Second Half of Life Podcast

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.

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."

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

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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.

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)