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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)
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. 
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. 
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. 
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. 
Trusts and Wills

Trusts and Wills

2022-01-1913:48

In this episode, an excerpt from a virtual happy hour event in November 2021, Attorney Chris Bradley and Long-Term Care Planner Tammy Zilske talk all about trusts and wills, and provide some basic information about both. This includes what each are, what generally gets put into a trust and how it is funded, how certain assets get moved into a trust, assets that usually aren't able to be moved into a trust, who controls a trust, how a will works and things to keep in mind when drafting your own. They also discuss differences between a will and a trust, estate tax issues, and also touch a few estate administration pointers. 
Transferring or selling property to family members (or non-relatives), or making future plans to do so, particularly real estate but not necessarily limited to that, is generally a major part of estate planning. Generally speaking, the main goal in doing so for many people is to pass such property to desired beneficiaries in the most tax-efficient (cheapest) way possible. What's the best way to do so? Well, it depends on your unique situation and goals, and what's right for one person may not be the best option for someone else. However, there are a few things that everyone should keep in mind when making plans to transfer or sell property as part of a larger estate planning process. In this brief episode, an excerpt from a virtual happy hour event in November, Attorney Chris Bradley and Long-Term Care Planner Tammy Zilske discuss what everyone should consider in general when transferring and selling properties. 
In this brief episode, an excerpt from a virtual happy hour Q&A event held last month, Attorney Chris Bradley and Long-Term Care Planner Tammy Zilske summarize what happens if someone doesn't have a Power of Attorney, and they are unable to make their own financial or healthcare decisions. They also discuss who could serve as someone's POA if an individual doesn't have any close or trusted family members willing or able to do it. In short, as uncomfortable as it may be to think about or plan for, such situations are almost always made worse if someone doesn't have a POA, so take just a little time and have a POA done before a crisis happens. Give us a call at 1-800-351-8334 and let us help you get started. 
As people gather with their family and loved ones for the holidays, that can sometimes be a place where discussions about estate planning occur. In this brief episode, an excerpt from a virtual happy hour event held November 17, 2021, Attorney Chris Bradley and Long-Term Care Planner Tammy Zilske discuss why it is so important to have these types of discussions with your loved ones before a crisis hits. For addition insight into this difficult but necessary subject of having the estate planning conversation with your family, check out this earlier podcast episode from last year featuring Long-Term Care Planner Kristin Daugherty and Specialized Care Planner Holly Reigh. 
In this brief episode, an excerpt from a virtual happy hour event on Nov. 17, 2021, Attorney Chris Bradley and Long-Term Care Planner Tammy Zilske explain what is a mental health Power of Attorney, how it works, how it gets renewed, and what happens if the person it covers isn't able to renew it due to incapacitation. 
Is it time to sound the alarm on your family's financial safety? In the case of a fire, a well thought-out plan can make all the difference between a safe escape and tragedy. But did you know that fire drills can also be utilized to save your family's financial future? In this episode, we're joined by Brooks Stahlnecker, financial advisor and president of the Stahlnecker Group, an education and motivational speaking firm based in Milton, Pa., that specializes in educating and motivating clients to create a custom plan that will act as a safety net for the protection of their financial health. Brooks discusses his Financial Fire Drill™ and how this helps prepare his clients for all they may face in their second half of life, while Attorney Brittany Smith discusses what people need to consider from a legal standpoint in making sure their estate affairs are in order. Visit ChatwithSGY.com to schedule a free strategy session with one of our attorneys. 
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.
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. 
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. 
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 future care. Learn what action steps are necessary to avoid becoming paralyzed by this mind-erasing disease. In this episode, an audio recording of a virtual seminar originally presented in August 2021, Attorney Brittany Smith, Long-Term Care Planner Tammy Zilske and Specialized Care Planner Holly Reigh reveal answers to top questions about legal, tax, financial and care concerns; how to maintain control of your life, assets and decision-making; emotional and support services; ways to prevent caregiver stress; and valuable connections to make a difficult time more manageable. Here is the link to the Alzheimer's Support group that was referenced during the presentation: https://alz-org.zoom.us/j/97660015247?pwd=UUhBTytrNGg0OUE3R1dpbW1jRmkvZz09#successTo schedule a free strategy session, visit ChatwithSGY.com or call 1-800-351-8334. To view a video of this presentation, complete with PowerPoint slides, visit our YouTube channel. 
Don't let financial frets frazzle your thoughts and prevent you from getting a restful night's sleep! If you are concerned about how you will make ends meet should you or a loved one need care in a nursing home or assisted living community, then it might be time to tackle the elephant in the room. Stop wasting time worrying and start putting a written plan into place! In this episode, an audio recording of a virtual seminar originally presented in August 2021, Attorney Brittany Smith and Long-Term Care Planner Tammy Zilske discuss the value of pre-planning before a health crisis strikes, gifting guidelines under the five-year look back period, reviewing options for Medicaid eligibility, how to prevent the nursing home from confiscating everything that you own and ways a trust can be beneficial in protecting a lifetime of hard work. To view a video of this presentation, complete with PowerPoint slides, visit and subscribe to our YouTube channel. 
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