UPDATE (as of March 23, 2020):
The coronavirus pandemic has forced many businesses and organizations around the world to quickly change the way they operate over the course of just a few weeks or even days, and that certainly applies to us here at Steinbacher, Goodall & Yurchak. In order to comply with Governor Wolf's shutdown order of all non life-sustaining businesses, we are now operating remotely. So, while our physical offices in Williamsport and State College are closed, the firm remains open and here to serve you in your time of need, because we realize that your needs don't just stop because of a global pandemic.
All of our client appointments for the time being will be via phone or video conferencing. For those clients that already have an appointment scheduled, our office will be in touch with you about moving it to a phone or video conference or rescheduling.
We will also be offering some upcoming teleseminars, both live and recorded, that can be accessed via video or phone. The first such seminar will be on Thursday, April 2, from 1-2:30 p.m., and will be titled "What's in Your Pot 'O Gold: Trusts & Estate Planning 101. In this teleseminar, attendees will learn about the following:
Types of trusts and the process of trust funding
• The different use of Revocable and Irrevocable trusts
• How a trust can affect taxes and probate
• Planning around a disability with a Special Needs Trust
• Trusts that protect inherited IRAs
• Trusts that provide for future generations
• Documents that talk nice to each other
• The most important document everyone needs
• Planning to plan — when should you begin
By: Kristin Daugherty, Long-Term Care Planner, Certified Medicaid Planner™
I have read a few articles lately that are circulating the internet about living on a cruise ship or hotel instead of a nursing home. I’ll tell you, it’s an interesting concept – living in luxury, being waited on, and possibly traveling the world at the same time – why not?
In 2019, the average cost of a nursing home in Pennsylvania was $342.58 per day or $10,420.14 per month! I did some research of my own and the average nightly cost of a hotel in Pennsylvania is around $100. A cruise ship is a bit more with an average nightly cost of $150. For between $3,000 - $4,500 you can live your golden years traveling across the ocean or trying out different hotels. Sounds great, so what are we missing?
Julieanne E. Steinbacher, CELA*, was interviewed for a recent issue of The Elder Law Report, a trade association publication for elder law practitioners from across the country. During the interview, Julie discussed the aspects of a dementia-focused practice and why it’s important for elder law attorneys to recognize and meet the legal planning needs of dementia patients.
A dementia-focused practice will guide the client with Alzheimer’s disease or a related dementia through the disease’s stages, leaving no stone unturned. A comprehensive, team approach will plan for long-term care expenses, educate on behavioral interventions and how to combat caregiver stress, protect against financial exploitation, and utilize social workers who can connect the client with community resources. Examples of resources include books and educational brochures available through the Alzheimer’s Association’s website (www.alz.org) and the latest, innovative products that make life with Alzheimer’s disease or a related dementia more manageable (i.e. doorbell alerts, monitor bracelets, memory phones, etc.).