Tag Archive for: COVID-19

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).

Understanding the Economic Impact of the Coronavirus [Episode 142]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Peter Lazaroff, CIO, CFA, CFP of Plancorp, as they discuss the financial and economic implications of the Coronavirus pandemic. They talk about Peter’s background and what Plancorp does (4:30). Peter explains the impact that the Coronavirus has had on the United States market (5:01) and how the economy in both Italy and China have processed this pandemic in different stages (7:50).

Joe and Peter discuss what “flattening the curve” means (9:57), as well as possible “peaks” that we may see affecting the country from an economic perspective, including the possibility of a recession (13:55). Joe and Peter discuss the impact that existing debt has on the economic forecast. (20:00). Peter explains what he is telling his clients during this time of economic uncertainty (26:37) and how important looking at your financial plan is right now (29:25).

Peter talks about what he tells many of his clients who are over the age of 70 during moments of economic uncertainty in the market (32:00), as well as advanced estate planning strategies that many use to help them in the market. (35:35).