Second Half of Life Podcast

Unpacked with Kristin & Quentin

Thu, 15 May 2025 17:00:00 -0400

Introducing Unpacked – a webinar series diving deep into the world of elder care! From navigating complex decisions to understanding the essentials, we've got you covered with expert insights and real-world advice. Our second episode is also hosted by our very own long-term care planner and Certified Dementia Practitioner, Kristin Daugherty and this time, she speaks with Quentin Burchfield, director of the Centre County Office of Aging.

Links:
SGY Website https://www.paeldercounsel.com/
SGY Email info@paeldercounsel.com
SGY Phone Number (570) 322-2077

Kish Financial Solutions Website https://www.mykish.com/
Kish Email kishfinancialsolutions@financialguide.com
Kish Phone Number (866) 959-4500

This video can also be seen on our Facebook page.

Unpacked with Kristin & Wade

Fri, 18 Apr 2025 15:00:00 -0400

Introducing Unpacked – a webinar series diving deep into the world of elder care! From navigating complex decisions to understanding the essentials, we've got you covered with expert insights and real-world advice. Our first episode is hosted by our very own long-term care planner and Certified Dementia Practitioner, Kristin Daugherty and she speaks with Wade Curry, Sr. VP & director of wealth management for Kish Bank.

Links:
SGY Website https://www.paeldercounsel.com/
SGY Email info@paeldercounsel.com
SGY Phone Number (570) 322-2077

Kish Financial Solutions Website https://www.mykish.com/
Kish Email kishfinancialsolutions@financialguide.com
Kish Phone Number (866) 959-4500

This video can also be seen on our Facebook page.

Estate Planning Across State Lines (via the Federal Employee Financial Planning Podcast)

Thu, 20 Feb 2025 13:00:00 -0500

What happens to your estate planning documents when you move between states? In this episode, originally produced by Mason & Associates, LLC, for their Federal Employee Financial Planning Podcast, Attorney Megan Ingram and Julie Steinbacher share advice on the legal implications of relocating and how it affects your estate plan. You'll learn about the importance of keeping your documents updated, especially after major life changes or moves, and how laws like the Uniform Trust Act help estate documents travel across state lines.

View the entire transcript of the episode.
https://www.masonllc.net/blog.htm?ID=16460

Watch a video of this podcast.
https://www.youtube.com/watch?v=-dfHrjB38Vg

Federal Employee Financial Planning Podcast
https://podcasts.apple.com/us/podcast/federal-employee-financial-planning-podcast/id1605491625

Corporate Transparency Act: What Business Owners Need to Know Today to Ensure Compliance Tomorrow

Thu, 15 Aug 2024 10:00:00 -0400

The Corporate Transparency Act (CTA) took effect on January 1, 2024. This new reporting requirement requires millions of small businesses to file a Beneficial Ownership Information (BOI) Report with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).

The main purpose behind the CTA is to halt money laundering and tax evasion. Entities that fall under the CTA’s mandatory reporting criteria include: LLCs, Limited partnerships, Corporations and S-Corporations.

In this episode, Attorney Julie Steinbacher and Attorney Jessica Eckrote go over the CTA and its requirements and how our law firm can and will be helping its small business clients with CTA reporting requirements. They also encourage people to get out in front of the reporting requirements, which are required by Jan. 1, 2025 for businesses established prior to 2024.

I Love You...BUT Will: Is Your Sweetheart Secure?

Thu, 27 Jun 2024 14:00:00 -0400

In this episode, a recording of a seminar originally presented live in February 2024, Attorney Pat Santucci and long-term care planner Tammy Zilske help you discover the importance of pre-planning an estate before a catastrophic healthcare crisis happens. This will help you safeguard your loved ones from potential consequences and hardship in the future.

Pat and Tammy discuss basic estate planning documents such as wills and powers of attorney, inheritance taxes, trusts and how they can be used to not only protect assets but also distribute them according to a pre-determined plan, and also briefly summarize long-term care options and how to pay for them.

To view a video of this presentation, including PowerPoint slides, visit our YouTube channel.

An Hour (or more) on Trusts With The Co-Author of the Pennsylvania Trust Guide

Fri, 10 May 2024 10:00:00 -0400

Have a question about trusts? Curious about whether a trust would be a good fit in your estate plan? Then join the co-author of the Pennsylvania Trust Guide to learn more about how to protect more of your wealth and provide a legacy for future generations. That's right, our founder, Attorney Julie Steinbacher, literally wrote the book on trusts in Pennsylvania, and in this hour-plus episode, discusses all aspects of trusts and how they are generally used. If you've ever thought about setting up a trust, then this episode is for you.

Among the questions she answers are:
- How does a trust offer asset protection from the costs of nursing home care?
- Why does it matter if a trust is revocable or irrevocable?
- Can my spouse or family still access any & all funds placed inside a trust?
- Do you have to be "rich" or have multiple investment accounts to benefit from using a trust?
- What situations are common for setting up a trust - pros & cons?

A video of this episode can also be viewed on our YouTube channel.

For more information, questions, to schedule an initial consultation, email us at info@paeldercounsel.com

Dementia Training Excerpt: Staff & Family Support and Neglect Prevention

Mon, 15 Apr 2024 16:00:00 -0400

This episode is a brief excerpt from an eight-hour, day-long training program given by Certified Alzheimer's Disease and Dementia Care Trainers (CADDCT®) for the National Council of Certified Dementia Practitioners (NCCDP). This training is required for people to become Certified Dementia Practitioners (CDP®).

In this clip, Attorney Julie Steinbacher, who is a CADDCT and a CDP, discusses the challenges that are present for those professionals and family members that are caregivers to people with dementia, and possible solutions, as well as things to look out for with respect to elder abuse and neglect.

While the CDP® designation is primarily intended for professionals that work with people with dementia in the senior services industry, anyone that is interested is welcome to participate in the training program. Our law firm usually conducts 2-3 such trainings per year. If you are interested in participating in a future CDP training given by our firm, email us at info@paeldercounsel.com.

Special Needs Planning & Taxation

Fri, 05 Apr 2024 16:00:00 -0400

This episode is the third and final part of a presentation that was recorded in December 2023 and made to tax and financial professionals. In it, Attorney Landon Hodges goes over special needs planning with a focus on the taxation aspect of it and ways to minimize taxes. In addition to the usual special needs planning that our firm does for clients with special needs and their family members, there is also a tax component that we haven't covered in depth in past recordings. This presentation, while intended for professionals, can still be helpful for those families that have a member with special needs and who will be engaging in special needs planning in the future, or have already done so.

A video of this episode with a full PowerPoint presentation can be viewed on our YouTube channel.

Unlocking Retirement Wealth: The Key to Navigating SECURE Act Updates

Fri, 08 Mar 2024 09:00:00 -0500

In this episode, which was recorded in December 2023 and was originally a presentation made to tax and financial professionals. In it, Attorney Jenna Franks goes through some of the changes to retirement planning that have come about since the SECURE Act and SECURE 2.0 were passed and became law over the past five years. She goes through some hypothetical examples of beneficiaries receiving inheritances in the form of IRAs to determine what is the best way to receive them - all at once or over the 10 years now allowed by the SECURE Act - and talks about other things that tax and financial planning professionals, as well as anyone planning for retirement, need to keep in mind for both themselves and their future beneficiaries.

While some of the information presented is quite specific and is intended for financial and tax professionals, some of the material would also be applicable for those beginning or already engaged in their own estate planning, especially those that would like to minimize estate tax for their beneficiaries in the future.

A video of this episode with a full PowerPoint presentation can be viewed on our YouTube channel.

Tax Planning in 2024: An Elder Law Perspective

Fri, 23 Feb 2024 12:00:00 -0500

In this episode, which was recorded in December 2023 and was made to tax and financial professionals, Attorney Julie Steinbacher discusses and analyzes various asset protection strategies as they relate to estate tax minimization, specifically grantor vs. non-grantor trusts. While some of the information presented is quite specific and is intended for financial and tax professionals, much of the material would also be applicable for those that need to begin their estate planning, especially those to whom estate tax minimization will be one of their top priorities in estate planning.

A video of this episode with a full PowerPoint presentation can be viewed on our YouTube channel.

Five Ways to Pay for Nursing Home Care Without Breaking the Piggy Bank

Mon, 11 Dec 2023 13:00:00 -0500

In this recording of a virtual seminar originally presented on September 28, 2023, Attorney Landon Hodges and Long-Term Care Planner Tammy Zilske discuss legal strategies that are available to help you cover the rising costs of long-term care while providing for your immediate needs and preserving your quality of life. Among the topics they go over are: current trends in long-term care & options you might not have known existed; myths & truths about the five-year Medicaid look back period; gifting your house to a child (or anyone) for $1 - why you better think twice; why a trust isn't just for "rich" people; and how to lessen your tax burden & other legal documents that are a must!

To watch a video of this presentation, visit and subscribe to our YouTube channel.

Planning for Families With a Child With Special Needs

Thu, 05 Oct 2023 15:00:00 -0400

It’s important to identify and understand what assets are going to pass directly to a child with special needs and if those assets will adversely affect his or her ability to qualify for certain government benefits. The sooner we can get a handle on things, the better off our child with special needs will be in the future.

In this recording of a virtual seminar originally presented in June 2023, Attorney Megan Ingram and Brian S. Young, CFP®, ChSNC®, give a rundown of some of the things that families with a child with special needs should consider, and also answer the following questions and more:

- Who will act as guardian or custodian of my child after my life?
- How can Life Insurance provide a benefit to an estate plan?
- Why you should review any existing plan periodically to make sure it’s still in good order & current with the law
- Funding a Special Needs Trust – what assets should you consider?
- Key differences between a 1st Party Special Needs Trust, 3rd Party Supplemental Needs Trust & a Pooled Trust
- What is an ABLE account & Summary of Our Wishes?
- Recent law updates, tax implications & so much more!

The presenters can be reached at the following:
Brian.Young@fpgroupllc.net
mingram@paeldercounsel.com

To schedule an initial consultation with our law firm, email info@paeldercounsel.com or call 1-800-351-8334 and be sure to reference this podcast episode.

Tax Planning in 2023: An Elder Law Perspective

Fri, 30 Jun 2023 10:00:00 -0400

This presentation was originally for tax and accounting professionals, but is now being made available for all. In it, Attorney Julie Steinbacher discusses some of the things that clients will need to consider - with the proper legal guidance of course - from an inheritance tax perspective when doing their estate planning this year. Changes to applicable laws that are upcoming are also discussed.

Trust Takeover: Anything & Everything You'd Want to Know About Trusts

Fri, 02 Jun 2023 13:00:00 -0400

This episode is the full, uncut version of three previous episodes on trusts that were divided up and released in three separate parts.

Protect more of your wealth and provide a legacy for future generations. Learn how you can establish a financial readiness plan today that accounts for the healthcare challenges of tomorrow. If you've ever thought about setting up a trust, or wondering how one works (there are many different types), then this video is for you. In it, Attorneys Julie Steinbacher and Megan Ingram answer the following questions and much more:

- How does a trust offer asset protection from the costs of nursing home care?
- Why does it matter if a trust is revocable or irrevocable?
- Can my spouse or family still access any and all funds placed inside a trust?
- Do you have to be "rich" or have multiple investment accounts to benefit from a trust?
- What situations are common for using a trust - pros and cons?

