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.

Exploring Home Health Services During COVID-19 [Episode 149]

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Attorney-CPA Joe Cordell and co-host Jill Enders discuss different types of responses to the Coronavirus (COVID-19) pandemic across the United States. They also talk about Sweden’s health response, in juxtaposition to this country.

Afterward, they are joined by Premier Home Health CEO Ann Laiden, as they discuss Premier Home Health’s services and how they assist seniors.

Ann talks about her and her company’s response to the COVID-19 pandemic, as well as how Medicare has taken it upon themselves to emphasize the role of a nurse in senior health services.

She describes the skilled needs that patients require, in order to qualify for Medicare’s coverage, as well as how Medicare has responded to the pandemic, in relaxing requirements for homebound coverage.

Ann describes the boutique experience of Premier Home Health and how they personalize a health plan for each patient. She also talks about the mental health services that they provide via video conferencing and telephone.

Balance of Life and Estate Planning During COVID-19 [Episode 148]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by TuckerAllen attorney Teresa Yao, to discuss so many of the health risks associated with those vulnerable to the Coronavirus (COVID-19).

They talk how physical conditions and temperaments play a factor in contagion levels around the United States, as well as around the world. Joe, Jill, and Teresa highlight issues around the state and country, where companies are opening up their workplace.

The group discusses the impact that COVID-19 has had on Americans around the country, including unemployment, closure of companies, and possible mutations of the disease.

They describe how estate planning and long-term care planning instill balance to your life. Teresa dives into her process of building an estate plan, from both an asset and philosophical perspective. She highlights the importance of planning for the possibility that you may become incompetent.

Joe and Teresa dive into the process of constructing a durable Power of Attorney, including choosing an agent, choosing successor agents, and forming end-of-life decisions.

Navigating the COVID-19 Financial Market [Episode 147]

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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 break down how the Coronavirus (COVID-19) pandemic has affected the practice of financial planning.

Todd talks about his interactions with clients and how the shelter-in-place orders have affected his clients (2:30), as well as how the market has impacted clients (3:55). He describes his feelings toward the pandemic and the emotional and social impact of it, from his client’s perspective (6:26) and navigates the complicated situation for those living paycheck-to-paycheck during the economic downturn of the pandemic (13:25).

He also explains the difference between an IRA and a Roth IRA (20:43), as well as long-term investments that are worth considering in a post-Coronavirus pandemic world (24:47). Todd breaks down what an ETF is (26:24) and why increasing one’s contribution to their 401K plan, if you have a stable job and have continued working throughout the pandemic, is a good idea (31:09).

Navigating Financial Planning During COVID-19 [Episode 146]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by wealth manager Louis Wray, of Vine Wealth Management, to discuss the impact of the Coronavirus (COVID-19) pandemic on financial planning.

They talk about the current financial planning mindset amid the pandemic (4:53), as well as the consequences of dipping into your retirement early when you have financial concerns during this uncertain time (8:38).

Louis describes the type of impact that the current COVID-19 financial landscape will have on those looking to retire (16:18), as well as how the Cares Act affects seniors and those looking to retire (26:31).

He highlights why United States taxes likely will increase in the future (27:20) and describes the process of how you will be receiving the money that you will be getting through the Cares Act (30:33). Louis also talks about how filing your 2019 tax return may affect this process (31:41).

The Application of Estate Planning During the Coronavirus Pandemic [Episode 145]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by TuckerAllen attorney Teresa Yao, to talk about the application of estate planning, as it relates to the current Coronavirus (COVID-19) pandemic.

They talk about the importance of having your estate planning documents in place, so that decisions can be made on your behalf, in case of your incapacitation (3:29).

Teresa highlights what can happen if you do not have your estate plan in place (12:24). Jill describes the challenges that seniors who do not have family members face during this difficult time (19:48).

Teresa talks about how the current state of unemployment and how that may affect your ability to hire an attorney for estate planning (26:18), as well as how to avoid probate (32:47).

She breaks down what trusts do, in protecting your assets for your loved ones and how important they are in an estate plan (34:24). Teresa also talks about the deal that TuckerAllen is offering for a complimentary durable Powers of Attorney during the pandemic (38:25), as well as a deal for listeners of ElderTalk with TuckerAllen (41:58).

Learning More About the Coronavirus [Episode 144]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Dr. John Morley, of St. Louis University’s Division of Geriatric Medicine, to break down the Coronavirus (COVID-19) pandemic, as it relates to the most vulnerable: seniors and those with compromised immune systems.

He talks about the differences between the current pandemic and past epidemics (7:38), as well as lifestyle suggestions for seniors, as they remain vulnerable to the Coronavirus (9:24). They all discuss the impact that isolation-inspired mental health problems may have on physical health, such as a rise in heart disease or diabetes (13:26).

Dr. Morley answers the question of whether or not St. Louis University is involved in any type of cure or vaccination efforts for Coronavirus (26:00) and also expresses caution when discussing the popularized existing treatments of hydroxychloroquine. (28:56).

Dr. Morley examines the advantages and disadvantages of the United States health care system, as opposed to many socialized forms of medicine in Europe or Asia (32:45).

Be Vigilant of Scams During the Coronavirus Pandemic [Episode 143]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by the Better Business Bureau’s Don O’Brien to break down all of the potential scams that seniors could be vulnerable to during the Coronavirus (COVID-19) pandemic.

Don highlights how scammers are utilizing the headlines of the news, in order to capitalize on the fear that the pandemic has inspired. He talks about how Facebook ads has become a primary medium for many of the scams (6:40), as well as the issues surrounding Missouri pastor Jim Baker, who made headlines for having guests on his show that were attempting to sell a false cure to the Coronavirus (8:26).

Don also dives into phone call scamming and how that has increased during these challenging times (13:00). He also reminds seniors of the grandparent scam (17:00), and the role that adult children play in taking care of elderly parents (21:35).

Afterward, Joe and Jill are joined by TuckerAllen attorney Teresa Yao to discuss some of the most important estate planning decisions that you can be making during this pandemic (31:00). She describes what a durable Power of Attorney is (35:25) and how important it is to be proactive in your decision-making both from a medical and financial perspective (42:50).