Attorney-CPA Joe Cordell and co-host Susan Arthur caution the hazards surrounding forms on this episode of ElderTalk with Joe Cordell. They discuss the importance of planning for your future, and not just after you die, as well as the consequences of choosing a more inexpensive and convenient method of estate planning, as opposed to meeting with an elder law attorney.

Joe navigates the ins and outs of a testamentary trust, a beneficiary deed, and a payable on death provision. Susan tells a cautionary story of someone who utilized a form for his estate planning, forgot purchased stocks, and it ended up costing his loved ones after his death.

Joe emphasizes making your trust a beneficiary, in order to move assets into the trusts. He describes what you, as the client, are entitled in your estate planning documents and how they meet your unique priorities. Joe also highlights the importance of having a springing Power of Attorney.

Podcast: Play in new window | Download | Embed

Subscribe: Apple Podcasts | RSS

Attorney-CPA Joe Cordell and co-host Susan Arthur are rejoined by last week’s guests, Wealth Advisors and Certified Financial Planners Todd Oetken and Grant Roberts, both of Hilliard Lyons, a Robert Baird Company. They talk about their background in Certified Financial Planning and how the qualifications of your Certified Financial Planner can help shape the way you plan for the future.

They highlight the reasons why you need to weather small losses when investing, as well as listening to your Certified Financial Planner’s advice regarding what you do with your money. Todd talks about many of the questions that Certified Financial Planners ask their clients regarding their goals, what they wish to do with their money, and how they wish to protect their assets moving forward.

Joe also asks Todd about the type of employees at Hilliard Lyons and how their certifications and financial experience can benefit the plans for the future for a client.

Podcast: Play in new window | Download | Embed

Subscribe: Apple Podcasts | RSS

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.

Podcast: Play in new window | Download | Embed

Subscribe: Apple Podcasts | RSS