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    Take Steps Now to Avoid Probate Troubles

    elder couple happily sitting together

    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

    eldercaredev December 3, 2019July 9, 2020 Elder Law Read more

    Be Aware of Special Tax Advantages for Senior Citizens

    Be Aware of Special Tax Advantages for Senior Citizens

    The painful annual process of completing your taxes is daunting at any age, and it often does not get much easier as you leave your working years behind. The woes of tax season for senior citizens can be compounded by

    eldercaredev February 19, 2019July 9, 2020 Elder Law Read more

    3 Steps to Take When Your Child Reaches Age 18

    Parents waving to their daughter as she walks away

    If your child has reached the teenage years, you already may feel as though you are losing control of his or her life. This is legally true. Once your child reaches the age of 18, the state considers your child

    eldercaredev July 6, 2018July 9, 2020 Elder Law Read more

    New Federal Law Puts Focus on Preventing Elder Abuse

    gavel, Cordell Planning Partners

    A new federal law is designed to address the growing problem of elder abuse. The law supports efforts to better understand, prevent, and combat both financial and physical elder abuse. The prevalence of elder abuse is hard to calculate because

    eldercaredev June 13, 2018July 9, 2020 Elder Law Read more

    Recognizing Elder Abuse

    elder man sitting with his hands crossed over his forhead

    [vc_row][vc_column][vc_column_text]Seniors already have a lot to face. As they age, they have to deal with limitations, financial issues related to the supplementing of their income during their retirement years, medical issues that can limit mobility and force them to take

    eldercaredev June 12, 2018July 9, 2020 Elder Law Read more

    The Importance of Having an Estate Plan

    elder couple sitting on the grass smiling at each other

    Sometimes, effective reminders are necessary to motivate the vital, but procrastinated decisions essential for planning for the future, and the month of May provides a number of good reminders, particularly for senior adults. May is National Stroke Awareness month. According

    eldercaredev May 16, 2018July 9, 2020 Asset Protection, Elder Law, Estate Planning Read more

    Preparing Your Heirs For The Transition Of Your Estate

    businessman, Cordell Planning Partners

    Estate planning is essential in preparing for your future. However, it is equally as essential to prepare your heirs for the transitioning of your estate into their ownership. Many seniors do not make this a priority when planning for the

    eldercaredev January 15, 2018July 9, 2020 Elder Law, Estate Planning, Trusts, Wills Read more

    Recent Posts

    • Planning Retirement With Deferred Gratification [Episode 131]

      Planning Retirement With Deferred Gratification [Episode 131]

      January 4, 2020
      Attorney-CPA Joe Cordell and co-host Jill Albers break down the fundamental elements to planning for …Read more
    • Understanding Electronic Wills [Episode 130]

      Understanding Electronic Wills [Episode 130]

      December 28, 2019
      Attorney-CPA Joe Cordell and co-host Jill Albers discuss the innovations and intricacies involved in electronic …Read more
    • Receiving Skilled Care at Home [Episode 129]

      Receiving Skilled Care at Home [Episode 129]

      December 21, 2019
      Attorney-CPA Joe Cordell and co-host Jill Albers are joined by Ann Layden and Laura Adams …Read more

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    How to Responsibly Leave an Inheritance – EP. 39 – Life’s Third Act
    by TuckerAllen

    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.

    How to Responsibly Leave an Inheritance – EP. 39 – Life’s Third Act
    How to Responsibly Leave an Inheritance – EP. 39 – Life’s Third Act
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