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Second Half of Life Podcast
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Second Half of Life Podcast

Author: Steinbacher, Goodall & Yurchak

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This podcast explores the many issues and topics related to elder law - the wide range of legal matters affecting people in their second half of life and individuals with disabilities. Produced by Steinbacher, Goodall and Yurchak: Your elder care and special needs law firm, providing quality representation in litigation, with locations in Williamsport and State College, Pa. Visit our website at PAElderCounsel.com.
112 Episodes
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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. 
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 the future. Learn what action steps are necessary to avoid becoming paralyzed by this mind-erasing disease. It’s a race against time! In this episode, a recording of a virtual seminar originally presented on July 14, 2021, Attorney Jenna Franks, Long-Term Care Planner Kristin Daugherty and Specialized Care Planner Holly Reigh provide answers to top questions about legal, tax, financial, and care concerns. They also talk about how to maintain control of your life, assets, and decision-making, provide connections to emotional and psychological support services, give tips on ways to prevent caregiver stress and much more. To view a video of this presentation, complete with PowerPoint slides, visit our YouTube channel. The strategy sessions referenced at the end of the presentation are always free and are always available to anyone interested. To schedule one, visit ChatwithSGY.com, call 1-800-351-8334 or email info@paeldercounsel.com. 
The only things certain in life are death and taxes. End-of-life decisions are inevitable. Sooner or later, we all will be faced with this troublesome task. In this episode, a recording or a virtual seminar originally presented on July 8, 2021, Attorney Brittany Smith helps you discover how a comprehensive team approach to estate planning can make a difficult time much more manageable for your family, and allow you to have you say even after you pass away. Among the items discussed are how to ensure your wishes are followed, what happens to your "stuff" if you don't have a will (you should!), is there really a reading of the will at the attorney's office, why it's not uncommon for an estate to take two years to settle, and why you may need to probate, and why this is NOT a terrible thing. To view a video of this presentation, complete with PowerPoint slides, visit our YouTube channel (and why not also subscribe while you're there). 
Let's say you own a property (home, vacation property, farm, etc.) jointly with another person, such as a sibling or other family member, or even someone you're not related to. Now, you need nursing home care. Can you be required to sell your portion of the property to generate funds to pay for your long-term care? In this short podcast episode, Long-Term Care Planner Kristin Daugherty gives the answer to this question - and it's not one you might want to hear if this applies to you (or could in the future). The good news is such a situation is preventable with proper advanced planning. Give us a call at 1-800-351-8334 to start your planning. 
In this very brief podcast episode, Long-Term Care Planner Kristin Daugherty answers this simple question of whether or not you should put an annuity from which you're already receiving distributions into a trust if you establish one while doing estate planning. She also explains something else important that needs to be done with regards to an annuity if you're planning to qualify for Medicaid to pay for long-term care. 
What are the consequences of not doing any estate planning? Well, you can roll the dice and maybe you won't have any problems. But with an average of 1 in 5 adults needing some type of long-term care in their lives, why tempt fate? Basically, if you require long-term  care, whether it's in a nursing home or even some type of in-home care, and you haven't done good estate planning, things could get very dismal, and your assets could disappear in a relatively short time frame. In this podcast episode, Long-Term Care Planner Kristin Daugherty talks about what can happen if you wait until you need long-term care to do your estate planning. 
"I don't need to worry about having estate planning documents. When I pass I'm fine with whatever the default arrangements are for my estate." If this statement describes how you or someone you know thinks about estate planning, you might want to think again. Did you know that if you pass away without a will, it isn't your spouse that necessarily receives your entire estate? There can also be unnecessary inheritance tax  consequences if you allow Pennsylvania's default estate plan to take effect for your estate. In this short podcast episode, Attorney Jenna Franks explains exactly what happens in Pennsylvania if you pass away without a will and proper estate planning documents. Make sure your estate goes to where you want it, and not where Pennsylvania dictates. Give us a call at 1-800-351-8334 and as long as you live in PA, we'll get you started with a basic estate plan. 
This episode is a rebroadcast of a show that aired as part of Elder Care Radio on WRSC 1390 AM in State College during 2020-21. It was produced by Forever Media. In this episode, the final in this series from Elder Care Radio, Attorney Jenna Franks and Long-Term Planner Kristin Daugherty answer some of the top questions they get from clients regarding long-term care. Specifically, this includes what are the different types of long-term care and what they entail, and how to pay for them (there are several different options). If you or a loved one may need long-term care in the future, or even if you don't anticipate it but would like to protect yourself from the cost of it down the road should something come up that is not anticipated, this is an episode for you. 
Just like the classic game show, we took a poll on how best to avoid family feuds. The top survey answers are on the board, and they all indicate peace of mind comes from properly planning ahead. In this episode, Attorney Megan Ingram-French and Long-Term Care Planner Kristin Daugherty will help get your family to the "fast money" bonus round and help you discover things like why it is important to name more than one agent on your Power of Attorney, legal documents that are critical, how you ensure your children are taken care of after you pass, asset protection strategies to keep your home safe from creditors, why a trust might make sense for your family, and more. This is an audio recording of a virtual seminar originally presented on June 23, 2021. To see a video of this presentation,  complete with PowerPoint slides, visit our YouTube channel. 
This episode is a rebroadcast of a show that aired as part of Elder Care Radio on WRSC 1390 AM in State College during 2020-21. It was produced by Forever Media. In this episode, Attorney Jenna Franks and Long-Term Planner Kristin Daugherty discuss what needs to be done, if it hasn't already, if and when someone has an unexpected medical emergency that results in a need for nursing home care or some other type of assisted living, including in-home care. This type of care can be expensive, and without proper planning, either in advance (ideally) or in a crisis type of situation, it can quickly exhaust whatever assets and financial savings that person and his/her family may have. If you know someone in this situation or would like to avoid a crisis should it ever happen to you or a loved one, this is the perfect episode for you. 
This episode is a rebroadcast of a show that aired as part of Elder Care Radio on WRSC 1390 AM in State College during 2020-21. It was produced by Forever Media. In this episode, Attorney Jenna Franks and Long-Term Planner Kristin Daugherty introduce the concept of estate planning to those that may be new to it or unfamiliar, and they go over some of the top concerns that people may have, and some of the top issues that arise in their everyday work of helping clients plan for their second half of life. 
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