Understanding Electronic Wills [Episode 131]

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Attorney-CPA Joe Cordell and co-host Jill Enders discuss the innovations and intricacies involved in electronic wills. They currently exist in the state of Florida, and given the prevalence of esignatures, this digital innovation adds convenience to the state planning process. Joe highlights how maintaining locatable documents is an essential part of the process, after a will is drafted, as well as talks about the legislative efforts involved in instituting and regulating electronic wills.

Joe breaks down the formalities of execution for wills and how it can seem unnecessarily ceremonial. He highlights how attestation will play a factor in the execution of the will and how formalities will not necessarily go away. Joe and Jill also talk about the possibility of hackers attacking these electronic wills and how necessary protection of servers is going to be with these documents.

Joe emphasizes how a will should be a component, but not the center of a comprehensive estate plan, as well as how beneficial trusts can be in an estate plan.

Then, Joe and Jill are joined by roving celebrity reporter and online editor Dan Pearce, as they discuss lead singer of The Cars, the late Ric Ocasek and the issues surrounding his estate plan.

Receiving Skilled Care at Home [Episode 130]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Ann Layden and Laura Adams of Premiere Home Health in St. Charles, Mo., to discuss the at-home alternative of entering in skilled care facility for treatment, their backgrounds, and their recent Home Care Elite recognition as a home health agency.

They dive into the services offered by Premiere Home Health, the boutique experience, and the transportation options available to clients. Ann and Laura talk about how their care is covered 100 percent through Medicare, and highlight how qualifying for their particular care is entirely dependent on the unique needs of the patient.

They highlight the differences between skilled and unskilled services available through Premiere Home Health and talk about the concerns surrounding liability where recommendations of third party care outlets, or even returning home, are concerned. Ann and Laura strongly encourage seniors and those facing health issues to do their research, before making decisions that can affect your future.

The Changes in Saving for Retirement [Episode 129]

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Attorney-CPA Joe Cordell and co-host Jill Enders discuss many of the changes that have occurred in the economy and how it affects the methodology of saving money and planning for retirement. They dive into the various forms of benefits that an IRA and a 401K include and the differences between the two.

Joe also talks about the impact of the tax law that President Trump signed in 2018, and how it may impact an IRA or a Roth IRA. They also discuss the possibility of traveling and how being active in your retirement years can affect your funds.

By staying active, you can explore more of the world, but Joe and Jill both highlight the drawbacks of acquiring a part time job in your retirement years that may impede some of your activities or travels.

Joe and Jill also discuss the individuals who go into retirement with mortgages and how that can affect their retirement funds.

Then, Joe and Jill are joined by roving reporter and online editor Dan Pearce, who breaks down the investigation and estate plan issues surrounding Nathan Carman and his family.

Appreciating the Functions of a Trust [Episode 128]

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Attorney-CPA Joe Cordell and co-host Jill Enders navigate the ins and outs of trusts. They talk about the different perspectives that exist among clients who feel that a more detailed estate plan would be “controlling from the grave” versus clients who feel that it simply would be a parent looking out for their children.

Joe explains the differences between a revocable and an irrevocable trust, and he talks about the intricacies involved in the asset protection strategies involved in an irrevocable trust. He also talks about utilizing an irrevocable trust, in order to qualify for Medicaid.

Joe highlights the benefits of having a revocable trust, as well as the challenges associated with the probate process, including the schedule and the costs associated with the experience.

Joe and Jill discuss the possibility of challenging a will, as well as accusing a beneficiary of undue influence. They break down the responsibilities of a trustee and an executor. Joe also talks about how businesses are preserved by an executor, after the owner of a business dies.