get to sixty five, 386 00:20:21,400 --> 00:20:23,760 Speaker 3: you know they tell you about a retirement check that 387 00:20:23,840 --> 00:20:25,640 Speaker 3: when you see the retirement check, you go. 388 00:20:26,080 --> 00:20:27,960 Speaker 1: Who's going to live off this check? 389 00:20:28,560 --> 00:20:31,960 Speaker 3: And so and so the economics of all that average 390 00:20:31,960 --> 00:20:35,359 Speaker 3: income and working years and family responsibility. What we're talking about. 391 00:20:35,600 --> 00:20:37,560 Speaker 3: What do you do now? I have to ask this 392 00:20:37,600 --> 00:20:41,879 Speaker 3: honest question. You know, we have struggling situations financial for people. 393 00:20:42,480 --> 00:20:46,160 Speaker 3: How because you have to come to you as an attorney, 394 00:20:46,240 --> 00:20:48,480 Speaker 3: one has to have some form of income to be 395 00:20:48,560 --> 00:20:52,480 Speaker 3: able to give your services. Do you provide any services 396 00:20:52,840 --> 00:20:57,000 Speaker 3: or recommendations to different senior citizen homes or any places 397 00:20:57,000 --> 00:21:00,400 Speaker 3: that anybody can go to get care that you can 398 00:21:00,480 --> 00:21:03,639 Speaker 3: recommend because in the end on my show, you know, 399 00:21:03,760 --> 00:21:06,560 Speaker 3: your information is fantastic. I love to invite you back on, 400 00:21:07,000 --> 00:21:09,879 Speaker 3: but we also have people who can't even afford this conversation. 401 00:21:11,080 --> 00:21:15,280 Speaker 4: Absolutely yes, and so for one, there's a lot of 402 00:21:15,320 --> 00:21:20,000 Speaker 4: different organizations, but Georgia does not take very good care 403 00:21:20,520 --> 00:21:24,199 Speaker 4: of our senior citizens. So if you are in a 404 00:21:24,359 --> 00:21:26,440 Speaker 4: very bad way and you need care and you want 405 00:21:26,480 --> 00:21:29,880 Speaker 4: to stay at home, then there are the area agencies 406 00:21:29,920 --> 00:21:34,000 Speaker 4: on aging that can help seniors to qualify for meals 407 00:21:34,040 --> 00:21:38,080 Speaker 4: on wheels and also even some what they call waiver 408 00:21:38,280 --> 00:21:42,199 Speaker 4: programs that will give you Medicaid help at home. The 409 00:21:42,359 --> 00:21:45,879 Speaker 4: veterans have some benefits. They're hard to get, you know. 410 00:21:45,960 --> 00:21:48,800 Speaker 4: Both of these are going through the government, so it's difficult, 411 00:21:49,240 --> 00:21:52,959 Speaker 4: but they are achievable. And even if you don't have 412 00:21:53,040 --> 00:21:57,000 Speaker 4: these legal tools, there is a legal aid for Georgia 413 00:21:57,400 --> 00:21:59,879 Speaker 4: that you can contact to get some of the basic 414 00:22:00,080 --> 00:22:03,320 Speaker 4: tools that you need so that someone can make decisions 415 00:22:03,320 --> 00:22:04,120 Speaker 4: on your behalf. 416 00:22:05,119 --> 00:22:05,479 Speaker 1: Wow. 417 00:22:05,920 --> 00:22:09,080 Speaker 3: You know, as we get older, like you said earlier, 418 00:22:09,119 --> 00:22:12,360 Speaker 3: he was talking about women and income or you know, 419 00:22:12,800 --> 00:22:15,920 Speaker 3: men have make more money. Men are mostly married as 420 00:22:15,920 --> 00:22:18,119 Speaker 3: they get older. Women are mostly single or as they 421 00:22:18,119 --> 00:22:21,160 Speaker 3: get older, So that big thing is depth and divorce. 422 00:22:21,680 --> 00:22:25,080 Speaker 3: There are people who are still in relationships, may not 423 00:22:25,119 --> 00:22:29,080 Speaker 3: be a loving relationship, but want to maintain that income 424 00:22:29,640 --> 00:22:33,040 Speaker 3: and moving forward, protect their assets. We talked about living 425 00:22:33,040 --> 00:22:35,360 Speaker 3: with We talked about the states in the end, as 426 00:22:35,359 --> 00:22:37,320 Speaker 3: we get closer to death. And I'm not trying to 427 00:22:37,320 --> 00:22:38,879 Speaker 3: turn this into a dark interview, but this is an 428 00:22:38,880 --> 00:22:40,879 Speaker 3: honest interview. And that's why I wanted to