To view a video of this presentation, visit our YouTube channel.

SECURE 2.0: What You Really Need to Know

Thu, 11 May 2023 16:00:00 -0400

This episode is a recording of a webinar originally presented to current clients of our firm and professionals, which we're now making available to everyone. In it, Attorneys Julie Steinbacher and Landon Hodges go over in detail some of the changes brought about by the passage of SECURE 2.0, which was signed into law on Dec. 29, 2022. SECURE 2.0 is a continuation of the original SECURE Act, which became law in December 2019. Both pieces of legislation are primarily designed to increase and facilitate access to retirement savings and lower employers' costs of offering and funding retirement plans, but they also have several provisions that could affect individuals' estate planning. Even though most of the SECURE 2.0 provisions aren't effective until 2024 or later, the time to plan is NOW!

If you would like to schedule an initial consultation with our firm to begin your estate planning, visit ChatwithSGY.com to book a free introductory information gathering session.

Trust Administration 101

Thu, 20 Apr 2023 10:00:00 -0400

So you've set up a trust, either specifically to protect assets from long-term care costs, to avoid probate, or for some other reason specific to your individual circumstances. Now what? How is it administered, both during your life and after you pass away? In this episode, a partial recording of a virtual seminar originally held live in January 2023, Attorney Julie Steinbacher goes over some considerations of why you might want to set up a trust based on how it works after it is set up, goes over some hypothetical scenarios on how it would work if you set up a trust and then need long-term care, discusses when might be an appropriate time to set up a trust, and then summarizes what to expect should you come into our firm for an initial consultation. She also answers a few more questions from the attendees of this seminar.

To schedule your initial consultation, visit ChatwithSGY.com, email info@paeldercounsel.com, or call 1-800-351-8334. The initial information gathering session is generally done by phone, and the initial consultation can be done either in-person, by phone or video conference.

Like us on Facebook
Subscribe to our YouTube channel

Request a free copy of the book referenced at the end of the seminar, "Don't Write a Blank Check to the Nursing Home."

Trust Q&A

Thu, 06 Apr 2023 11:00:00 -0400

In this episode, a partial recording of a virtual seminar originally held live in January 2023, Attorneys Megan Ingram and Julie Steinbacher conduct a Q&A session with attendees of the seminar, answering a variety of questions posed by the group related to trusts. If you had some questions after listening to our previous episode on trusts (link to that episode is below), perhaps they were some of the same questions that are answered in this episode.

If you have any further questions or would like to schedule an initial consultation with our office to get started with your individualized estate plan, give us a call at 1-800-351-8334 or email info@paeldercounsel.com.

Previous podcast episode

A Comprehensive Tutorial on Trusts

Thu, 16 Mar 2023 12:00:00 -0400

In this episode, a partial recording of a virtual seminar originally held in January 2023, Attorney Megan Ingram gives a comprehensive presentation on trusts, including the different types, why and how our offices generally uses them, and much more. If you've heard about trusts and the benefits of using them in estate planning and are interested in learning more about them and potentially if they may be a fit for your future estate planning, this is the perfect episode for you.

What Happens if I Need Long-Term Care? (Classic)

Thu, 23 Feb 2023 16:00:00 -0500

In this classic episode, Long-Term Care Planner Tammy Zilske summarizes the best way to plan for potentially needing long-term care in the future, and goes over some things to keep in mind should you or a loved one ever suddenly have a need for such care. Of course, the best way to plan is to pre-plan before the emergency, but our firm is still able to assist with those crisis situations and usually make things a bit better off for our clients than if they hadn't consulted us.

Please note that because this episode was originally recorded in 2020, some of the numerical figures mentioned may be out of date.

The Secret Strategy: Planning Tips for Your Second Half of Life (Classic)

Thu, 12 Jan 2023 14:00:00 -0500

The episode is a rebroadcast of an episode originally produced in 2020. In it, Long-Term Care Planner Tammy Zilske discuss some strategies that are available to anyone and everyone that will help minimize the financial and emotional impact of a healthcare crisis for you or a loved one. She discusses the five-year Medicaid lookback period and how to use that to your advantage to qualify for Medical Assistance to help pay for long-term care if you need it in the future, or even right now. She also talks about legal strategies that will protect your home and assets from the cost of long-term care, why starting early BEFORE a healthcare crisis is critical and will lead to better outcomes, and different planning options that put YOU in control.

Please note that because this episode was originally recorded in 2020, some of the numerical figures mentioned may be out of date.

Roth IRA Conversions in a Down Market & Inflation With Emphasis for Parents of Children With Special Needs

Thu, 22 Dec 2022 17:00:00 -0500

In this episode, a recording of a virtual seminar originally held live on Nov. 9, 2022, Attorney Julie Steinbacher and James Lange, CPA, Attorney and Registered Investment Advisor, go into great detail on the topic of Roth IRA conversions, with a special focus and emphasis for parents with children with special needs. With the SECURE Act nearing its three-year anniversary and it having eliminated the old "stretch" IRA, there remains a loophole in the current law for beneficiaries of IRAs that have special needs, so those individuals that may be passing on a Roth IRA to a beneficiary that has special needs will want to take this into consideration when doing their estate planning.

To get the free resources from James that are referenced at the end of the presentation, visit:

https://disabledchildplanning.com/paelderlaw/

To view a video of this presentation, visit and subscribe to our YouTube channel.

I Have a Trust and Now I Need Long-Term Care, Now What? (Classic)

Thu, 01 Dec 2022 13:00:00 -0500

This episode is a partial rebroadcast of an episode that was originally produced in 2020, in which Long-Term Care Planner Tammy Zilske goes over what to expect if you already have a trust and then need long-term care in the future. She also touches on what can still be done if you've done no advanced planning for long-term care and then need it.

Please note that because this episode was originally recorded in 2020, some of the numerical figures mentioned with regards to the cost of long-term care may be out of date, and in fact, are now even more expensive.

Characteristics of Dementia (Classic)

Thu, 10 Nov 2022 16:00:00 -0500

In this classic episode, a portion of an episode that was originally recorded in 2020, Long-Term Care Planner Tammy Zilske discusses some of the characteristics of dementia, and things you may see from someone that may have the early signs of dementia, even if they don't have a diagnosis. She also touches on some caregiver tips.

Dementia Caregiver 101 (Classic)

Thu, 20 Oct 2022 17:00:00 -0400

In this classic podcast episode, a partial rebroadcast of an episode originally recorded in June 2020, Long-Term Care Planner Tammy Zilske discuss what is dementia and its warning signs and stages, community resources to contact for help as well as some caregiving tips. While Tammy doesn't go into great detail in this episode, this is a good starting point for those that may have just recently received a dementia diagnosis or for family members or caregivers that are just beginning this difficult process with and for a loved one.

After listening to this podcast, if you're interested in learning even more about this subject, you can sign up for a free electronic version of You're Not Alone, Living with Dementia, written by our firm's founding shareholder, Julie Steinbacher.

POAs 101 (Classic)

Wed, 28 Sep 2022 11:00:00 -0400

This episode is a partial rebroadcast of an episode that was originally produced in 2020., in which Long-Term Care Planner Tammy Zilske gives an overview of the different types of Powers of Attorney, some tips for what people need to consider when drawing up their own POAs, and a few things that our firm generally recommends for all of our clients' POAs.

The Medicaid Rules and Other Ways to Pay for Long-Term Care (Classic)

Thu, 01 Sep 2022 14:00:00 -0400

This episode is a partial rebroadcast of an episode that was originally produced in 2020. In it, Long-Term Care Planner Tammy Zilske discusses a little bit about how the process goes when you apply for Medicaid to pay for your long-term care. She also talks about some of the other ways that people pay for long-term care, including long-term care insurance, out of pocket, veterans benefits, and Medicare (although that doesn't pay for much in this area).

Please note that because this episode was originally recorded in 2020, some of the numerical figures mentioned with regards to the cost of long-term care may be out of date, and in fact, are now even more expensive.

A Summary of Asset Protection Strategies

Thu, 11 Aug 2022 10:00:00 -0400

In this episode, a excerpt from a virtual seminar held earlier this year, Long-Term Care Planner Kristin Daugherty gives a brief summary of how our firm generally protects assets for our clients, the key points and things that you need to remember and consider for when you're engaging in long-term care planning and would like to preserve your assets so they can't be used for long-term care costs, and how to move forward when you're ready to do so.

Good Documents

Thu, 21 Jul 2022 10:00:00 -0400

In this episode, Attorney Jenna Franks explains the importance of having good legal documents and exactly what that means, as well as the risks of not having good documents, or documents at all. She also discusses who to appoint as your Power of Attorney or agent, beneficiary designations that fall outside of Wills, and gives a general overview of trusts and how we generally use them.

Differences in Long-Term Care and Payment Options

Thu, 30 Jun 2022 10:00:00 -0400

In this episode, an excerpt from a recent virtual seminar, long-term planner Kristin Daugherty gives a general overview of the different types of long-term care available out there, as well as the different options to pay for them.

For additional details about the different forms of long-term care, check out these more comprehensive and detailed podcast episodes:

Levels of Long Term Care
Available Benefits and Ways to Pay for Long-Term Care
Types of Long-Term Care and How to Pay for Them

For more on the Medicaid qualification process and what is required, check out these past episodes:

Qualifying for Medicaid to Pay For Long-Term Care Costs
Explaining the Medicaid Five-Year Lookback

Answering Submitted Questions About Estate Planning

Thu, 09 Jun 2022 10:00:00 -0400

In this podcast episode, Attorney Megan Ingram and Long-Term Care Planner Tammy Zilske answer some questions that recent seminar attendees asked during the seminar. Among them are:

- Differences between a healthcare Power of Attorney and a living will
- Briefly explaining the five-year lookback as it relates to applying for Medicaid to pay for long-term care
- The "four D's" as they relate to gifting
- Differences in IRS gifting guidelines and Medicaid gifting rules
- The filial support law
- How often should legal documents be reviewed
- Who should have copies of your living will
- Where to keep legal documents
- What is the "pink sheet" and a POLST
- What is your parents refuse to make a Power of Attorney

Dementia Dialogue Three MUST HAVE Conversations to Protect Your Family from Financial Devastation

Thu, 26 May 2022 10:00:00 -0400

Caring for a loved one who is living with Alzheimer's disease or a related dementia can be quite challenging and should not be underestimated. Having conversations early and often is the key for making sure the right health care decisions are made in the second half of life. In this episode, Attorney Megan Ingram and Long-Term Care Planner Tammy Zilske discuss three conversations that need to happen within your family if you have a loved one that has a dementia, and also answer the following questions and more:

- Are there government benefits available to help cover the costs of care?
- When should you consider placing a loved one with dementia into a nursing home?
- How much does Medicare and Medicaid cover for the costs of care?
- Will giving your house to a child create any issues related to receiving government benefits?

