Second Half of Life Podcast Steinbacher, Goodall & Yurchak

It’s important to identify and understand what assets are going to pass directly to a child with special needs and if those assets will adversely affect his or her ability to qualify for certain government benefits. The sooner we can get a handle on things, the better off our child with special needs will be in the future. 

In this recording of a virtual seminar originally presented in June 2023, Attorney Megan Ingram and Brian S. Young, CFP®, ChSNC®, give a rundown of some of the things that families with a child with special needs should consider, and also answer the following questions and more: 

- Who will act as guardian or custodian of my child after my life?
- How can Life Insurance provide a benefit to an estate plan?
- Why you should review any existing plan periodically to make sure it’s still in good order & current with the law
- Funding a Special Needs Trust – what assets should you consider?
- Key differences between a 1st Party Special Needs Trust, 3rd Party Supplemental Needs Trust & a Pooled Trust
- What is an ABLE account & Summary of Our Wishes?
- Recent law updates, tax implications & so much more!

The presenters can be reached at the following:
Brian.Young@fpgroupllc.net
mingram@paeldercounsel.com 

To schedule an initial consultation with our law firm, email info@paeldercounsel.com or call 1-800-351-8334 and be sure to reference this podcast episode.

This presentation was originally for tax and accounting professionals, but is now being made available for all. In it, Attorney Julie Steinbacher discusses some of the things that clients will need to consider - with the proper legal guidance of course - from an inheritance tax perspective when doing their estate planning this year. Changes to applicable laws that are upcoming are also discussed. 

This episode is the full, uncut version of three previous episodes on trusts that were divided up and released in three separate parts.

Protect more of your wealth and provide a legacy for future generations. Learn how you can establish a financial readiness plan today that accounts for the healthcare challenges of tomorrow. If you've ever thought about setting up a trust, or wondering how one works (there are many different types), then this video is for you. In it, Attorneys Julie Steinbacher and Megan Ingram answer the following questions and much more:

- How does a trust offer asset protection from the costs of nursing home care?
- Why does it matter if a trust is revocable or irrevocable?
- Can my spouse or family still access any and all funds placed inside a trust?
- Do you have to be "rich" or have multiple investment accounts to benefit from a trust?
- What situations are common for using a trust - pros and cons?

To view a video of this presentation, visit our YouTube channel. 

This episode is a recording of a webinar originally presented to current clients of our firm and professionals, which we're now making available to everyone. In it, Attorneys Julie Steinbacher and Landon Hodges go over in detail some of the changes brought about by the passage of SECURE 2.0, which was signed into law on Dec. 29, 2022. SECURE 2.0 is a continuation of the original SECURE Act, which became law in December 2019. Both pieces of legislation are primarily designed to increase and facilitate access to retirement savings and lower employers' costs of offering and funding retirement plans, but they also have several provisions that could affect individuals' estate planning. Even though most of the SECURE 2.0 provisions aren't effective until 2024 or later, the time to plan is NOW!

If you would like to schedule an initial consultation with our firm to begin your estate planning, visit ChatwithSGY.com to book a free introductory information gathering session. 

So you've set up a trust, either specifically to protect assets from long-term care costs, to avoid probate, or for some other reason specific to your individual circumstances. Now what? How is it administered, both during your life and after you pass away? In this episode, a partial recording of a virtual seminar originally held live in January 2023, Attorney Julie Steinbacher goes over some considerations of why you might want to set up a trust based on how it works after it is set up, goes over some hypothetical scenarios on how it would work if you set up a trust and then need long-term care, discusses when might be an appropriate time to set up a trust, and then summarizes what to expect should you come into our firm for an initial consultation. She also answers a few more questions from the attendees of this seminar.

To schedule your initial consultation, visit ChatwithSGY.com, email info@paeldercounsel.com, or call 1-800-351-8334. The initial information gathering session is generally done by phone, and the initial consultation can be done either in-person, by phone or video conference.

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Request a free copy of the book referenced at the end of the seminar, "Don't Write a Blank Check to the Nursing Home."

In this episode, a partial recording of a virtual seminar originally held live in January 2023, Attorneys Megan Ingram and Julie Steinbacher conduct a Q&A session with attendees of the seminar, answering a variety of questions posed by the group related to trusts. If you had some questions after listening to our previous episode on trusts (link to that episode is below), perhaps they were some of the same questions that are answered in this episode.

If you have any further questions or would like to schedule an initial consultation with our office to get started with your individualized estate plan, give us a call at 1-800-351-8334 or email info@paeldercounsel.com.

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