Protecting Your Assets in a Litigious World [Episode 93]

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Attorney-CPA Joe Cordell and co-host Susan Arthur highlight how to protect your assets in a litigious world on this episode of ElderTalk with Joe Cordell. Joe discusses how corporations or other types of entities have methods of protection, in order to lower the risk of losing assets. He explains what joint tenancy by the entirety is and how it can affect lawsuits that can result in the loss of assets.

Joe also talks about how an insurance umbrella policy catches many of the risks that you can be liable for. He details the difference between reducing the risk and protecting against the risk, as well as explains the role that irrevocable trusts play in asset protection.

Joe also discusses how comfortable or uncomfortable the law is with uses of trusts, as well as how asset protection does not apply to those who anticipate oncoming liability issues. He also highlights the ins and outs of a self-settle trust and talks about the control and freedom that you may or may not have while utilizing asset protection.

Learning More About Kidneys and Kidney Disease [Episode 92]

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Attorney-CPA Joe Cordell and co-host Susan Arthur dive into the devastating impact that kidney disease has with Dr. John Arthur, Director of Nephrology of the University of Arkansas for Medical Sciences and Susan’s brother-in-law. They discuss the shocking statistics surround kidney disease and break down what dialysis is and the types of dialysis there are.

Dr. John Arthur also talks about what kidney tests identify, as well as the risk factors that increase the likelihood of contracting kidney disease. He highlights the type of proteins that also increase the risks surrounding chronic kidney disease.

He talks about the role that the gut microbiome plays in the development of chronic kidney disease, as well as the need of finding a treatment for chronic kidney disease. Dr. John Arthur also touches on transplants and discusses the functionality of the kidney and how it affects your overall health and wellness.

Building Your Team for Planning Your Future [Episode 91]

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Attorney-CPA Joe Cordell and co-host Susan Arthur break down the role of an elder law attorney, on this week’s episode of ElderTalk with Joe Cordell. They highlight the uncertainty that the future includes and how having a plan in place, created by an experienced elder law attorney can help put your mind at ease. They talk about how proper planning can help protect your life’s work and how building your team of experienced professionals in respective planning fields can be beneficial in deciding your future.

Joe discusses how a financial advisor, a medical care manager, a geriatric care manager, an individual that you would give durable Power of Attorney to, a spiritual advisor of some sort, and an elder law attorney can make for a complete team that assists you in making decisions regarding your future.

Joe also explains the vague boundary that exists between an elder law attorney and an estate planning attorney, as well as the need for having an elder law attorney who is opinionated.

Learning More About Conservatorship and Guardianship [Episode 90]

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Attorney-CPA Joe Cordell and co-host Susan Arthur discuss the tools that are available if or when you have dementia or some type of cognitive issue as you get older and you require specific care. They highlight this issue through the lens of the case of Kise and Larry Davis, as featured in the AARP magazine. They discuss how Larry had been taking care of his stepmother, Kise, from a distance until she changed her Power of Attorney to give power to a trusted friend, a handyman, in the area.

They discuss how a guardianship would have impacted the situation and how a guardianship can affect the level of care that the elder in need requires. Joe uses this opportunity to highlight the difference between a conservatorship and a guardianship, as well as talks about how a Guardian Ad Litem can impact this type of situation for all involved.