Do you want to ensure that you can leave an inheritance to your spouse, children, other relatives, or your favorite charity? If the answer is yes, then you need to make sure that the assets you intend to pass down are protected from the cost of long-term care, which is nearly $11K per month in Pennsylvania in 2020. In episode 21 on the Second Half of Life podcast, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty discuss the planning strategies associated with leaving an inheritance, and the steps you need to take to ensure your estate is protected.
This episode is a recording of a virtual seminar originally held on August 5, 2020, and this and other episodes of the Second Half of Life podcast can be accessed 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 and Castbox.
By Kristin Daugherty
Long-Term Care Planner, Certified Medicaid Planner™, Certified Dementia Practitioner and recognized as a NCCDP Certified Alzheimer’s Disease & Dementia Care Trainer.
Think about a time when you felt so passionate about something that you couldn’t wait to learn more about it and jump right into implementing it. Was it eating healthy or exercising more? Taking your education to the next level? Or maybe it was learning to fly an airplane. We all have different skill sets and different things that we are passionate about and I want to share with you my most recent passion: creating a dementia-friendly firm.
I was fortunate enough to recently be acknowledged as a Certified Dementia Practitioner (CDP) through the National Council of Certified Dementia Practitioners (NCCDP). While going through the intensive training, I realized that there is so much more that we can be offering our communities. I took it a step further and in January of this past year I traveled to Tempe, Arizona, to be recognized as a NCCDP Certified Alzheimer’s Disease and Dementia Care Trainer, along with other leading elder law firms throughout the Country. What an awesome experience!
Not only was the training so enlightening in ways to help front line workers dealing with persons with dementia, a lightbulb was switched on in my brain to figure out what we can be doing within our firm to help our staff and clients be better able to handle persons with dementia and their families.
Episodes 14-20 of Second Half of Life Podcast are Short Episodes, 1-8 Minutes Long, on Different Elder Law Topics
A series of seven short episodes ranging in length of just over a minute to just under nine minutes make up Episodes 14-20 of the Second Half of Life Podcast. The series of brief episodes are excerpts from a virtual happy hour event, "Wine & Wills," originally held on July 22, 2020, featuring Attorney Landon Hodges and Long-Term Care Planner Kristin Daugherty. In this short series, Landon and Kristin discuss what happens if you die without a will, a few specific topics relating to Powers of Attorney and trusts, and advantages of pre-planning for long-term care costs as opposed to waiting until a crisis hits.
Links to each individual episode are below, and they can also 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 and Castbox.
Episode 14 - What Happens When You Die Without a Will
Episode 15 - The Importance of Having and Reevaluating Powers of Attorney
Episode 16 - When Does a Power of Attorney Need to be Updated
Episode 17 - All About Trusts (in under five minutes)
Episode 18 - How do Wills & Trusts Work Together
Episode 19 - What Happens After a Trust is Set Up?
Episode 20 - The Advantages of Pre-Planning vs. Crisis Planning