bring you 429 00:22:40,920 --> 00:22:42,560 Speaker 3: on the show because a lot of people just drive 430 00:22:42,640 --> 00:22:46,280 Speaker 3: around ignoring and praying to God, and it's what that's 431 00:22:46,320 --> 00:22:48,760 Speaker 3: part of the process. But the reality is you're going 432 00:22:48,800 --> 00:22:51,400 Speaker 3: to get older and eventually we all are going to 433 00:22:51,440 --> 00:22:55,600 Speaker 3: pass away. How does one protect themselves overall with the 434 00:22:55,680 --> 00:22:58,280 Speaker 3: assets if they're in the process of getting a divorce, 435 00:22:59,000 --> 00:23:02,879 Speaker 3: or does one continue to commingle those assets so they 436 00:23:02,880 --> 00:23:04,080 Speaker 3: can live happily ever after. 437 00:23:06,240 --> 00:23:08,480 Speaker 4: Well, whether you're going to get divorced or live happily 438 00:23:08,600 --> 00:23:12,280 Speaker 4: ever after, And certainly outside of my fear of knowledge, 439 00:23:15,960 --> 00:23:19,720 Speaker 4: but I will say that there again, you can use 440 00:23:19,720 --> 00:23:23,520 Speaker 4: a trust to protect some of your ass against a divorce. 441 00:23:23,640 --> 00:23:25,440 Speaker 3: You know, I just went the abbey on you there 442 00:23:25,520 --> 00:23:31,720 Speaker 3: right there, you know, because your reality is that people 443 00:23:31,760 --> 00:23:33,680 Speaker 3: are interested. I have another caller if you have time. 444 00:23:33,680 --> 00:23:35,360 Speaker 3: We're about to wrap up this interview, but I want 445 00:23:35,400 --> 00:23:37,640 Speaker 3: to get this one caller in George. How you doing 446 00:23:37,680 --> 00:23:41,199 Speaker 3: this is a Rushaan McDonald, you're talking to attorney Cindy Nelson. 447 00:23:41,200 --> 00:23:43,240 Speaker 1: What is your question? And welcome to Money Making Conversation 448 00:23:43,320 --> 00:23:44,119 Speaker 1: master Class. 449 00:23:45,359 --> 00:23:48,439 Speaker 5: I was wanting to know that my father's being up 450 00:23:48,480 --> 00:23:52,800 Speaker 5: an age. How can someone with a home legally receive 451 00:23:52,920 --> 00:23:55,399 Speaker 5: free nursing care because I don't want to send them 452 00:23:55,400 --> 00:23:56,959 Speaker 5: to a home or anything. But I would like to 453 00:23:56,960 --> 00:23:59,600 Speaker 5: have somebody around the check on is there a way 454 00:23:59,600 --> 00:23:59,959 Speaker 5: to do that? 455 00:24:00,240 --> 00:24:00,720 Speaker 1: Did you a. 456 00:24:00,760 --> 00:24:05,400 Speaker 4: Question, Attorney Knowson, I did, yes, And so that's exactly 457 00:24:05,560 --> 00:24:07,920 Speaker 4: the kind of thing that we can help with. All 458 00:24:07,960 --> 00:24:11,240 Speaker 4: of us are afraid that we're not going to qualify 459 00:24:11,320 --> 00:24:14,960 Speaker 4: for government benefits like medicaid to come help at the home, 460 00:24:15,040 --> 00:24:19,280 Speaker 4: et cetera, if we own a home, because we've all 461 00:24:19,400 --> 00:24:23,879 Speaker 4: heard the information out on the street that if we 462 00:24:23,960 --> 00:24:27,159 Speaker 4: own a home and we get care, they're going to 463 00:24:27,160 --> 00:24:31,040 Speaker 4: come and take our house. And that's not necessarily true, 464 00:24:31,640 --> 00:24:35,639 Speaker 4: because again, a trust can be this legal wrapper and 465 00:24:35,800 --> 00:24:39,320 Speaker 4: protect your house so that it doesn't go to the government. 466 00:24:39,920 --> 00:24:43,240 Speaker 4: Planning in advance is a beautiful thing, So don't wait 467 00:24:43,359 --> 00:24:46,680 Speaker 4: until the last minute, because medicaid does have what they 468 00:24:46,720 --> 00:24:50,240 Speaker 4: call a five year look back period, and that just 469 00:24:50,359 --> 00:24:53,640 Speaker 4: means that they look back to see if you've given 470 00:24:53,720 --> 00:24:56,760 Speaker 4: anything away in five years. So you want to do 471 00:24:56,840 --> 00:24:59,760 Speaker 4: this before you get to the point really that you're 472 00:24:59,800 --> 00:25:03,280 Speaker 4: dea that is in. But it's never too late to 473 00:25:03,400 --> 00:25:08,359 Speaker 4: get some help that could help at least some, if 474 00:25:08,440 --> 00:25:13,360 Speaker 4: not completely, protect his house. Right, did that answer for you. 475 00:25:13,359 --> 00:25:16,399 Speaker 1: George, George? Oh, George, you know he was he was 476 00:25:16,440 --> 00:25:18,480 Speaker 1: grappling with his voice. We had let him go before 477 00:25:18,480 --> 00:25:20,119 Speaker 1: he just asked another question. 