Advice From Your Advocates

Summary
In this conversation, Bob Mannor, a certified elder law attorney, interviews Greg Kurinec, a certified financial planner, about financial planning for retirement. Bob and Greg discuss the importance of comprehensive financial planning, the role of a certified financial planner (CFP), and the value of professional designations. They also cover topics like retirement activities and identity, the shift from pensions to individual retirement accounts (IRAs), tax planning in retirement, the benefits of a Roth IRA, and the implications of the SECURE Act. 
Both Bob and Greg emphasize the importance of collaboration between financial advisors and estate planning lawyers to create a well-rounded retirement plan.

Takeaways

• Comprehensive financial planning is crucial for a successful retirement, encompassing aspects including but not limited to investments, estate planning, risk management, and tax planning.
• The CFP designation is important when choosing a financial advisor, as it signifies that the individual has undergone rigorous education and maintains up-to-date knowledge in various areas of financial planning.
• When planning for retirement, it is essential to consider how you will spend your time and create a new identity beyond work.
• Tax planning plays a significant role in retirement, and strategies such as Roth conversions and strategic withdrawals can help minimize tax liabilities.
• Collaboration between financial advisors and lawyers is crucial to ensure that all aspects of a client's retirement plan align and work together effectively.

Advice From Your Advocates is Hosted by Attorney Bob Mannor, CELA
Guest: Gregory Kurinec, MRFC
Executive Producer: Savannah Meksto
Assistant Producers: Miranda Donaldson | Andi Conner | Samantha Noah

Learn more about Mannor Law Group. 

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

This episode of Advice From Your Advocates Podcast is especially helpful for anyone concerned with financial security for a loved one with disabilities. Join host Attorney Bob Mannor as he discusses upcoming changes to the ABLE Act.

The ABLE Act (Achieving a Better Life Experience) is a program that provides financial support for individuals with special needs or disabilities who are on Medicaid or Social Security Disability. It allows for contributions to an ABLE account, which provides financial support without affecting disability or medical benefits.  In this insightful discussion, we navigate the nuances of providing financial support without endangering Medicaid or SSI benefits.  Hear about the increase in the age limit for eligibility and the empowerment of individuals with disabilities to create their own special needs trusts.

We also explore why the ABLE Act is a great option for families with children or grandchildren with special needs, as it allows for more flexibility in spending compared to a special needs trust.

This episode isn't just a rundown of facts; it's an essential resource for families and professionals seeking to maximize support for those with disabilities. 

Takeaways

• The ABLE Act provides financial support for individuals with special needs or disabilities on Medicaid or Social Security Disability.
• Contributions to an ABLE account do not affect disability or medical benefits.
• It is important to determine disability before age 26 to participate in the ABLE Act program, but changes may be on the horizon
• The ABLE Act allows more spending flexibility compared to a special needs trust. 

Host: Attorney Bob Mannor
Executive Producer: Savannah Meksto
 
Learn more about Mannor Law Group. 

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

Discover how to transform the journey of dementia care into one filled with compassion and expertise, as renowned geropsychologist, Dr. Natalie Edmonds from Dementia Care Blazers returns to our show to share her valuable insights in a conversation with our host, Elder Law Attorney Bob Mannor.  This episode promises to navigate you through the complexities of dementia and offer personalized strategies to uplift the lives of those affected. We unravel the heartwarming power of family-sourced knowledge and its crucial role in managing the challenges dementia may bring, such as a patient's love for Western movies becoming a key to mitigating aggressive behavior.

Dr. Natalie Edmonds illuminates the multifaceted nature of dementia, extending the conversation to include the impact on personality, behavior, and physical capabilities, not just memory. We tackle the less common forms, particularly frontal temporal dementia, highlighting how it can reshape family dynamics. Through transparent discussion, we expose common caregiving pitfalls and reframe our approach, emphasizing understanding and patience over correction – an insight that may just redefine how we support our loved ones.

But it's not all about the challenges. This episode also highlights the empowering elements of caregiving, focusing on the importance of self-care for those who give so much of themselves. We explore practical strategies for managing weighty responsibilities, from seeking help to adopting healthy lifestyles that may mitigate the risk of dementia. By the end of our conversation, you'll be equipped with an understanding of the role of lifestyle and environmental factors in dementia prevention, truly making this an episode that can't be missed by anyone touched by this condition.

Host: Elder Law Attorney Bob Mannor
Guest: Dr. Natalie Edmonds
Executive Producer: Savannah Mekso
Assistant Producer: Samantha Noah

Learn more about Mannor Law Group. 

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

Unravel the complexities of healthcare directives with the expertise of Kelli King-Penner and myself, Bob Mannor, as we guide you through the legal maze of ensuring your medical wishes are respected. This enlightening conversation promises to illuminate Michigan's unique patient advocate designation and why it might be a better alternative to a living will. We don't just scratch the surface; we delve into the nuances that distinguish the healthcare power of attorney from the financial and why having clarity in your legal documents can make all the difference during a medical crisis.

When it comes to making life-and-death decisions, many are unaware of the dance between autonomy and legalities, especially in emergent situations where DNR orders may not be straightforwardly honored. Our chat explores this sensitive terrain, underscoring the need for regularly updated healthcare directives that can keep pace with the evolving nature of health conditions like dementia. With Kelli's seasoned insights, we confront the reality that what's written on paper doesn't always align with the rapid decisions made in emergency responses.

