Avoiding Power of Attorney Mistakes [Episode 97]

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Attorney-CPA Joe Cordell and co-host Susan Arthur highlights cautionary tales of celebrities and notable figures who have made mistakes in planning for the future. They talk about how these individuals’ care and finances went wrong before they died, due to the lack of protection and planning for the uncertainty of the future.

Joe and Susan talk about the importance of trusting the person that you give agency of your well-being in your Power of Attorney and weighing the pros and cons of choosing a child or family member, considering whether or not they have good judgment and will look out for your best interests.

They talk about the cases surrounding Hollywood actress Brook Astor, radio personality Casey Kasem, astronaut Buzz Aldrin, author Harper Lee, Marvel Comics great Stan Lee, and businessman Sumner Redstone. Joe breaks down the types of Powers of Attorney and when they would take effect, as well as the oversight that Powers of Attorney need, in order to prevent problems while incompetent.

Joe highlights the benefits of having a trust and how important designating a trigger and trustee is to the protection of your assets.

Leaving This World Alone [Episode 96]

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Attorney-CPA Joe Cordell and co-host Susan Arthur discuss the issues surrounding the possibility that we may find ourselves alone at the end of our lives. They talk about the historical and cultural events that have caused this to occur within the societal family dynamic, as well as life care and how vital planning is to the aging process.

Joe talks about the importance of picking someone with good character and good judgment when choosing them as your durable Power of Attorney. He highlights the benefits of utilizing a trust and talks about the charitable options that you have, if you choose to give a gift to a charitable organization as you get older or after you die.

Joe details the ins and outs of the gift giving process and how it impacts taxes. He also talks about what may be involved from a legal standpoint if you have a pet that outlives you and how you can create a trust in the state of Missouri for your pet.

Making Balanced Financial and Estate Planning Decisions Part 2 [Episode 95]

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Attorney-CPA Joe Cordell and co-host Susan Arthur are rejoined by last week’s guests, Wealth Advisors and Certified Financial Planners Todd Oetken and Grant Roberts, both of Hilliard Lyons, a Robert Baird Company. They talk about their background in Certified Financial Planning and how the qualifications of your Certified Financial Planner can help shape the way you plan for the future.

They highlight the reasons why you need to weather small losses when investing, as well as listening to your Certified Financial Planner’s advice regarding what you do with your money. Todd talks about many of the questions that Certified Financial Planners ask their clients regarding their goals, what they wish to do with their money, and how they wish to protect their assets moving forward.

Joe also asks Todd about the type of employees at Hilliard Lyons and how their certifications and financial experience can benefit the plans for the future for a client.

Making Balanced Financial and Estate Planning Decisions Part 1 [Episode 94]

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Attorney-CPA Joe Cordell and co-host Susan Arthur are joined by Wealth Advisors and Certified Financial Planners Todd Oetken and Grant Roberts, both of Hilliard Lyons, a Robert Baird Company, as they detail the difficulties that elders face as they get older, through the lens of Joe’s late aunt. They highlight many of the areas where having a financial planner benefited her after her husband passed away and how they became a critical component of the elder care process for her.

Todd and Grant discuss with Joe and Susan the fees attached to financial planning and the various services associated with working with seniors. They also explain what a family office is and how much money that it takes to pursue that option. Joe emphasizes emulating the family office model within the constraints of your budget and resources, and Todd and Grant explain how you set up your estate can play a factor in doing so. They emphasize the need for having a Power of Attorney, health care Power of Attorney, and living will, as well as making changes to your home ahead of time, such as changing your bathroom or getting a lift for your stairs. They state that accomplishing your “bucket list” and doing what you want to do in your life while you are healthy is something that you should do, instead of living in the same state of worry over finances that you once lived in.