478 00:25:20,160 --> 00:25:21,840 Speaker 3: But the question he did ask I was able to 479 00:25:21,920 --> 00:25:24,480 Speaker 3: understand was great because as we wrap up the interview, 480 00:25:24,760 --> 00:25:26,359 Speaker 3: tell us one more time how to reach out to 481 00:25:26,400 --> 00:25:30,520 Speaker 3: you and how do you again someone that want somebody 482 00:25:30,520 --> 00:25:32,560 Speaker 3: called in? How do you set up a trust? As 483 00:25:32,600 --> 00:25:34,560 Speaker 3: we wrap up, do we get that question out clearly? 484 00:25:34,880 --> 00:25:36,840 Speaker 3: If not, please say it and then give us some 485 00:25:36,840 --> 00:25:38,280 Speaker 3: information on how we can reach out to you. 486 00:25:39,400 --> 00:25:41,400 Speaker 4: Yeah, to get a trust set up right, you are 487 00:25:41,440 --> 00:25:44,120 Speaker 4: going to need to use an attorney because otherwise it's 488 00:25:44,160 --> 00:25:46,320 Speaker 4: not going to work right, and you don't want to 489 00:25:46,320 --> 00:25:48,680 Speaker 4: put something together that isn't going to work. You can 490 00:25:48,720 --> 00:25:51,120 Speaker 4: get in touch with us at six seven eight two 491 00:25:51,160 --> 00:25:56,360 Speaker 4: five zero nine three five five or a nelsoneldercarelaw dot com. 492 00:25:56,640 --> 00:26:00,040 Speaker 3: Well, thank you for taking the time. And again we 493 00:26:00,080 --> 00:26:03,000 Speaker 3: haven't see any billboards on the freeway for you there, 494 00:26:03,280 --> 00:26:05,600 Speaker 3: Attorney Nelson, that you just want the low key people, 495 00:26:05,640 --> 00:26:07,720 Speaker 3: you know, because the bill boys everywhere. 496 00:26:07,760 --> 00:26:11,120 Speaker 1: You know, bigger is better. We got a strong arm or. 497 00:26:11,040 --> 00:26:14,320 Speaker 3: The lull, We got everything out there, and you're out 498 00:26:14,320 --> 00:26:17,000 Speaker 3: there protecting people who need the protection. I really appreciate 499 00:26:17,040 --> 00:26:19,080 Speaker 3: you coming on the show and at least having an 500 00:26:19,080 --> 00:26:22,840 Speaker 3: honest conversation to my listeners about aging and the responsibility 501 00:26:22,880 --> 00:26:23,800 Speaker 3: of protecting. 502 00:26:23,400 --> 00:26:26,240 Speaker 1: Your protecting your assets. Please come back on the show. 503 00:26:27,160 --> 00:26:29,240 Speaker 4: That's been my pleasure. Thank you so much for having 504 00:26:29,280 --> 00:26:29,720 Speaker 4: me Rashan. 505 00:26:30,040 --> 00:26:30,399 Speaker 1: Thank you. 506 00:26:30,560 --> 00:26:34,560 Speaker 3: That's the attorney Cindy Nelson of the Nelson Elder Law Care. 507 00:26:37,000 --> 00:26:40,119 Speaker 7: Let me tell you about the host of Money Making Conversations, 508 00:26:40,280 --> 00:26:44,120 Speaker 7: Rushan McDonald. Rushan's a two time Emmy Award winner, three 509 00:26:44,200 --> 00:26:48,879 Speaker 7: time naacp Immage Award winner, sitcom writer, stand up comic, 510 00:26:49,080 --> 00:26:52,919 Speaker 7: and former IBM executive. Thank you for joining us for 511 00:26:53,000 --> 00:26:57,160 Speaker 7: this edition of Money Making Conversations Master Class. Money Making 512 00:26:57,240 --> 00:27:01,480 Speaker 7: Conversations Master Class with Rushan McDonald is produced by thirty 513 00:27:01,520 --> 00:27:05,480 Speaker 7: eight fifteen Media Inc. More information about thirty eight fifteen 514 00:27:05,560 --> 00:27:09,840 Speaker 7: Media Inc. Is available at thirty eight fifteen media dot com. 515 00:27:09,880 --> 00:27:12,560 Speaker 7: And always remember to lead with your gifts.