Second Half of Life Podcast

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...

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 d...

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 Kris...

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'...

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...

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. 

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...

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...

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 tru...

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,...

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 m...

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 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 h...

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...

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...

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...

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...

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 als...

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 Pennsy...

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...

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 Steinbach...

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...

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 se...

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%...

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 to...