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.
Trusts and Wills
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.
Things to Keep in Mind When Transferring or Selling Property
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.
What Happens if You Don't have a Power of Attorney?
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.
The Importance of Having Estate Planning Discussions with Family
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.
What is a Mental Health Power of Attorney?
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.
Financial Fire Drill™ w/Brooks Stahlnecker
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.