Articles - ElderCare Law

Understanding the Rising Costs of Long-Term Care

The uncertainty of the future can be a scary thing. As you get older, your body and your finances change, affecting every facet of your life and creating the need to make sure that you have a plan in place, should anything unforeseen occur.

Understanding Trusts

When you create a trust, you are creating an asset. You are utilizing resources, in order to protect the financial interests of yourself or your designated loved ones. Depending on the type of trust, you can find yourself shaping your estate and your future.

4 Asset Protection Strategies

Asset protection can certainly be complicated and confusing, especially for those with larger estates. However, there are straightforward steps that can be taken to protect property against potential future creditors, lawsuits and other unforeseen circumstances.

Planning Retirement With Deferred Gratification [Episode 131]

Attorney-CPA Joe Cordell and co-host Jill Albers break down the fundamental elements to planning for retirement. They highlight the importance of making responsible financial choices throughout your life, in order to create the assets necessary for a comfortable retirement. They

Understanding Electronic Wills [Episode 130]

Attorney-CPA Joe Cordell and co-host Jill Albers discuss the innovations and intricacies involved in electronic wills. They currently exist in the state of Florida, and given the prevalence of esignatures, this digital innovation adds convenience to the state planning process.

Receiving Skilled Care at Home [Episode 129]

Attorney-CPA Joe Cordell and co-host Jill Albers are joined by Ann Layden and Laura Adams of Premiere Home Health in St. Charles, Mo., to discuss the at-home alternative of entering in skilled care facility for treatment, their backgrounds, and their

The Importance of Medicaid Planning

When planning for your future, it is vital that you think about your health and possible outcomes that put your health at risk. While you may be healthy now, that quickly can change in the future, and you need to

The Changes in Saving for Retirement [Episode 128]

Attorney-CPA Joe Cordell and co-host Jill Albers discuss many of the changes that have occurred in the economy and how it affects the methodology of saving money and planning for retirement. They dive into the various forms of benefits that

Appreciating the Functions of a Trust [Episode 127]

Attorney-CPA Joe Cordell and co-host Jill Albers navigate the ins and outs of trusts. They talk about the different perspectives that exist among clients who feel that a more detailed estate plan would be “controlling from the grave” versus clients

Take Steps Now to Avoid Probate Troubles

Abraham Lincoln once said, “You cannot escape the responsibility of tomorrow by evading it today.” So, are you surprised to learn that our 16th president—who also was an accomplished lawyer–died without a will? Lincoln is just one of many famous

Contemplating Aging in Place [Episode 126]

Attorney-CPA Joe Cordell and co-host Jill Albers focus their discussion on the on-going debate of aging in place vs. moving to a facility or community that offers amenities and care options. They highlight an article from the Wall Street Journal

Power of Attorney Gives Agency With Expedience, Reflecting Your Wishes

No one wants to think about a future, where they are unable to make decisions for themselves. No one wants to think about other people watching them incompetent and unable to decide for yourself how to proceed with your care,

Navigating Family Dynamics in Estate Planning [Episode 125]

Attorney-CPA Joe Cordell and co-host Jill Albers discuss the legal ramifications of having estate planning documents in place. Joe describes the role of the attorney and how they go about creating a comprehensive estate plan that reflects the wishes of

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ElderTalk with TuckerAllen

ElderTalk podcast offers smart strategies for seniors and an open forum for older adults with important questions about their future.

Attorney-CPA Joe Cordell discusses the dangers of leaving behind an inheritance that the recipient receives access to all at once.

Mr. Cordell discusses the case of the NXIVM cult in which two of the cult’s members were the recipients of a family fortune at the age of 18, which led to increased involvement in the cult.

Mr. Cordell uses the story to illustrate the importance of responsible estate planning. If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

The post How to Responsibly Leave an Inheritance – EP. 39 – Life’s Third Act appeared first on Joseph E. Cordell.