I’m Greg McIntyre and this is the elder law report. Our topic today is things we forgot. What’s ironic about today’s show is we forgot all our show notes so what we’ll do first is go to Hayden for an interesting story.
HS: My granddaughter is going to her first prom and I was up until midnight last night sewing on little pink, silver and turquoise beads.
She was very smart, she did a lot of study and found one of the gowns from a friend of hers who is older, and she found another one online, a gorgeous dress for a great price, and it made me wonder what the average prom dress costs? Well, I could not find the exact figure, but I found the average cost of the prom is from $175 to $2100, the average being $1139 which includes a limo and dinner out. It was simpler at my prom. My two best friends and I went to the prom in a bread truck, so we could stand up and not wrinkle our dresses. The after parties were at people’s houses with parents supervising and I know it sounds nerdy but at one of the parties we played board games, and we had a ball. I do Christmas at my house, and I build it up and up and suddenly in an hour and thirty minutes the meal is gone, the presents are open and everyone has left, and I think the prom happens the same way, build up, build up, build up and boom it’s gone. They have such great expectations.
GM: It does go quickly, you have to live in the moment. So, moving on, the things we forgot, I have forgotten a ton of things in my life, usually when I’m giving a big speech or another big event like that when I’ve forgotten something I really needed. The whole point of the forgetting is, I have met with families or couples who want to protect their house or farmland that has been in the family for two hundred years but the dad is now incompetent, or he had an accident and can’t sign and they haven’t done a general durable power of attorney to allow the kids to protect it.
I know of one instance where a husband wanted to sign a protective deed while his wife was deemed incompetent, and I’m stuck, I can’t do anything, I can’t help.
HS: We’re talking about a whole new area of forgot when we’re talking of things like this. These are life changing, life affecting, not just the little things.
GM: That house, that money, those things that could be protected and passed to the grandkids, I forgot to do it, and I know you hate this but I’m going to say it anyway, it’s basically saying, I forgot to send my grandkids to college. It can change the whole trajectory of a family if you protect those assets and use them wisely. My plea is, call me and I will figure out how you can hold on to your assets so you can pass them on.
HS: We get so many calls from people who say, I’ve been meaning to call you and do this but they leave it a bit longer and sometimes it can get too late.
GM: You don’t want to get into guardianship situations where you have no choice.
HS: You are at the mercy of the court in a guardianship situation.
GM: That’s right, anytime you want to spend some money for a family member you have to ask the court if you can do it. There are much easier ways to operate those things and it is less of a headache for the court system. How many tax payer dollars are jammed up in the court system all the time? Then there is your time and your families time. These things can be avoided by simply putting certain documents in place.
If you have questions about that, call us, let us take care of the things you have so you don’t forget, then you can forget about it. It’s a good feeling when you’ve taken care of things, then you have peace of mind.
HS: In the office right now we are having our awards because we actually have clients who come in and just want to shake our hands.
GM: Yes, we have awards day scheduled for our office. We have the ‘best unsolicited hand shake’ award, and the ‘the above and beyond’ award which is where you go out of your way to go to a client’s house to get a signature or whatever so we can please our clients and create raving fans.
HS: Things like that are not unusual.
GM: I listened to a speech by a guy named Andy Frisella who is huge on customer satisfaction and performance and going above and beyond. That’s where I got the idea for the awards in our firm. He made large revenues with his company before he spent one dollar on marketing. The way you do it is to go above and beyond to please your clients. That’s what we do. That is something no company should forget.
Let me ask you this, what is the one thing you can do to protect your assets?
HS: A ladybird deed.
GM: Okay, that’s a good one, a ladybird deed would ensure your house was protected no matter if Medicaid had to come in and provide for your care. You’ve got to make time to plan ahead.
HS: An example of that happened to me this morning, when I was walking along and I tripped and slide. I was cartwheeling, I thought I was going to hit the ground but I recovered. I could have had a head injury and brain damage right there and not be able to make any decisions. Just a fall like that could have put me in a nursing home. Something as simple as that could happen to anyone, not just seniors.
GM: For the Shelby/Charlotte region call us at 704-343-6933 and for the Hendersonville/Asheville area call us at 828-398-0181.
Contact me if you have any questions. Elder Law is what we do!
Elder Law Attorney
McIntyre Elder Law
123 W. Marion Street
Shelby, NC 28150