Attorney Julie Steinbacher, the owner and founding shareholder of Steinbacher, Goodall & Yurchak, has been named a fellow of the American College of Trust and Estate Counsel (ACTEC). The ACTEC is a national organization of more than 2,500 attorneys and law professors that are peer-elected to membership. Members are called "fellows," and they represent the best and brightest in the trust and estate practice, with years of experience representing and advising individuals and families.
Julie, who is also a Certified Elder Law Attorney (CELA) through the National Elder Law Foundation, joins Attorney Amos Goodall as a fellow in the ACTEC. Julie and Amos are two of only 96 attorneys in Pennsylvania to be ACTEC fellows, and are two of only five attorneys in ACTEC from the northeast and north central portion of Pennsylvania ranging from the Poconos and west through the State College area. They are also the only ACTEC fellows in both the greater Williamsport and State College areas.
A series of clips from another virtual happy hour event originally held on Sept. 1, 2020 and featuring Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty make up episodes 33-39 of the Second Half of Life Podcast. This series of seven episodes, ranging in length from just over a minute to just over 15 minutes, deal primarily with long-term care planning topics. These topics include giving a home to a child or other beneficiary for $1 (which our firm does not recommend in most cases), the importance of wills and what types of assets generally aren't covered in them, why retirement accounts generally shouldn't be put in trusts, qualifying for Medicaid to pay for long-term care costs and more.
Links to each individual episode are below, and they can be found, along with all other episodes of the Second Half of Life Podcast, on the Steinbacher, Goodall & Yurchak website, as well as on several podcast directories. The podcast is also available on most podcast platforms, including Apple Podcasts, Spotify, TuneIn + Alexa, iHeartRadio, Stitcher, Podcast Addict, Google Podcasts, Podchaser, Deezer, Listen Notes, Bullhorn, Overcast, Pocket Casts, Castro, Castbox, Podfriend, Player FM, and Podcast Index.
Episode 33 - Why are Wills important and what types of assets generally aren't covered in Wills?
Episode 34 - Should I give my house to my child for $1
Episode 35 - Why not put IRAs and other retirement accounts into a trust?
Episode 36 - All about Powers of Attorney (in under 10 minutes)
Episode 37 - Qualifying for Medicaid to pay for long-term care costs
Episode 38 - Putting investment account into a trust
Episode 39 - Levels of long-term care
Julieanne E. Steinbacher, Esq., CELA*, founding partner and shareholder of Steinbacher, Goodall & Yurchak, and Jenna L. Franks, Esq., recently published the 2021 Supplement to the Pennsylvania Trust Guide. This guide is used as a handbook for attorneys, trustees, and their advisors and was produced by George T. Bisel Company, Inc.
The supplement to the guide contains important law updates concerning trust and tax law and features an analysis of brand-new cases relating to trust creation and administration. Other highlights include an overview of the types of charitable trusts and how to incorporate them as a planning tool for clients, a discussion about the Tax Cuts and Jobs Act of 2017, drafting tips for legal practitioners in the area of trust and estate planning, sample forms and letter templates used for trust funding, an overview of supplemental needs trusts, differences between grantor/non-grantor and revocable/irrevocable trusts, case studies involving irrevocable trusts in Medicaid and long-term care planning, effective uses of trusts to achieve desired tax planning goals, and much more.