This episode is an audio recording of a virtual seminar that was originally presented live on April 27, 2022. To view a video of this presentation, visit our YouTube channel.

The strategy sessions mentioned at the end of the episode are always available and can be booked online or by calling 1-800-351-8334.

Basic Taxes to Consider in Estate Planning

Fri, 06 May 2022 16:00:00 -0400

Taxes are a big part of what everyone needs to consider when doing their estate planning. Whether federal or state inheritance tax, how one structures their estate can make a big difference in what your estate tax is after you pass away. In this podcast episode, Attorney Jenna Franks gives a brief and general summary of what to consider when you do your estate planning with regards to taxes.

Of course, every estate is different and the way it is structured with respect to taxes will also greatly vary depending on each person's unique situation and goals. Call our office at 1-800-351-8334 and schedule a strategy session so that we can help you structure your estate in a way that makes the most sense.

Transitioning to Adulthood as an Individual with Special Needs: Legal Concerns

Fri, 22 Apr 2022 15:00:00 -0400

When a minor child with special needs transitions to being a legal adult (age 18), there are several things that need to be kept in mind from a legal standpoint and done correctly so that individual does not lose out on any potential benefits that he/she may be otherwise entitled. In this video, a recording of a presentation done for a private group in March 2022, Attorney Landon Hodges discusses those legal concerns for families that have individuals with special needs. Among the specific items discussed are guardianships, supplemental security income (SSI), social security disability insurance (SSDI), the Pennsylvania ABLE Act, special needs trusts, Medical Assistant Benefits for Workers with Disabilities (MAWD), and much more.

To view a video of this presentation, visit our YouTube channel.

A General Overview of the Medicaid Qualification Process for Long-Term Care

Wed, 06 Apr 2022 12:00:00 -0400

Most people know Medicaid as a general healthcare program for people with limited income and assets. While it is this, the program also covers long-term care costs for people that qualify, and one may be surprised to learn that you don't need to be entirely broke with little or no assets to qualify. So, how does that happen? In this episode, Long-Term Care Planner Kristin Daugherty gives a brief and general overview, without going into too many fine details, about how our firm helps people qualify for Medicaid to pay for long-term care. There are some general things to keep in mind when entering into this process, but no two situations are the same, so when engaging in Medicaid planning, it requires a unique and individualized process.

This episode is an excerpt of a virtual happy hour seminar held on Feb. 9, 2022.

For more information on Medicaid qualification and planning, check out some past podcast episodes below:

S1, E37 (Oct. 13, 2020)
S1, E41 (Oct. 30, 2020)
S1, E43 (Nov. 1, 2020)

Things to Consider if You or a Loved One Needs Long-Term Care

Tue, 22 Mar 2022 10:00:00 -0400

If you or a loved one suddenly or unexpectedly needs long-term care, it can be an overwhelming time with lots of questions. In this podcast episode, Long-Term Care Planner Kristin Daugherty answers some of those common initial questions that people have when faced with this situation, based on our firm's experience in working with such clients on a daily basis.

Each individual's and family's situation differs, however, so if you find yourself or a loved one facing these circumstances, it's best to consult an elder law attorney. Call us at 1-800-351-8334 to schedule a strategy session.

The Most Important Recommendation We Make to Our Clients

Tue, 08 Mar 2022 10:00:00 -0500

Our clients trust us to give them sound legal advice with respect to planning for their second half of life. As a law firm, we strive to give all of our clients the best possible advice for their situation and goals, which can greatly vary depending on those two and other factors (how old they are, how's their health, etc.). But, we always make one recommendation to all of our clients regardless of their circumstances. In this brief podcast episode, Attorney Jenna Franks explains that recommendation and goes into a bit more detail about what it entails.

How to Have Those Difficult Conversations and What to Discuss

Wed, 23 Feb 2022 16:00:00 -0500

We get it! Having conversations with anyone - family or otherwise - about estate planning and what you want to have happen after you pass away isn't something anyone looks forward to. In fact, many people intentionally put off such conversations for one reason or another. But doing so can potentially cause a lot of hardship later on during what is likely already a difficult time after a loved one passes away.

So, in this brief podcast episode, an excerpt from a virtual happy hour held on Feb. 9, 2022, Attorney Jenna Franks and Long-Term Planner Kristin Daugherty go over some ways to approach such conversations, and also detail some of the specific items that should be talked about in such discussions.

Three Tips to Tailor Your Trust to Tackle Your Estate Planning Goals

Fri, 04 Feb 2022 13:00:00 -0500

In this recording of a virtual seminar originally presented on Jan. 27, 2022, Attorneys Julie Steinbacher and Megan Ingram-French teach you everything you need to know about trusts. Ever wondered if a trust might be the right estate planning tool for you? Then sit back and listen to this comprehensive presentation about trusts, how we generally use them at our law firm and why we set them up for our clients, who the key people are when a trust is set up, what assets can (and cannot) get put into a trust, and estate tax considerations.

If you would like a FREE copy of one of the books written by Attorney Steinbacher referenced in this presentation, please fill out this form, email info@paeldercounsel.com, or call 1-800-351-8334 to request one.

The free strategy sessions are always available, and can be scheduled by calling 1-800-351-8334 or online at ChatwithSGY.com.

Adjusting Your Estate Plan Underneath Uncle Sam's Tax Hat

Tue, 09 Nov 2021 10:00:00 -0500

The U.S. House Ways and Means Committee released draft legislation on Sept. 13, 2021 that proposed a series of tax increases and tax cuts that could greatly affect certain parts of estate planning. In order to update our clients on the latest happenings within Congress, Attorney Julie Steinbacher recently conduced this virtual seminar to summarize these changes and how they could affect those that have already done at least some portions of an estate plan, although it can certainly apply to those that haven't started yet and are not our clients as well, which is why we're making this available to everyone now. Among the topics that are discussed are: what a reduction in gift, estate & generation-skipping transfer tax means for you & your family, grantor trust transfers & its impact on income tax, an elimination of grantor trust benefits & the need to pivot your portfolio, how to claim valuation discounts on nonbusiness assets and are they really being eliminated, and tax increases for high-income taxpayers.

Although we don’t know when the proposed legislation will be enacted or what the final form of the legislation will entail, we anticipate that some parts could be effective before the end of the year while others are scheduled to become effective January 1, 2022. While we continue to monitor the movement of this legislation as it works its way through the halls of Congress, we encourage you to watch this recording to stay informed on the latest law changes that could have a major impact on your family, home or business.

To schedule an initial consultation with our office, visit ChatwithSGY.com or call 1-800-351-8334.

To view a video of this presentation, complete with PowerPoint slides, visit our YouTube channel.

Digging Deeper into Dementia Without Needing a Medical Degree

Tue, 19 Oct 2021 10:00:00 -0400

In this episode, learn valuable tips and resources for coping with the devastating effects of dementia. This is an audio recording of a virtual seminar originally presented on September 29, 2021. in it, Attorney Jenna Franks, Long-Term Care Planner Kristin Daugherty and Specialized Care Planner Holly Reigh introduce a plethora of pointers to your most urgent questions and concerns about dementia. These include, but aren't limited to the importance of early and accurate diagnosis, care options and how to pay for care, how to protect your home and other assets from having to be used to pay for the cost of care, the right (and wrong) way to prevent spousal impoverishment, and emotional and psychological support services.

If you are interested in the Alzheimer's and Dementia support group that was referenced in this presentation, please email hreigh@paeldercounsel.com for more information.

The free strategy sessions are always available, and can be scheduled by calling 1-800-351-8334 or online at ChatwithSGY.com.

I Know Someone With a Trust, so I Need One Just Like it, Right?

Tue, 28 Sep 2021 11:00:00 -0400

In this brief podcast episode, Attorney Jenna Franks and Long-Term Planner Kristin Daugherty explain how unique each individual trust can be, and why one size definitely doesn't fit all when it comes to trusts.

Three Dementia Discussions You Should Have TODAY to Maintain Your Dignity

Mon, 06 Sep 2021 09:00:00 -0400

If you or a loved one has been diagnosed with Alzheimer’s or Dementia, you may be overwhelmed with this new reality and have questions pertaining to the future. Learn what action steps are necessary to avoid becoming paralyzed by this mind-erasing disease. It’s a race against time! In this episode, a recording of a virtual seminar originally presented on July 14, 2021, Attorney Jenna Franks, Long-Term Care Planner Kristin Daugherty and Specialized Care Planner Holly Reigh provide answers to top questions about legal, tax, financial, and care concerns. They also talk about how to maintain control of your life, assets, and decision-making, provide connections to emotional and psychological support services, give tips on ways to prevent caregiver stress and much more.

To view a video of this presentation, complete with PowerPoint slides, visit our YouTube channel.

The strategy sessions referenced at the end of the presentation are always free and are always available to anyone interested. To schedule one, visit ChatwithSGY.com, call 1-800-351-8334 or email info@paeldercounsel.com.

Is a Jointly-Owned Property Available to Help Pay for Long-Term Care?

Fri, 27 Aug 2021 11:00:00 -0400

Let's say you own a property (home, vacation property, farm, etc.) jointly with another person, such as a sibling or other family member, or even someone you're not related to. Now, you need nursing home care. Can you be required to sell your portion of the property to generate funds to pay for your long-term care? In this short podcast episode, Long-Term Care Planner Kristin Daugherty gives the answer to this question - and it's not one you might want to hear if this applies to you (or could in the future). The good news is such a situation is preventable with proper advanced planning. Give us a call at 1-800-351-8334 to start your planning.

Should I Put an Annuity I'm Already Receiving Distributions From Into a Trust?

Mon, 23 Aug 2021 12:00:00 -0400

In this very brief podcast episode, Long-Term Care Planner Kristin Daugherty answers this simple question of whether or not you should put an annuity from which you're already receiving distributions into a trust if you establish one while doing estate planning. She also explains something else important that needs to be done with regards to an annuity if you're planning to qualify for Medicaid to pay for long-term care.

What Happens if I Don't Protect My Assets, But Then Need Long-Term Care?

Sat, 21 Aug 2021 09:00:00 -0400

What are the consequences of not doing any estate planning? Well, you can roll the dice and maybe you won't have any problems. But with an average of 1 in 5 adults needing some type of long-term care in their lives, why tempt fate? Basically, if you require long-term care, whether it's in a nursing home or even some type of in-home care, and you haven't done good estate planning, things could get very dismal, and your assets could disappear in a relatively short time frame.

In this podcast episode, Long-Term Care Planner Kristin Daugherty talks about what can happen if you wait until you need long-term care to do your estate planning.

Why Having an Estate Plan is Important

Tue, 17 Aug 2021 11:00:00 -0400

"I don't need to worry about having estate planning documents. When I pass I'm fine with whatever the default arrangements are for my estate."

If this statement describes how you or someone you know thinks about estate planning, you might want to think again. Did you know that if you pass away without a will, it isn't your spouse that necessarily receives your entire estate? There can also be unnecessary inheritance tax consequences if you allow Pennsylvania's default estate plan to take effect for your estate. In this short podcast episode, Attorney Jenna Franks explains exactly what happens in Pennsylvania if you pass away without a will and proper estate planning documents.

