We all want to stay home for as long as possible, even after a health care crisis or dementia diagnosis. The good news is that there are programs available to keep the ones you love at home without going broke in the process. However, navigating the process is overwhelming and sadly, many individuals end up in a nursing home before the process is complete.
At Steinbacher, Goodall & Yurchak, we are always surprised how few people know about the Community Healthchoices (CHC) Waiver program (previously the Aging Waiver program or the PDA Waiver program). CHC Waiver is a program designed to keep individuals – age 60 and over – in their homes as an alternative to skilled nursing home care. These services include home health services (caregivers), specialized medical equipment, meals, personal emergency response systems, and even home modifications.
Working with a knowledgeable Certified Medicaid Planner™ is the first step when applying for in-home care. The application process is time consuming and requires advocacy to ensure your application is completed in a timely manner. A Certified Medicaid Planner™ can expedite the process and eliminate frustrations.
Alzheimer's is one of several forms of Dementia, and a diagnosis of such can devastate an individual's of family's finances, not to mention having an emotional or several other tolls on the family. But, it doesn't have to be this way. In episode 9 of the Second Half of Life podcast, "If the Diagnosis is Dementia," Attorney Brittany Smith and Long-Term Care Planner Tammy Zilske talk about the numerous community resources that are out there and available for both an individual that receives such a diagnosis, as well as the family and caretakers. They also discuss caregiving tips, answers to top questions about legal, tax, financial and care concerns, how to access government benefits to help pay for care, and much more.
This episode is an audio recording of a virtual seminar originally presented on June 3-4, 2020. 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.
After listening to this podcast, if you're interested in learning even more about this subject, you can download a free electronic version of You're Not Alone, Living with Dementia, written by our firm's founding shareholder, Julie Steinbacher. We'd also be happy to mail you a free hard copy of this book. You can request one by calling 1-800-351-8334.
Low Interest Rates and How Small Businesses and Individuals Can Benefit From Them in Estate Planning Featured in Podcast Episode 8
Episode 8 of the Second Half of Life Podcast is now available. In this episode, titled "How Your Business or Family Can Benefit in a Low-Interest Rate Environment," Attorneys Julie Steinbacher and Landon Hodges, and Jason Nickerson, CFP®, from John G. Ullman & Associates, discuss Grantor Retained Annuity Trusts (GRATs), an estate-planning tool that can be used for taking advantage of low interest rates. It can be utilized for either business owners or individuals/families. Among the topics discussed are how to utilize and structure a GRAT for unique life events, how to optimize a GRAT after one maxes out their federal estate and gift tax exemptions, how family business owners can benefit from a GRAT as part of their succession plan, and how to strategically set GRAT terms for appreciating assets. William Post of John G. Ullman & Associates moderates the discussion.
This episode is an audio recording of a virtual seminar originally presented on June 9, 2020. 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.