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Planning for Your Second Half of Life

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  • "What I liked best about Steinbacher, Goodall & Yurchak was the wonderful staff, the warmth and caring. Putting up with my
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Steinbacher, Goodall & Yurchak, an elder law firm with offices in Williamsport and State College, Pa., has launched a new podcast channel as well as a newly-named and rebranded podcast. The newly rebranded podcast is named "Second Half of Life Podcast," and it 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.

New episodes can be accessed on the Steinbacher, Goodall & Yurchak website, as well as on Apple Podcasts, Spotify, and TuneIn + Alexa. Additional podcast directories will also be added in the coming days and weeks. 

The first episode is titled "Managing a Healthcare Crisis." Firm founder Julie Steinbacher talks about options for people to get good care and protect their assets in the event of an unexpected health care crisis such as a bad fall, stroke, dementia diagnosis or other unexpected illness that creates an unexpected need for rehab or nursing home care. 

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.).

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