Looking Into Medicaid Planning [Episode 154]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by TuckerAllen attorney Teresa Yao to highlight the importance of financial planning for long-term care through Medicaid, on this episode of ElderTalk with TuckerAllen.

They describe the qualification process of qualifying for Medicaid and emphasize the ability that you have, in protecting your life’s work for your loved ones while still being able to afford long-term care and provide funds for a healthy spouse.

Teresa dives into the laws surrounding Medicaid and how they affect an estate after someone dies, as well as the look-back period and the possible penalties associated with it.

Teresa breaks down what an irrevocable trust is and what it is used for. She and Joe details the rules and regulations associated with an irrevocable trust, as it relates to maintaining Medicaid eligibility and allowing you to live in the house, even if you choose to place it in the irrevocable trust.

Joe explains what annuities are and the criteria to have one. He also talks about how Medicaid is calculated in Missouri and what the income level qualifications are in the state.

Exploring Patient Care Amid COVID-19 [Episode 153]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by Ann Warren, Chief Nursing Officer of Encompass Health, and Mark Dwyer, CEO of the Rehabilitation Institute of St. Louis, to discuss the challenges that COVID-19 has created for their patient care.

They highlight many of the various health elements that still are present amid the pandemic, as well as the learning curve that has developed, in terms of how to care for patients with COVID-19.

Ann and Mark highlight the facilities and services that each of their institutions offer, and they talk about the population vulnerability of their respective facilities.

They talk about COVID-19 testing and the availability of tests. Ann and Mark both talk about how their facilities had to convert to all-private rooms for a time, before reverting back to semi-private once the number of COVID-19 cases went down.

Mark describes the relationship between his facility and the experienced medical professionals at Washington University. He and Ann both talk about how we, as a country, have not gone through the first wave of COVID-19 and share their thoughts about a second wave of the virus.

Having Confidence in Your Estate Plan [Episode 152]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by TuckerAllen attorney Teresa Yao to discuss estate planning and elder law mechanisms that you need to have in place, in order to maintain confidence with your future plans.

Teresa emphasizes the importance of having a plan in place and how the COVID-19 pandemic has acted as a reminder of it. She describes how personal the estate planning process can get and how dedicated estate planning and elder law attorneys are at connecting those personal stories with the outlined goals of the desired estate plan.

She emphasizes the importance of having the tough conversations regarding estate plans and who gets appointed to do what function. Teresa cautions against giving the same levels of responsibilities to the same people and how that may be counterproductive to decision-making within an estate plan.

Joe and Teresa explain what an institutional trustee is and how it can function in estate planning. Teresa also explains the ins and outs of probate and how it authenticates a will and allows assets to pass.

The Next Steps Amid COVID-19 [Episode 151]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by Dr. John Morley from St. Louis University’s Division of Geriatric Medicine to discuss the next steps that people need to take, as the St. Louis area begins to reopen amid COVID-19.

Dr. Morley emphasizes the importance of wearing a mask and protecting those vulnerable and elderly from public exposure. He also highlights recent CDC results regarding a viral and antibody test of COVID-19.

Dr. Morley also shares his thoughts on the effects that the recent protests, in the wake of Minnesota resident George Floyd’s alleged murder, may have on the COVID-19 pandemic. He emphasizes how St. Louis County may require additional testing, especially within nursing homes.

He advises seniors against visiting the area casinos that are reopening, as well as the benefits of wearing gloves. Dr. Morley also talks about the effects that COVID-19 has on muscle health, the brain, and the lungs.

Navigating the Investment Market Amid COVID-19 [Episode 150]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by financial advisor John Gallia of Gallia Wealth Management to discuss the impact of the pandemic on financial planning.

They highlight the economic highs and lows of the COVID-19 pandemic and how they have affected financial planning. They talk about different industries and how they have been impacted, as well as whether or not we should anticipate another economic downturn, as the result of another spike of COVID-19.

John breaks down the economic impact of the pandemic on the value of the dollar, as well as how the stimulus package has functioned in helping the economy.

He breaks down how interest rates have been affected and whether or not investments in assets with high inflation rates are smart moves right now.

John helps explain the current state of the bond market, as well as the housing market and the benefits of selling in today’s real estate market.