Make sure your estate goes to where you want it, and not where Pennsylvania dictates. Give us a call at 1-800-351-8334 and as long as you live in PA, we'll get you started with a basic estate plan.

Answering the Top Questions About Long-Term Care

Wed, 11 Aug 2021 11:00:00 -0400

This episode is a rebroadcast of a show that aired as part of Elder Care Radio on WRSC 1390 AM in State College during 2020-21. It was produced by Forever Media. In this episode, the final in this series from Elder Care Radio, Attorney Jenna Franks and Long-Term Planner Kristin Daugherty answer some of the top questions they get from clients regarding long-term care. Specifically, this includes what are the different types of long-term care and what they entail, and how to pay for them (there are several different options).

If you or a loved one may need long-term care in the future, or even if you don't anticipate it but would like to protect yourself from the cost of it down the road should something come up that is not anticipated, this is an episode for you.

How to Craft an Effective Estate Plan Without Starring in Family Feud

Thu, 05 Aug 2021 13:00:00 -0400

Just like the classic game show, we took a poll on how best to avoid family feuds. The top survey answers are on the board, and they all indicate peace of mind comes from properly planning ahead. In this episode, Attorney Megan Ingram-French and Long-Term Care Planner Kristin Daugherty will help get your family to the "fast money" bonus round and help you discover things like why it is important to name more than one agent on your Power of Attorney, legal documents that are critical, how you ensure your children are taken care of after you pass, asset protection strategies to keep your home safe from creditors, why a trust might make sense for your family, and more.

This is an audio recording of a virtual seminar originally presented on June 23, 2021. To see a video of this presentation, complete with PowerPoint slides, visit our YouTube channel.

A Loved One Needs Nursing Home Care Now. What do I do?

Tue, 27 Jul 2021 11:00:00 -0400

This episode is a rebroadcast of a show that aired as part of Elder Care Radio on WRSC 1390 AM in State College during 2020-21. It was produced by Forever Media. In this episode, Attorney Jenna Franks and Long-Term Planner Kristin Daugherty discuss what needs to be done, if it hasn't already, if and when someone has an unexpected medical emergency that results in a need for nursing home care or some other type of assisted living, including in-home care. This type of care can be expensive, and without proper planning, either in advance (ideally) or in a crisis type of situation, it can quickly exhaust whatever assets and financial savings that person and his/her family may have.

If you know someone in this situation or would like to avoid a crisis should it ever happen to you or a loved one, this is the perfect episode for you.

The Top Concerns in Estate Planning

Tue, 20 Jul 2021 10:00:00 -0400

This episode is a rebroadcast of a show that aired as part of Elder Care Radio on WRSC 1390 AM in State College during 2020-21. It was produced by Forever Media. In this episode, Attorney Jenna Franks and Long-Term Planner Kristin Daugherty introduce the concept of estate planning to those that may be new to it or unfamiliar, and they go over some of the top concerns that people may have, and some of the top issues that arise in their everyday work of helping clients plan for their second half of life.

Simple Solutions to Keep Assets Safe from Nursing Home Costs

Mon, 12 Jul 2021 10:00:00 -0400

A nursing home, rehab stay, or even long-term or temporary in-home care resulting from a health crisis or emergency does not have to wreck havoc on your second half of life. In this podcast episode, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty go through three simple solutions that you can do in relatively short time, with the assistance of some professionals, to make sure your assets are protected in the event of a health crisis.

This is an audio recording of a virtual seminar originally presented live on June 10, 2021. To view a video of this presentation, complete with PowerPoint slides, visit our YouTube channel.

NOTE: The FREE strategy sessions referred to at the end of the presentation are always available to anyone that is interested. Visit ChatwithSGY.com to book a session at any time!

What is a Life Estate and How Does it Work?

Thu, 01 Jul 2021 10:00:00 -0400

In this brief episode, Attorney Landon Hodges and Long-Term Care Planner Tammy Zilske discuss a Life Estate deed, how it works, and when it may be appropriate for someone to utilize as part of their estate planning process.

Dementia 101

Mon, 28 Jun 2021 10:00:00 -0400

This episode is a rebroadcast of a show that aired as part of Elder Care Radio on WRSC 1390 AM in State College during 2020-21. It was produced by Forever Media. In it, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty go over at a very basic level what you should know if you or a loved one have been diagnosed with dementia, or are exhibiting signs or symptoms of dementia such as cognitive decline.

Answering Some of the Most Frequently Asked Questions About Estate Planning

Mon, 14 Jun 2021 10:00:00 -0400

This podcast episode is a recording of a virtual presentation given to the Adult Children of Aging Parents organization (ACAP) in May 2021 by Attorney Jenna Franks and Long-Term Planner Kristin Daugherty. They take some of the most frequent questions they get asked in their everyday work and answer them. Topics of discussion include legal and financial documents that everyone needs such as wills and Powers of Attorney, trusts, special needs planning, government benefits, long-term care, gifting, Alzheimer's and Dementia, and more.

For more information on ACAP, visit
http://www.acapcommunity.org/find-a-chapter/acap-centre-county/

What if my Spouse Has to go into a Long-Term Care Facility?

Fri, 04 Jun 2021 10:00:00 -0400

In this episode, a brief excerpt from a virtual happy hour event originally held May 12, 2021, Attorney Landon Hodges and Long-Term Care Planner Tammy Zilske talk about scenarios where one spouse has to be moved to a long-term care facility while the other spouse is still living at home. There are various financial considerations that go into such situations, and they can get especially complicated if Medicaid is involved with paying for the care of the spouse in the LTC facility.

Landon and Tammy also discuss the importance of pre-planning and the emphasis our firm puts on it (this podcast being a key part of our educational mission), what pre-planning involves, and the importance of having good legal documents in place to account for all possible situations in the future - both likely and unlikely.

Do Irrevocable and Revocable Trusts Protect Assets Equally?

Tue, 01 Jun 2021 12:00:00 -0400

There are multiple types of trusts, but two of the most commonly used are revocable and irrevocable. In this brief podcast episode, an excerpt from a virtual happy hour event on May 12, Attorney Landon Hodges answers the question in the episode title regarding protection, gives some examples, and also explains who can hold the "key" to the trust in irrevocable trust situations.

What Happens When You Inherit an IRA?

Fri, 28 May 2021 10:00:00 -0400

The rules for inheriting an IRA or other qualified retirement account drastically changed at the beginning of 2020. In this brief episode, Attorney Landon Hodges outlines when happens when someone inherits a qualified retirement account from a decedent and discusses things that everyone should be aware of relating to being a beneficiary of such an asset and when doing their own estate planning.

This is a clip from a virtual happy hour event originally held on May 12.

The Importance of Individualized Planning with a Team of Trusted Advisors

Tue, 25 May 2021 11:00:00 -0400

In this episode, an excerpt from a virtual happy hour event held on May 12, Attorney Landon Hodges and Long-Term Care Planner Tammy Zilske discuss how and why it is important to have a team of trusted advisors when doing your estate planning. Because estate planning is never one-size-fits-all, it is important that each client includes other experts when doing their planning. In addition to an elder law attorney and/or long-term care planner (if necessary), this could include a financial advisor, insurance representative, and others as appropriate. Landon and Tammy talk about how they all work together with our team when doing individualized planning for each client.

When the Diagnosis is Dementia: Three Action Steps You Should Take Right Now!

Mon, 17 May 2021 09:00:00 -0400

Don’t allow an Alzheimer’s or Dementia diagnosis to devastate your life savings! If you or a loved one has been diagnosed with Alzheimer’s or Dementia, there is no more time to waste. The clock is ticking! With every passing second, more financial resources may be exploited. In this episode, Attorney Jenna Franks, Long-Term Care Planner Kristin Daugherty, and Specialized Care Planner Holly Reigh conduct a panel discussion in which they answer top questions about legal, tax, financial and care concerns, how to maintain control of your life, assets and decision-making, emotional and psychological support services, ways to prevent caregiver stress, valuable connections to make a difficult time more manageable, and much more.

NOTE: The FREE strategy sessions referred to at the end of the episode are always available to anyone that is interested. Visit ChatwithSGY.com to book a session at any time!

How Our Firm Further Assists Our Clients with Alzheimer's and Dementia Beyond Legal Services

Mon, 10 May 2021 10:00:00 -0400

Our law firm has always provided quality legal services to individuals that require them specifically due to receiving an Alzheimer's or Dementia diagnosis. While we continue providing these services, we recently stepped back and assessed how we can serve these clients and their families even better by going beyond just the legal services. Enter our new formal Alzheimer's and Dementia care coordination program, which was put together by our Long-Term Care Planner Kristin Daugherty, and our new Specialized Care Planner Holly Reigh. Both Kristin and Holly are also Certified Dementia Practitioners, and in this episode, they join Matt Beltz, the firm's marketing and business development director, to discuss this care coordination program in detail. Kristin and Holly also offer some real-life examples of how we have activated this plan to further assist clients more recently beyond legal work.

For additional information on Alzheimer's, visit the Greater PA Chapter of the Alzheimer's Association website.

How to Communicate Your Final Wishes to Loved Ones Before a Crisis Strikes

Mon, 03 May 2021 10:00:00 -0400

An Emergency Room visit is not the time to designate a Power of Attorney!

End-of-life decisions are unfortunately, inevitable. Sooner or later, we all will be faced with this daunting challenge. When the time comes, your family wants to make the right decision - the decision of YOUR choosing. In this episode, Attorney Julie Steinbacher, our firm's founder, and Dr. Alex Nesbitt, a geriatrician at UPMC Susquehanna, discuss ways you can have this difficult but necessary conversation with your loved ones, as well as things you should consider when making these decisions.

Access the free Health Care Power of Attorney document (available for any resident of Pennsylvania) referenced during the seminar here

Here are the other links referenced in the episode:
theconversationproject.org
docubank.com

To schedule a free strategy session with one of our attorneys, visit ChatwithSGY.com anytime.

The Financial Cost of Caregiving (via The Caregiver Community Podcast)

Mon, 26 Apr 2021 10:00:00 -0400

There are lots of options for the long-term care for a loved one (or ourselves), whether additional services are brought into the home or the loved one moves into a congregant living community such as a continuous care retirement center (CCRC), skilled care, or memory care facility. However, the costs associated with each level of long-term care can be alarming, and raise all sorts of questions. In this episode, Attorney Jenna Franks, Long-Term Care Planner Kristin Daugherty, and Specialized Care Planner Holly Reigh join Frances S. Hall, the founder and Executive Director of Adult Children of Aging Parents (ACAP), to discuss various care options and strategies for paying for ongoing care.

This episode was originally distributed on The Caregiver Community podcast, and was produced by ACAP, and is being shared on the Second Half of Life podcast with the permission of ACAP.

To learn more about ACAP, you can subscribe to its podcast using the link above, or visit its podcast page on its website.

