Disaster Recovery Plan – Life’s Third Act

/in , /by

Subscribe: RSS

Attorney-CPA Joe Cordell and co-host Jill Enders discuss the importance of having a disaster recovery plan in place in the event of a sudden emergency.

Many people do a great job of planning for a gradual loss of health, but often overlooked is having a plan for an unexpected catastrophic event that leaves you incapacitated such as a heart attack or car accident. Mr. Cordell and Ms. Enders review key concerns such as what is needed to grant legal authority to whoever you want making important decisions swiftly and honestly; how to grant access to critical online information such as website passwords; how to handle potential banking and brokerage issues; making sure debts and recurring expenses are paid appropriately; important information to organize regarding other significant assets such as real estate, savings accounts, annuities and cash value life insurance; and more.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

What Blended Families Should Know About Estate Planning – Life’s Third Act

/in , /by

Subscribe: RSS

Jill Enders is joined by TuckerAllen estate planning attorney Nina Windsor to discuss estate planning for blended families.

Ms. Windsor discusses the challenges of estate planning for blended families, the importance of updating estate plans after marriage or divorce, whether you should have a joint trust with your spouse or individual revocable trusts, the importance of not relying on your spouse or child’s stepparent to carry out wishes for your biological children, the circumstances when your trust should become irrevocable if you have a joint trust, the role of a power of attorney, whether or not it is best to have biological children or stepchildren serve as trustees, who should serve as a trustee in a blended family situation, how to plan for the possibility that your surviving spouse will remarry, and more.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

Celebrating the Career of Richard Mark – Life’s Third Act

/in , /by

Subscribe: RSS

Jill Enders is joined by Richard Mark, Chairman and President of Ameren Illinois, to discuss his career and recent decision to retire.

Mr. Mark, who has had a distinguished 20-year career in the energy sector and 45 years of business and civic leadership, recently announced his intention to retire on Aug. 1, 2022. He discusses his reasons for retiring, what he will miss most about his job, what made him shift his career from hospital administration to the energy sector, career highlights, the biggest challenges faced in his career, retirement plans, advice for his successor, and more.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

Retiring in an Unstable Economy – Life’s Third Act

/in , /by

Subscribe: RSS

Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Brenton Dearing, Certified Financial Planner and Founder and President of Wealth Ambassadors, to discuss retiring in 2022 in the midst of an unstable economy.

Mr. Dearing discusses the Federal Reserve’s recent decision to raise interest rates by three-quarters of a point, whether he thinks we are heading for a recession, recommendations for retirees during this time, whether he recommends delaying retirement, how to reassess risk tolerance, maximizing tax-advantaged retirement savings, the benefits or rolling over a 401(k) to an IRA, whether to delay retirement if you encounter unexpected debt, signing up for Medicare and other healthcare benefits, and more.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.