Cordell Planning Partners Senior Partner and Founder attorney-CPA Joseph E. Cordell was a guest on “Straight Forward Real Estate,” hosted by Certified Senior Advisor and real estate agent Ted Gottlieb on the Whole Care Network.
He discusses how your house, as an asset, plays a pivotal role in estate planning and long-term care for elder clients. Mr. Cordell breaks down how putting your house in a proper trust can protect your house from the asset recovery process.
Mr. Cordell also describes the probate process and the differences between wills and trusts, especially as it pertains to real estate. He discourages the preemptive transfer of real estate before death and highlights the methodology of leaving an asset to a specific person or persons.
You can listen to the full interview here.