Jenna and Holly are both on the leadership team for the State College ACAP chapter. For more information on the Centre County, PA chapter visit its website.

Three Reasons Why Pre-Planning for the Second Half of Life Always Provides the Best Options

Mon, 19 Apr 2021 09:00:00 -0400

Doing your estate planning ahead of time before a crisis hits will almost always give you a better outcome. In this episode, a recording of a virtual seminar originally presented live on March 23, 2021, Attorney Landon Hodges and Long-Term Care Planner Tammy Zilske discuss our firm's distinctive approach to planning for the second half of life that adapts to your ever-changing needs and leaves you better prepared for tomorrow.

To view a video of this presentation, complete with PowerPoint slides, visit our YouTube channel.

How to Save Your Nest Egg from Being Stolen by the Leprechaun

Mon, 12 Apr 2021 10:00:00 -0400

You've done everything right and saved what you need for a comfortable retirement. Now, you need to make sure something unexpected like a health emergency doesn't eat into those savings. Attorney Jenna Franks and Long-Term Planner Kristin Daugherty show you how in this virtual seminar, originally presented on March 10, 2021. Hint - you don't need to leave it up to the "luck of the Irish" to successfully plan ahead for your second half of life!

To view a video of this presentation with PowerPoint slides, visit our YouTube channel.

The 4 D's (or why you shouldn't give your house or other property to a relative for $1)

Fri, 09 Apr 2021 10:00:00 -0400

At our elder law firm, we often get asked by clients, "why can't I just give my house (or another piece of valuable property) to my adult children or other relatives for $1 in order to avoid inheritance tax and other potential tax or future lien consequences?" In short, you can, but we generally don't recommend it. Why not? Because of the 4 "D's." What are the 4 D's? Long-Term Care Planner Tammy Zilske explains in this episode.

What is Long-Term Care Planning and How do we Handle it?

Mon, 05 Apr 2021 15:00:00 -0400

If you've listened to even just a few episodes of this podcast, you've probably heard the term "long-term care planning" more than once. Aside from the obvious definition - planning for long-term care - what exactly do we mean when we talk about long-term care planning and what does it entail? And what can you expect if you enlist our firm to assist with your long-term care planning? In this brief episode, Long-Term Care Planner Tammy Zilske summarizes what long-term care planning is and how our law firm generally does to assist our clients with it.

How Our Firm Works With Clients with Alzheimer's and Dementia

Sun, 21 Mar 2021 10:00:00 -0400

In this brief episode, Long-Term Care Planner Kristin Daugherty summarizes how our law firm works with clients that have received a diagnosis of Alzheimer's, Dementia, and some other conditions. We have always been a dementia-friendly law firm, but recently, we have brought on board a dementia care planner, Holly Reigh, who will be working with clients on non-legal issues related to the navigation and coordination of necessary care for these individuals.

What to do if a Loved One is Already in a Nursing Home

Sat, 20 Mar 2021 10:00:00 -0400

So, you have a spouse or other loved one that has had to go into a nursing home. But, you haven't done much (or any) estate planning. What can you do to make sure your assets are protected and your entire estate doesn't go toward the cost of care? There are ways that we can help you preserve your assets, even if you or a loved one is already in a nursing home. However, we can only do so if a couple of things are taken care of first. In this episode, Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty explain a little bit about how we can help you if you're in such a situation, and most importantly, what you must do first, ideally before someone is in a nursing home.

The Most Common Tool We Use to Protect Client Assets

Fri, 19 Mar 2021 10:00:00 -0400

Protecting your assets from the potential future, or in some cases, current costs of long-term care is a key objective for many of our clients. In this podcast episode, Attorney Landon Hodges talks about the tool that our firm uses in many situations to accomplish that goal, and why and how it differs from straight-up gifting of assets to another individual.

Available Benefits and Ways to Pay for Long-Term Care

Thu, 18 Mar 2021 12:00:00 -0400

In this podcast episode, Long-Term Care Planner Kristin Daugherty and Attorney Landon Hodges discuss the different ways that are available to help pay for long-term care, regardless of the type of long-term care that is needed. Types of care include in-home care, personal care, in a continuing care community, or the highest level of care - skilled nursing. Types of payment options include private pay, VA benefits, long-term care insurance - of which there are several types - and Medicaid benefits, as well as Medicare, although that is usually only a (very) short-term solution. Different ways to take advantage of these types of benefits are also discussed.

Alzheimer’s Planning Part 5 – Prevention & Risk Reduction

Fri, 12 Mar 2021 10:00:00 -0500

In this final portion of the five-part series of short episodes centered on Alzheimer's planning, Attorney Julie Steinbacher speaks with Jeffrey Dauber, education and outreach coordinator for the Greater Pennsylvania chapter of the Alzheimer's Association. Unfortunately, Alzheimer's isn't entirely preventable at this point, despite an increase in research breakthroughs recently. However, in this episode, Julie and Jeffrey discuss some things that can be done to reduce the risk of Alzheimer's and slow its progression, namely staying cognitively challenged and physically active, and not being socially isolated.

To watch a video of this talk, visit our YouTube channel.

For additional resources on Alzheimer's, visit Alz.org.

If you've enjoyed this short series on Alzheimer's, and know of someone that has been recently diagnosed with Alzheimer's or a related dementia, or is displaying a cognitive decline, and could benefit from beginning the legal planning process, give our office a call at 1-800-351-8334.

The Three Secrets Nobody Tells You As You Enter Your Second Half of Life

Mon, 08 Mar 2021 12:00:00 -0500

Take the mystery out of planning ahead for tomorrow's challenges, as Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty share the secrets of planning for your second half of life in this virtual seminar originally presented on Jan. 26, 2021. Utilizing a new format for this seminar, Jenna and Kristin discuss essential estate planning documents, the best ways to preserve assets for your heirs, strategies to protect a spouse if the other spouse has to go into a nursing home, and much more.

NOTE: The FREE strategy sessions referred to at the end of the presentation are always available to anyone that is interested. If you'd like to schedule a FREE one-hour strategy session with one of our attorneys and/or long-term care planners after viewing this recording, please go to ChatwithSGY.com to book online, or call 1-800-351-8334.

To view a video of this presentation, complete with PowerPoint slides, visit our YouTube channel.

Alzheimer's Planning Part 4 - Support Services

Fri, 05 Mar 2021 10:00:00 -0500

In part four of a five-part series of short episodes centered on Alzheimer's planning, Attorney Julie Steinbacher speaks with Jeffrey Dauber, education and outreach coordinator for the Greater Pennsylvania chapter of the Alzheimer's Association. In this episode, Julie and Jeffrey talk about the various services that are available to assist people that have received an Alzheimer's diagnosis and their families and caretakers. These include different people in the medical field, personal care and specialized assisted living facilities, in-home care programs, wavier programs, other specialized care programs, respite care for the caregivers, elder law attorneys and much more. They also emphasize the importance of advocating for themselves with people in all of these areas and programs.

To watch a video of this talk, visit our YouTube channel.

For additional resources on Alzheimer's, visit Alz.org. There is also a listing on this website of these various types of support services.

Alzheimer’s Planning Part 3 – Care Planning

Mon, 01 Mar 2021 15:00:00 -0500

In part three of this five-part series of short episodes centered on Alzheimer's planning, Attorney Julie Steinbacher speaks with Jeffrey Dauber, education and outreach coordinator for the Greater Pennsylvania chapter of the Alzheimer's Association. In this episode, Julie and Jeffrey discuss the importance of planning for current and future care needs related to an Alzheimer's diagnosis. There is a need to take into consideration several factors, including but not limited to legal and financial ramifications, caregiver stress, and safety. They also touch on some do's and don't's when it comes to caring for a family member with Alzheimer's and the importance of communicating.

To watch a video of this talk, visit our YouTube channel.

For additional resources on Alzheimer's, visit Alz.org.

Check back in the coming weeks for the last two parts of this series on Alzheimer's.

How to Strategically Position Your Estate Plan in an Ever-Evolving Political Climate

Mon, 22 Feb 2021 10:00:00 -0500

Originally recorded just a few days prior to the 2021 presidential inauguration, but with information that should prove to last far beyond the standard four or eight years of a presidential or governor's term in office, this episode is for you if you'd like to make sure your estate is protected regardless of who or which political party is in power. Attorney Julie Steinbacher helps you uncover important legal steps to consider to safeguard your second half of life, no matter who holds the levers of power in Washington or Harrisburg. Julie discusses four things that you need to know and address to make sure you, your family and if applicable, your business, can weather any policy changes that come from state or federal government regarding estate planning, and ensure that your goals are met and wishes fulfilled as it relates to your assets, beneficiaries, and estate.

Alzheimer’s Planning Part 2 – Disease Navigation through the Stages

Tue, 16 Feb 2021 17:00:00 -0500

In this episode, the second of a five-part series of short episodes centered on Alzheimer's planning, Attorney Julie Steinbacher speaks with Jeffrey Dauber, education and outreach coordinator for the Greater Pennsylvania chapter of the Alzheimer's Association. They go through the different stages of Alzheimer's - early, middle and late, or sometimes also referred to mild, moderate and severe - and some of the symptoms of each stage. They also discuss things that family and caretakers need to consider with each stage, as well as the legal impact and when it is important to do what from a legal standpoint, and considering the toll it can take on caretakers.

To watch a video of this talk, visit our YouTube channel.

For additional resources on Alzheimer's, visit Alz.org.

Check back in the coming weeks for the remaining three parts of this series on Alzheimer's.

The Greatest Gift You Can Give a Loved One

Tue, 09 Feb 2021 10:00:00 -0500

What is the greatest gift you can give a loved one? While this is certainly subjective, and this questions can have different answers at different times in a person's life, our law firm strongly believes that the greatest gift you can give a loved one is peace of mind and protection. How can this be accomplished? Well, listen to this episode for a detailed explanation as it relates to estate planning, as Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty discuss the basics of estate planning, and how addressing each one of these foundational pieces of the estate planning process can give your loved ones that protection and peace of mind that everyone should enjoy, especially in their second half of life.

This is a recording of a virtual seminar originally presented on Dec. 10, 2020. To view a video of this presentation, visit our YouTube channel.

Alzheimer’s Planning Part 1 – Disease Impact & the Importance of Early & Accurate Diagnosis

Tue, 02 Feb 2021 17:00:00 -0500

In this episode, the first of a five-part series of short episodes centered on Alzheimer's planning, Attorney Julie Steinbacher speaks with Jeffrey Dauber, education and outreach coordinator for the Greater Pennsylvania chapter of the Alzheimer's Association. They discuss what exactly is Alzheimer's, the importance of getting an accurate diagnosis and an early diagnosis, some symptoms of the disease, its impact on others and understanding this impact.

To watch a video of this talk, visit our YouTube channel.

For additional resources on Alzheimer's, visit Alz.org.

Check back in the coming weeks for the other four parts of this series on Alzheimer's.

