Contemplating Aging in Place [Episode 127]

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Attorney-CPA Joe Cordell and co-host Jill Enders focus their discussion on the on-going debate of aging in place vs. moving to a facility or community that offers amenities and care options. They highlight an article from the Wall Street Journal that details the financial investment that has been made in creating these facilities and communities

The post Contemplating Aging in Place [Episode 126] appeared first on Cordell Planning Partners.

Navigating Family Dynamics in Estate Planning [Episode 126]

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Attorney-CPA Joe Cordell and co-host Jill Enders discuss the legal ramifications of having estate planning documents in place. Joe describes the role of the attorney and how they go about creating a comprehensive estate plan that reflects the wishes of the client.

They talk about clients who may have a controlling kid who wishes to manage the situation. Joe and Jill highlight how there are situations where the controlling kid’s intentions are pure and situations when they are not. Joe dives into the burden of proof in proving undue influence and also describes a case involving a $3 million estate involving children disputing decisions involving estate planning documents. Legal actions and appeals still are occurring in the case.

Then Joe and Jill are joined by online editor and roving reporter Dan Pearce to discuss a case occurring in Florida, where an administrative assistant of a skilled nursing facility in Florida was arrested for misusing the funds of a patient, of whom she was their agent with a Power of Attorney in place.

Managing Your Finances Responsibly As You Get Older [Episode 125]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by Wealth Advisors and Certified Financial Planners Todd Oetken of R.W. Baird, to talk about the money issues that seniors and their families often face when it comes to retirement and long-term care.

Todd highlights the concerns surrounding the use of the principle when the market is on a decline, what the four percent rule is, the importance of asset allocation, and the vitality of saving money over the years.

Joe and Todd discuss why many find themselves working at age 75 and how they could have benefited from sound saving strategies. Todd also tells stories about clients that are forced to start over, due to poor financial decisions that do not pay out.

They discuss the physical limitations that exist when someone is looking for a job later in life and how important paying off debts and mortgages. Todd emphasizes the importance of accounting for insurance and long-term care expenses when doing the financial math that shapes your future. Joe highlights the importance of seeking out the advice of a financial planner as you age.

Then Joe and Jill are joined by online editor and “roving celebrity reporter” Dan Pearce to discuss the successful pre- and post-retirement investing strategies of former Boston Celtics guard John Havlicek.

Financing In-Home and Long-Term Care Needs [Episode 124]

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Attorney-CPA Joe Cordell and co-host Jill Enders discuss the financial aspect of planning for in-home and long-term care, on this episode of ElderTalk with Joe Cordell. They highlight a survey by Genworth Financial regarding the cost of care, and Joe and Jill dive into the numbers, which breakdown by state.

The survey details the monthly costs of in-home care, community and assisted living, and nursing home facilities, and Joe and Jill dive into how each type of care interacts with qualifying for Medicaid, which can allow you to qualify for the care you need.

Joe and Jill talk about familial and emotional impact of having professionals assist in the needs of seniors. They discuss how recommendations for health care professionals and companies can be beneficial in the decision-making process.

Then Joe and Jill are joined by online editor and “roving reporter” Dan Pearce to discuss the issues surrounding the estate of Oscar nominated writer and director John Singleton. They detail his death, his mother’s conservatorship and executorship, his will, his children, and more.

Learning More About Rehabilitative Care [Episode 123]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Ann Warren and Mark Dwyer, of the Rehabilitation Institute of St. Louis. They talk about the challenges that seniors face when injured, as well as their journey regaining their health and eventually making their way back to their respective homes.

They highlight their locations and how the support services that patients may require can change, depending on the status of their health. Ann and Mark detail how Barnes Jewish Hospital home health services work with the Rehabilitation Institute of St. Louis to provide care, even after patients leave the facility.

Ann and Mark talk about easy Medicare is to work with, in terms of in-patient rehabilitative care and also highlight how total hip or knee replacement is no longer covered on an in-patient basis at their facility.

They all detail how ailments like a broken hip are no longer as grim of a prognosis as it once was and how important making adjustments to rehabilitative exercise program can be for seniors experiencing pain from rehabilitative exercises.