Wealth Planning/Shielding – Taxation –

Terry – love listening to you on WGN! I have a couple of questions that relate to my fear of a possible long term care facility eating away from our investments. I do not have LTC insurance, nor does my wife. I somewhat cannot get it due to health issues. While I’m only 60, it is something that scares me. Is there specific planning or specialized attorney/financial planning professional for “elderly” topics to consider when retiring or planning for retiring….specifically to account for a possible LTC facility, taxation when tapping into non-ROTH funds, etc…..

Also today – I think you made a comment about not ever ‘giving away’ your money (i.e., to children) while you are alive……and I missed it if you said to instead have an ‘irrecoverable’ or ‘revocable trust’. I already have a trust set up but to be honest, I need to look to see what kind I have! I do not have a business so its just to cover personal assets.