Preview of New Virtual Seminar

Mon, 25 Jan 2021 10:00:00 -0500

Steinbacher, Goodall & Yurchak is debuting some new virtual seminar topics and formats in 2021. Our first brand new seminar is scheduled to debut tomorrow, Jan. 26, 2021. Here is a brief preview of this new seminar, which will feature Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty presenting "The Three Secrets Nobody Tells You as You Enter Your Second Half of Life." The full presentation will run a little under an hour, between approximately 45-55 minutes.

If you like what you hear, you can be among the first to see and hear it by registering for this and other future seminars here:
https://www.paeldercounsel.com/register-for-a-seminar

For a video clip of this preview, visit our YouTube Channel.

If you're interested in hearing more, but aren't able to attend the live virtual seminar on Jan. 26, don't worry, we'll have a recording of the full event to publish on here soon thereafter.

The SECURE Act and its Effect on Long-Term Care Planning

Mon, 11 Jan 2021 15:00:00 -0500

The SECURE Act went into effect about a year ago, on Jan. 1, 2020. In this episode, Attorney Jenna Franks discusses the SECURE Act's effect on estate planning, based on the firm's experience in planning with clients over the last year. While originally given to a group of professionals, this presentation can be helpful for those about to begin their estate planning and those that have already done some planning, but who could be affected by the provisions in the SECURE Act. Jenna also gives a few case examples of how the SECURE Act has affected hypothetical clients with certain IRAs to pass to their heirs after they pass.

This presentation was given on Dec. 8, 2020, as part of a half-day tax seminar primarily intended for financial and accounting professionals. To watch a video of the same presentation, complete with PowerPoint slides, visit our YouTube channel.

Advancing Forward Amid Crisis: Things for Business Owners to Keep in Mind for 2021

Mon, 28 Dec 2020 10:00:00 -0500

Just as she kicked off our rebranded podcast earlier this year while we were in the midst of the COVID-19 shutdown in April, Attorney Julie Steinbacher, our firm's founder and owner, now wraps up our first podcast season with this final episode of 2020, which appropriately looks ahead to 2021 from a small business perspective in light of all that has happened in 2020. Among the topics discussed are COVID-19 vaccinations from an employer standpoint, caring for employees and the importance of procedures, grants, PPP loan forgiveness, and the Families First Coronavirus Response Act (FFCRA), which is currently scheduled to expire after Dec. 31. If you are a small business owner or manager, this is a presentation that you should find very helpful as you look ahead to 2021.

This presentation was given on Dec. 8, 2020, as part of a half-day tax seminar primarily intended for financial and accounting professionals. To view a video of this presentation with PowerPoint slides, visit our YouTube channel.

If you'd like a copy of the book referenced at the beginning of the podcast, or would like to see examples of the employee policies that Julie talks about later in the podcast, please email info@paeldercounsel.com or call 1-800-351-8334 and reference this video.

And don't forget to subscribe to our podcast on your favorite directory, as we'll have plenty more new podcast episodes for our second season beginning in January 2021.

Having Difficult Estate Planning Conversations with Family

Sun, 20 Dec 2020 10:00:00 -0500

Of course we always recommend that people are proactive rather than reactive with respect to doing their estate planning and discussing it with other loved ones as appropriate. Generally speaking, those that are proactive as opposed to reactive will have better outcomes. However, as a practical matter, it's seldom easy to talk about with your children what you want to happen after you pass away, nor is it easy for an adult child to bring up the subject with their aging parents. In this brief podcast episode, an excerpt from a virtual happy hour discussion held November 18, 2020, Long-Term Care Planner Kristin Daugherty and Specialized Care Planner Holly Reigh give some tips about having these types of difficult conversations with family members. Kristin also shares a story as an example of what could happen if you never even broach this difficult topic, and also cautions about waiting until the New Year to consider a nursing home for an aging loved one.

What if a Family Member Needs Care?

Sat, 19 Dec 2020 10:00:00 -0500

In this episode, a brief clip from a virtual happy hour discussion held on November 18, 2020, Long-Term Care Planner Kristin Daugherty talks about what you should do if, after visiting aging family members over the holidays, you notice a decline in a loved one's health - either physical or mental. She also discusses what sets elder law firms like ours apart.

Basic Estate Planning (in just five minutes)

Fri, 18 Dec 2020 09:00:00 -0500

What do we mean when we talk about estate planning? Well, there's a lot that it entails, and to get into everything in depth, it takes a lot longer than just five minutes. But, in this clip from a virtual happy hour event event from November 18, 2020, Attorney Jenna Franks gives a short version of what we're generally talking about when we refer to estate planning. Jenna gives a few tips on what is most important to be aware of regarding Wills and Powers of Attorney, and also gives a tip about an unconventional place that some people keep their actual legal documents if they don't have a fireproof safe. She also offers advice about making sure adult children or another appointed person is aware about where documents and assets are located, even if you don't want to share too specific information about assets.

If you're interested in hearing a longer and much more detailed and in depth podcast about estate planning, check out episode 40, titled "Basics of Estate Planning," featuring Attorney Julie Steinbacher.

Does Your Power of Attorney Have Everything it Needs?

Fri, 27 Nov 2020 10:00:00 -0500

In this short clip from a virtual happy hour discussion held with a private group in October, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty talk about the importance of not only have a Power of Attorney, but also that the document is done correctly and accounts for all reasonably possible situations. Kristin also gives an example of something that all financial POAs should have and if they don't, it could create a major problem when trying to protect assets from long-term care costs.

Strategies to Protect & Provide in a Health Crisis

Fri, 20 Nov 2020 10:00:00 -0500

A bad fall, stroke, dementia diagnosis, or other unexpected illness are things beyond one's control that could create a need for nursing home care, either temporarily or for the long term. But are you prepared for the financial ramifications of requiring nursing home care, either for yourself or a loved one?

In this episode, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty discuss legal strategies that are available to everyone to help minimize the financial and emotional impact of a healthcare crisis. Among the topics they discuss are what long-term care insurance covers, what both Medicaid and Medicare pay towards the cost of long-term care, how you can protect your home and other assets from the rising cost of long-term (hint: it's best to start planning early while you're still in good health in order to get the best results), and what you can do if you're currently in a crisis or a loved one is already in a nursing home and you haven't pre-planned.

This is an audio recording of a virtual seminar originally presented in October 2020. To view a video of this episode, complete with PowerPoint slides, visit our YouTube Channel.

Planning for the Second Half of Life: What You Need to Know About IRAs, Trusts & Taxes

Fri, 13 Nov 2020 10:00:00 -0500

In this podcast episode, an audio recording of a virtual seminar originally presented to a private audience in September 2020, Attorney Julie Steinbacher, founding shareholder of Steinbacher, Goodall & Yurchak, discusses everything one would need to know about planning for the second half of life, with a particular emphasis on IRAs, trusts and taxes. She begins the presentation by talking about the foundational documents that everyone should have, such as Wills and Powers of Attorney, and goes into some more detail about the different types of POAs. In the second half of the episode, she then discusses trusts and their objectives, IRAs and other qualified retirement plans, as well as taxes and how those should factor into retirement planning and potential planning for long-term care, and estate planning.

To view a video of this presentation, complete with PowerPoint slides, visit https://www.youtube.com/watch?v=lkdthjvkSQE

Types of Long-Term Care and How to Pay for Them

Fri, 06 Nov 2020 10:00:00 -0500

What if you or a family member have an unexpected health crisis, such as a fall, stroke, accident, or dementia diagnosis? What if this crisis leave you or your loved one in need of some form of long-term care? What are your options, and how will you pay for this care?

In this episode, a recording of part of an informal virtual discussion held in September 2020, Kristin Daugherty and Tammy Zilske, our firm's two Long-Term Care Planners, discuss the different levels of long-term care and what each entails, as well as how each is or can be generally paid for - though each individual situation certainly varies - and which ones are eligible to be paid for by Medicaid benefits. Both Kristin and Tammy are also Certified Medicaid Planners - two of only three in all of Pennsylvania as of 2020 - and they help clients every day with submitting Medicaid applications when they require long-term care.

A video of this same presentation can be viewed on our YouTube channel https://www.youtube.com/watch?v=9tYrgqJNrtM

Consequences of not Having Good Power of Attorney Documents

Mon, 02 Nov 2020 10:00:00 -0500

So, you have a Power of Attorney. First of all - what kind of POA is it - financial, healthcare, living will, mental health, or all of the above? What is in it? How long ago was it drafted? Have any of your personal circumstances changed since it was originally done? It is critically important to review your POAs periodically, because if there are critical components missing, it can greatly affect someone's ability to carry out the wishes of an incapacitated loved one. It can also affect a elder law attorney's ability to help both parties, which could potentially lead to long and expensive legal proceedings involving the courts. In this brief episode, long-term care planner Tammy Zilske explains more about the importance of having good quality POAs, and the possible consequences of having out-of-date or incomplete POAs, or none at all.

Medicaid Compliant Annuities

Sun, 01 Nov 2020 09:00:00 -0500

In this brief episode, a clip from a virtual event in September titled "Piecing Together the Long-Term Care Puzzle," Long-Term Care Planner Tammy Zilske talks about the use of a Medicaid Compliant Annuity to help pay for the cost of long-term care and to help qualify an individual for Medicaid benefits to pay for the cost of long-term care. The rules for such a product are complicated, so it is recommended that you consult an elder law attorney (like our firm!) before purchasing one.

Can Children be Held Liable for Their Parents' Nursing Home Bills?

Sat, 31 Oct 2020 10:00:00 -0400

Can adult children be held liable for their parents' nursing home bills? The short answer is yes, but this usually only happens as a last resort and in situations when there has been little or no planning done, or the adult child completely disappears or stops communicating with the nursing home. Our firm's long-term care planners Kristin Daugherty and Tammy Zilske explain more about the Pennsylvania law that allows this, the relatively rare situations in which this may happen and how to avoid such a situation (it starts with having a plan for pay for long-term care costs, which is where we come in).

Explaining the Medicaid Five-Year Lookback

Fri, 30 Oct 2020 10:00:00 -0400

Nursing home care costs nearly $11k per month in Pennsylvania in 2020. So, what happens if you or a loved one finds yourself in need of long-term care, either expectedly or unexpectedly, but especially if this circumstance hasn't been planned for previously? You'll either need to pay for it out of your own (or your family's) pocket, using any possible long-term care insurance you may have to at least partially offset those costs, or you'll need to apply for Medicaid benefits for these long-term care costs so that your life savings aren't depleted over time, and you have nothing to pass down to your heirs or other beneficiaries when you pass.

So, what are the rules surrounding qualifying for Medicaid benefits for long-term care? In short, they are very complicated, but the most important thing to remember is the five-year lookback. In this episode, a clip from a virtual event held in September 2020, our firm's two long-term care planners, Kristin Daugherty and Tammy Zilske, who are also Certified Medicaid Planners, talk about the five-year lookback and how it works, and how it affects when you can qualify for Medicaid benefits for long-term care.

