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.