Attorney-CPA Joe Cordell and co-host Susan Arthur discuss the issues surrounding the possibility that we may find ourselves alone at the end of our lives. They talk about the historical and cultural events that have caused this to occur within the societal family dynamic, as well as life care and how vital planning is to the aging process.
Joe talks about the importance of picking someone with good character and good judgment when choosing them as your durable Power of Attorney. He highlights the benefits of utilizing a trust and talks about the charitable options that you have, if you choose to give a gift to a charitable organization as you get older or after you die.
Joe details the ins and outs of the gift giving process and how it impacts taxes. He also talks about what may be involved from a legal standpoint if you have a pet that outlives you and how you can create a trust in the state of Missouri for your pet.