The Basics of Estate Planning

Fri, 23 Oct 2020 10:00:00 -0400

Attorney Julie Steinbacher, the founding shareholder of Steinbacher, Goodall & Yurchak, gives this comprehensive presentation about the many aspects of estate planning. She uses a number of personal stories and anecdotes from her nearly 20 years of practice as an elder law attorney, social worker and long-term care facility owner, to relate to the audience and impress the importance of developing each part of an estate plan for your second half of life. An estate plan is more than just a Will and/or Power of Attorney (although both of those documents are extremely important as well), and Julie explains how each individual aspect of an estate plan can have an impact on what happens both while you're still living and after you pass away.

This is an audio recording of a virtual seminar originally given to a private group. To view a video of the presentation, complete with PowerPoint slides, visit https://www.youtube.com/watch?v=2cOvX6FSiMY

Levels of Long-Term Care

Thu, 15 Oct 2020 10:00:00 -0400

In this podcast episode, a small portion of our Wine & Wills virtual event from Sept. 1, Long-Term Care Planner Kristin Daugherty explains the three levels of long-term care and what characterizes each of them, how they are paid for differently in some cases in terms of which are eligible to paid for by Medicaid, and how each individual's needs differ, as well as how each individual pays for such care.

If you enjoyed this informative episode about different types of long-term care, subscribe to our podcast and receive notifications about new podcast episodes. Over the next month, there will be more short episodes ranging in length from about 2-15 minutes on long-term care specifically, and the various community resources available to individuals and families in need.

Putting an Investment Account into a Trust

Wed, 14 Oct 2020 10:00:00 -0400

Attorney Jenna Franks briefly explains the tax situation if an investment account (not to be confused with a qualified retirement plan) is put into a trust, and what our firm generally does to keep the tax rate on such an account as low as possible. This is a brief clip from our Wine & Wills virtual event held on Sept. 1.

Qualifying for Medicaid to Pay for Long Term Care Costs

Tue, 13 Oct 2020 10:00:00 -0400

In this episode, a clip from our Wine & Wills virtual event on Sept. 1, Long-Term Planner Kristin Daugherty discusses using Medicaid to pay for long-term care costs. In addition to the better-known version of Medicaid (also called medical assistance), which is used by people of a certain income level for general healthcare, Medicaid is and can also be used by people of varying asset levels to pay for long-term care costs. So, how can you qualify for Medicaid to pay for long-term care if you have too many assets? The short answer is to give some of these assets away as gifts, often to a trust, but HOW one does this is more important that the act of gifting itself. Kristin explains some of this in very general terms.

To learn more about Medicaid qualification for long-term care costs, view this portion of a recent virtual seminar in which Kristin explains more about Medicaid. https://youtu.be/9nB3sEz89Po?t=2105

All About Powers of Attorney (in under 10 minutes)

Mon, 12 Oct 2020 10:00:00 -0400

In this clip from our Wine & Wills virtual event on Sept. 1, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty discuss Powers of Attorney and why some POAs don't always contain everything they need to in order to account for possible future scenarios (our office strives to make sure this doesn't happen). They also summarize the four different types of POAs, discuss when each is effective, and talk about choosing agents for POAs and how and why they don't need to be the same person for each type of POA.

Why not put IRAs and other retirement accounts into a trust?

Sun, 11 Oct 2020 10:00:00 -0400

Among the most common reasons for using a trust are to protect assets against the cost of long-term care, other creditors and potentially to avoid certain types of taxes (but not all). So, why then would it not be advisable in many situations to put IRAs, 401(k)s, and other types of qualified retirement savings accounts into a trust? Long-Term Care Planner Kristin Daugherty and Attorney Jenna Franks give a very simple explanation in this clip from our Wine & Wills virtual event on Sept. 1. However, they also offer a scenario when it may be advisable to do so. In short, every individual's situation is unique and what our office would advise as someone's best option is according to each unique circumstance.

Should I give my house to my child for $1?

Sat, 10 Oct 2020 10:00:00 -0400

Why not sell your house to your adult child for $1 as a way to protect that asset from creditors or reduce your estate tax? Long-Term Care Planner Kristin Daugherty and Attorney Jenna Franks explain why this isn't a good idea and why our law firm generally advises against this practice. They also offer an alternative that may accomplish the same goals as selling your home for $1, only without the potential downside.

Why are Wills important and what types of assets generally aren't covered in Wills?

Fri, 09 Oct 2020 10:00:00 -0400

In this clip from our Wine & Wills virtual event on Sept. 1, Attorney Jenna Franks explains why Wills are important to have for everyone, and also which types of assets, which have their own beneficiary designations, supersede whatever may be written in a Will.

What to put into a Trust

Mon, 05 Oct 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges talks about what type of assets are generally best to put into a trust, and what specific assets that aren't advisable to put into a trust. He also touches on putting an investment account into a trust in which the principle is protected and irrevocable, but any income generated by it is able to be withdrawn.

Using a Revocable Trust to Avoid Probate

Sun, 20 Sep 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges explains the use of a revocable trust as a means of avoiding probate after the death of the trust owner. While some people may not want to put certain assets into an irrevocable trust, yet would still like to avoid the probate process, a revocable trust would accomplish this, although it doesn't offer asset protection in the same way that a irrevocable trust would.

What Happens When a Trustee Lives in Another State, and What About Inheritance Tax?

Sat, 19 Sep 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges explains what happens when a trustee, or trust manager, lives in a different state than the grantor, or the person who set up the trust. He also touches on which state's inheritance tax will apply if the trustee lives in a different state than the grantor. Long-Term Care Planner Kristin Daugherty also speaks about the importance of knowing which state a trust of governed under, for those people that may move into a new state after setting up a trust, since many states have different rules related to trusts.

Putting Land, Oil or Gas Royalties or Leases Into a Trust

Fri, 18 Sep 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges explains the process of putting a oil or gas royalty or lease into a trust, and also distinguishes the difference between the oil or gas itself, the lease, and the land that it sits under. Long-Term Care Planner Kristin Daugherty also notes the difference in value of leases that aren't currently producing anything as it relates to it being in a trust.

Adding New Assets to a Trust After it is Set Up

Thu, 17 Sep 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges talks about the process for adding assets - be it real estate, cash or other financial assets - to a trust after it was initially set up. Long-Term Care Planner Kristin Daugherty also adds a word of caution about adding assets, and possible penalties related to Medicaid eligibility to pay for long-term care costs, should additional assets be added to the trust. In short, it would be beneficial to consult an elder law attorney, such as us, before adding assets to a trust that has already been set up in order to hopefully avoid or minimize potential financial penalties down the road for doing so.

Paying a Trustee

Wed, 16 Sep 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges talks about the process for paying a trustee, both while the grantor is alive and after he/she has passed, the definition of "reasonable" as it relates to the payment for a trustee, challenging the amount of a trustee's payment, and the paperwork required.

Making Charitable Donations Before and After Setting Up a Trust

Tue, 15 Sep 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Long-Term Care Planner Kristin Daugherty discusses making charitable donations both prior to and after the establishment of a trust, and how that can affect eligibility for Medicaid to pay for the cost of long-term care. She also explains her work with clients and arguing before the Department of Human Services on behalf of clients regarding charitable contributions. Attorney Landon Hodges also discusses charitable contributions made from trusts.

Managing a Trust After it is Set Up

Mon, 14 Sep 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty talk about managing a trust after it is initially established. He discusses the payment that can be made to a trustee, or trust manager, how that can be either a family member or organization, such as a bank or other financial institution like a credit union, gifting from a trust, and administering it after the trust grantor has passed away.

Myth or Truth? The Facts that Affect your Second Half of Life

Thu, 10 Sep 2020 15:00:00 -0400

In today's digital world, information is plentiful and comes from a variety of sources. But how do you know if the information is accurate and reliable, especially when related to estate planning? In this episode, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty go through 14 common myths related to estate planning and elder law, and dispel them while also giving you the truth about each one and offering you true legal options in planning ahead for your second half of life. Among the topics discussed while dispelling these myths are: the most important estate planning document that everyone needs; the importance of naming trusted beneficiaries; types of trusts and effective trust administration; the five-year Medicaid look back period and other gifting rules; legal and financial strategies to protect your home from an estate recovery claim; and much more.

This is an audio recording of a virtual seminar originally presented on August 19, 2020. To review a video of this presentation, complete with PowerPoint slides, visit our YouTube Channel.

Planning for the Unexpected: An Intro to Comprehensive Estate Pre-Planning

Thu, 27 Aug 2020 10:00:00 -0400

Do you want to ensure that you can leave an inheritance to your spouse, children, other relatives, or your favorite charity? If the answer is yes, then you need to make sure that the assets you intend to pass down are protected from the cost of long-term care, which is nearly $11K per month in Pennsylvania in 2020. In this episode, an audio recording of a virtual seminar originally held on Aug. 5, 2020, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty discuss the planning strategies associated with leaving an inheritance, and the steps you need to take to ensure your estate is protected.

To view a video of this presentation, complete with PowerPoint slides, visit https://www.youtube.com/watch?v=9nB3sEz89Po

The Advantages of Pre-Planning vs. Crisis Planning

Fri, 21 Aug 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty talk about the advantages of pre-planning for a potential health crisis rather than waiting for such an event that may require long-term care before beginning the process of estate planning or long-term care planning. They also discuss why you may not want to just transfer ownership of your home to an adult child or other family member.

This is the seventh and final podcast in a series of brief informational audio clips taken from this same event, which have been dropped on this podcast channel one per day for seven straight days from Aug. 15-21, 2020.

If you'd like to attend our next Wine & Wills Virtual Happy Hour on Sept. 1, 2020, from 4-6 pm, register online using the link below, call 1-800-351-8334 or email info@paeldercounsel.com.
https://www.paeldercounsel.com/register-for-a-seminar

What Happens After a Trust is Set Up?

Thu, 20 Aug 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty briefly explain what happens after a trust is set up to protect assets from the cost of long-term care. Who manages it and how are assets added or subtracted from it after it is set up and the owner is still living is covered.

This is the sixth in a series of seven brief informational audio clips taken from this same event, which will be dropped on this podcast channel one per day for seven straight days from Aug. 15-21, 2020.

If you'd like to attend our next Wine & Wills Virtual Happy Hour on Sept. 1, 2020, from 4-6 pm, register online using the link below, call 1-800-351-8334 or email info@paeldercounsel.com.
https://www.paeldercounsel.com/register-for-a-seminar

If interested in additional, more specific information about trusts and their use, check out these earlier podcast episodes or find them on the respective podcast platform you're using:

S1, E2 - What's in Your Pot O' Gold? Trusts & Estate Planning https://www.buzzsprout.com/977197/3349987-what-s-in-your-pot-o-gold-trusts-estate-planning

S1, E13 - The Asset Protection Trust
https://www.buzzsprout.com/977197/4869251-the-asset-protection-trust

How do Wills & Trusts Work Together

Wed, 19 Aug 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges briefly discusses how Wills and Trusts are used in conjunction with one another in estate planning, why they should be congruent in listing the individual's intentions, and what happens if there is a conflict between what is specified in them (which there won't be if our office handles them!).

This is the fifth in a series of seven brief informational audio clips taken from this same event, which will be dropped on this podcast channel one per day for seven straight days from Aug. 15-21, 2020.

If you'd like to attend our next Wine & Wills Virtual Happy Hour on Sept. 1, 2020, from 4-6 pm, register online using the link below, call 1-800-351-8334 or email info@paeldercounsel.com.
https://www.paeldercounsel.com/register-for-a-seminar

If interested in additional, more specific information about trusts and their use, check out these earlier podcast episodes or find them on the respective podcast platform you're using:

S1, E2 - What's in Your Pot O' Gold? Trusts & Estate Planning https://www.buzzsprout.com/977197/3349987-what-s-in-your-pot-o-gold-trusts-estate-planning

S1, E13 - The Asset Protection Trust
https://www.buzzsprout.com/977197/4869251-the-asset-protection-trust

All About Trusts (in under five minutes)

Tue, 18 Aug 2020 11:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges gives a very brief and general overview of trusts and their use, and dispels the myth that they're only for high net worth individuals (they're not!).

This is the fourth in a series of seven brief informational audio clips taken from this same event, which will be dropped on this podcast channel one per day for seven straight days from Aug. 15-21, 2020.

If you'd like to attend our next Wine & Wills Virtual Happy Hour on Sept. 1, 2020, from 4-6 pm, register online using the link below, call 1-800-351-8334 or email info@paeldercounsel.com.
https://www.paeldercounsel.com/register-for-a-seminar

If interested in additional, more specific information about trusts and their use, check out these earlier podcast episodes or find them on the respective podcast platform you're using:

S1, E2 - What's in Your Pot O' Gold? Trusts & Estate Planning https://www.buzzsprout.com/977197/3349987-what-s-in-your-pot-o-gold-trusts-estate-planning

S1, E13 - The Asset Protection Trust
https://www.buzzsprout.com/977197/4869251-the-asset-protection-trust

When Does a Power of Attorney Need to be Updated?

Mon, 17 Aug 2020 11:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty give some examples of when a Power of Attorney document should be updated. Powers of Attorney should always be periodically reviewed to ensure that the wishes of the individual are fulfilled in the event they are unable to make such decisions on their own.

This is the third in a series of seven brief informational audio clips taken from this same event, which will be dropped on this podcast channel one per day for seven straight days from Aug. 15-21, 2020.

If you'd like to attend our next Wine & Wills Virtual Happy Hour on Sept. 1, 2020, from 4-6 pm, register online using the link below, call 1-800-351-8334 or email info@paeldercounsel.com.
https://www.paeldercounsel.com/register-for-a-seminar

The Importance of Having and Reevaluating Powers of Attorney

Sun, 16 Aug 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Long-Term Care Planner Kristin Daugherty explains not only the importance of having a Powers of Attorney, but also the importance of periodically reevaluating what is in them to adapt to any unforeseen or expected changes in personal of family circumstances. She touches on potential consequences of not having a POA written correctly, including giving an example of one spouse becoming medically incapacitated and the other not being able to protect their jointly-held assets, such as a house, from the cost of medical care, if a financial POA isn't done correctly. At the end, Attorney Landon Hodges explains the process of what happens if you don't have a POA (or one that isn't done correctly), and the long, complicated and often expensive process of setting up a guardianship, which requires legal proceedings in a court of law.

This is the second in a series of seven brief informational audio clips taken from this same event, which will be dropped on this podcast channel one per day for seven straight days from Aug. 15-21, 2020.

If you'd like to attend our next Wine & Wills Virtual Happy Hour on Sept. 1, 2020, from 4-6 pm, register online using the link below, call 1-800-351-8334 or email info@paeldercounsel.com.
https://www.paeldercounsel.com/register-for-a-seminar

What Happens When You Die Without a Will?

Sat, 15 Aug 2020 10:00:00 -0400

In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges explains the process of what happens legally if you were to die without a Will.

This is the first in a series of seven brief informational audio clips taken from this same event, which will be dropped on this podcast channel one per day for seven straight days from Aug. 15-21, 2020.

If you'd like to attend our next Wine & Wills Virtual Happy Hour on Sept. 1, 2020, from 4-6 pm, register online using the link below, call 1-800-351-8334 or email info@paeldercounsel.com.
https://www.paeldercounsel.com/register-for-a-seminar

The Asset Protection Trust

Wed, 05 Aug 2020 17:00:00 -0400

If you're at or near retirement, or even if you still have a few handfuls of years to go, and you've built up even just a modest nest egg in preparation for your golden years, this is a podcast you'll want to listen to.

Perhaps you've completed basic estate planning documents like a Will and Power of Attorney (and if you haven't, we can help you with that!). But do you also have, or have you considered a trust to protect your assets against things like creditors after you pass or the cost of long-term care while you're alive? Statistically speaking, one in five people will need long-term care in their lifetime, the cost of which isn't cheap (nearly $11K per month in PA in 2020).

Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty give this comprehensive presentation on the asset protection trust and go over its purpose, how it is funded and administered. Believe it or not, trusts are and can be used by "normal," everyday people, and not just those with a certain level of wealth. Landon and Kristin discuss the need for trust and what it protects you from, how this trust differs from other types of trusts, how it protects assets, what taxes have to be taken into consideration when establishing the trust, and more.

This is an audio recording of a virtual seminar that was conducted on June 25, 2020. To view a video of the presentation, complete with PowerPoint slides, visit https://www.youtube.com/watch?v=wZmvtbxBlvc

Four Different Types of Powers of Attorney

Wed, 22 Jul 2020 16:00:00 -0400

Everyone needs to have a Power of Attorney, but did you know there are different types of POAs? In this brief presentation, Attorney Julie Steinbacher goes over the four different types of POAs and why each is important for anyone and everyone over age 18 to have, regardless of age.

If you'd like to complete your own Healthcare Power of Attorney, we are offering anyone that resides in Pennsylvania the opportunity to do so FREE OF CHARGE! Visit https://www.paeldercounsel.com/healthcare-poa-form?view=form to complete a free Healthcare POA in just minutes and have it emailed directly to your inbox automatically upon completion!

A video of this presentation, complete with PowerPoint slides, can be viewed here: https://www.youtube.com/watch?v=oZ2uNdDxYxQ

What's in Your Estate Planning Toolbox?

Wed, 08 Jul 2020 15:00:00 -0400

The right estate planning tools can help you meet your goals when it comes to preserving your assets for yourself and future generations, while saving time, money, energy and stress. In this episode, Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty take a look at some of these tools that will help anyone plan for their second half of life. Among several items, they discuss which documents everyone needs for estate planning, why a Power of Attorney may not be enough, beneficiary designations, advantages and disadvantages of transferring assets into a trust, special needs planning and ABLE accounts, and why pre-planning for long-term care costs provides the best options.

This is a recording of a virtual seminar originally presented live on June 10, 2020. View a video of this recording with PowerPoint slides at https://www.youtube.com/watch?v=jlXS6I-Ox7Y

How Your Business or Family Can Benefit in a Low-Interest Rate Environment

Thu, 25 Jun 2020 15:00:00 -0400

Interest rates were already pretty low at the beginning of 2020, and the COVID-19 pandemic has now pushed interest rates to record lows. How can a small business owner or individual take advantage of these interest rates? One way of doing so is a Grantor Retained Annuity Trust (GRAT). William Post of John G. Ullman & Associates leads a discussion about GRATs featuring Attorneys Julie Steinbacher and Landon Hodges of Steinbacher, Goodall & Yurchak, and Jason Nickerson, CFP® of John G. Ullman & Associates. If you've never heard of a GRAT or even if you have but don't know much about it, this is a perfect episode to listen to and see if one could benefit your family or business. Among the topics discussed are how to utilize and structure a GRAT for unique life events, how to optimize a GRAT after one maxes out their federal estate and gift tax exemptions, how family business owners can benefit from a GRAT as part of their succession plan, and how to strategically set GRAT terms for appreciating assets.

More information:
https://www.paeldercounsel.com/
https://jgua.com/

Legal Planning for Individuals with Special Needs & their Families

Tue, 09 Jun 2020 11:00:00 -0400

It is important for everyone to be prepared for what tomorrow brings, but this is especially true for individuals with special needs and their families, since these individuals may not have the ability to prepare on their own. In this episode, available exclusively on our podcast channel, Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty talk about what families with individuals with special needs should be aware of from a legal standpoint when planning for the future, and what they can do to ensure their family member with special needs is taken care of in the future and maximizes their benefits and assets. Topics discussed include differences between a power of attorney and a guardianship, a summary of wishes document, legal ramifications of an individual with special needs receiving an inheritance, and more.

If you have any questions after listening, or would like to schedule a FREE initial consultation to discuss your family's special needs planning (available by video or phone), please feel free to call our office at 1-800-351-8334.

What's New in Elder Law in 2020 - Part 1

Fri, 08 May 2020 14:00:00 -0400

Attorneys Julie Steinbacher and Landon Hodges discuss some of the recent changes to the laws affecting those in their second half of life, with a focus on policies that could affect estate and wealth protection planning. Trusts, retirement benefits, the SECURE Act, the CARES Act and other statues and policies that deal with IRAs, 401(k)s, and other retirement plans are the primary focus of this seminar. These changes are important for all current and future clients to know about if they wish to safeguard their financial futures. This is a recording of a virtual seminar presented exclusively to our firm's current clients on April 21-22, 2020, and is now being made available to anyone interested.

To view a video of the presentation, complete with PowerPoint slides, visit https://www.youtube.com/watch?v=djeyr4E7Bro

A Conversation on End-of-Life Choices

Mon, 27 Apr 2020 16:00:00 -0400

In this recording of a virtual seminar presented on April 16, 2020 in conjunction with National Healthcare Decisions Day, Attorney Julie Steinbacher of Steinbacher, Goodall & Yurchak, and Dr. Alexander Nesbitt, geriatrician at UPMC Susquehanna, discuss the importance of making end-of-life preferences known to your family and healthcare professionals. Are you aware that when the time comes, 50% of people are physically or mentally unable to make their own end-of-life decisions? It is essential that your family and health care professionals know your preferences and values about these important decisions. Dr. Nesbitt discusses things from a healthcare professional's point of view, while Julie goes over the legal perspective.

Access the free Health Care Power of Attorney document (available for any resident of Pennsylvania) referenced during the seminar here: https://www.paeldercounsel.com/healthcare-poa-form?view=form

View the entire presentation with PowerPoint slides at https://youtu.be/a1BqgusgE0Y

Managing a Healthcare Crisis

Wed, 01 Apr 2020 17:00:00 -0400

A fall, stroke, dementia diagnosis or unexpected illness could create an unexpected need for rehab or nursing home care. This episode, featuring the firm's founder Julie Steinbacher, will help you understand your options, get good care and protect your assets in such an event. Topics discussed include:

- Various ways and strategies to pay for long-term care
- What Medicare and Medicaid pay toward long-term care
- How to qualify for Medicaid to pay for long-term care while still preserving your assets
- The Medicaid five-year look-back period
- Options to save money even if a loved one is already in a nursing home
- The latest spousal protection rules
- Advantages of using a trust to protect assets
- Different types of Powers of Attorney
- How it works for a single person