Mental health considerations in legal documentation take center stage in our discussion, addressing an element that's too often neglected yet crucial for comprehensive healthcare planning. We dissect the legal safeguards that protect your decisions, even in the face of cognitive challenges such as those caused by various forms of dementia. Kelli provides advice on the meticulous execution required for healthcare power of attorney documentation, reminding us of the priceless value of expert legal guidance. This episode is an essential listen for anyone dedicated to safeguarding their healthcare journey or the journey of a loved one in the most legally sound and personally tailored way possible.

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

Uncover the secrets of the latest Michigan law changes with Bob Mannor and Kelli King-Penner.

Episode Highlights:
Bob and Kelli emphasize the significance of durable power of attorney, a document enabling individuals to manage financial assets on behalf of someone unable to do so themselves. The episode delves into the nuances of the recently passed law, set to take effect on July 1, 2024.

Insights and Takeaways:

1. Crucial Role of Durable Power of Attorney: They note the document's importance, especially regarding aging and potential challenges like dementia. 
2. Understanding the New Law: Kelli explains the intent behind the new law, part of the uniform power of attorney movement. It seeks to establish consistency and enforceability across states and financial institutions, addressing challenges elder law attorneys face under the old law.
3. The Good and the Bad: Bob and Kelli dissect the positive aspects of the new law, including uniformity and the introduction of an enforcement mechanism. They acknowledge potential challenges but stress the need for a functional and enforceable system for the benefit of individuals and their families.
4. Action Items for Listeners:  Kelli recommends updating power of attorney documents with a qualified attorney to align with the new law, ensuring functionality and compliance. The hosts stress the importance of separate financial and medical power of attorney documents, each governed by statutes.

Why Listen:

This episode serves as a comprehensive guide for individuals, families, and professionals dealing with elder care in Michigan. Bob and Kelli's expertise clarifies the evolving legal landscape, empowering listeners to make informed decisions about their affairs.

Tune in to "Advice from Your Advocates" for insights, actionable advice, and future discussions on vital topics related to elder law and estate planning. Subscribe today on your favorite podcast platform or visit our website to stay informed and empowered.

Host: Attorney Bob Mannor, CELA
Guest: Attorney Kelli King-Penner
Executive Producer: Savannah Meksto
Asst. Producer: Miranda Donaldson

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

Imagine navigating the holiday season with a loved one living with dementia. It's undoubtedly a heart-wrenching reality, yet it also presents an opportunity to connect more profoundly with your loved one. This is the focus of our earnest conversation with the mighty compassionate Elisa Bosley chaplain and founder of Spiritual Elder Care.

In this fascinating episode, host Attorney Bob Mannor and Elisa tackle the sensitive subject of including dementia patients in our family and religious traditions. Elisa brings her wealth of experience to the table, offering practical tips for planning ahead and embracing the situation with grace and empathy.
 
Bob and Elisa also discuss the significance of treating our loved ones with dignity during holiday celebrations and the art of creating a conducive environment for them, emphasizing the importance of slowing down and involving them in meaningful activities. We even delve into the logistics of handling guests with dementia respectfully and inclusively. 

As we go deeper, we also explore the art of managing agitation in dementia patients during religious services and celebrations. We offer advice on reading body language, implementing a buddy system, and establishing a calming ambiance.

This episode is more than just a reservoir of information; it's a catalyst for fostering an empathetic and informed community. So, join us on this journey of learning, growing, and connecting.

Host: Attorney Bob Mannor, CELA, CDP
Guest: Chaplain Elisa Bosley
Executive Producer: Savannah Meksto

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

Feeling the weight of caregiving? Curious about the signs of caregiver burnout and how to navigate them? Join us as we sit down with Danielle Chwalibog, a seasoned care planner and navigator at Mannor Law Group, who helps us sail through the tumultuous seas of caregiver burnout. Together, we unravel the emotional and physical toll it takes, particularly on spouses, and the necessity of separate spaces to prevent the emotional burden from creeping into your home. We delve into the dense fog of emotions caregivers often traverse - loneliness, anger, fear, and depression, highlighting the need to acknowledge and support them.

Venturing further, we pivot towards the unique challenges when caring for elderly loved ones with dementia. With Danielle’s valuable insights as our compass, we underscore the importance of understanding the disease, coupled with a healthy dose of patience and empathy. We raise the red flag on warning signs of caregiver burnout and stress the pressing need for education and support in caregiving roles. As we conclude our expedition, we touch upon the times when external care may be the lifeline necessary for the well-being of both the caregiver and the loved one. Soak in these valuable insights and guidance on managing the physical and emotional demands of caregiving. This is a conversation you won't want to miss.

Host: Attorney Bob Mannor
Guest: Danielle Chwalibog, MSW
Executive Producer: Savannah Meksto

Learn more about Mannor Law Group. 

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

Ever wondered how the system could impose penalties on you for simply caring for your loved ones? Prepare to have your eyes opened by Amy Persails, Planning Services Director at Mannor Law Group. Amy brings her vast experience in handling Medicaid cases to this discussion, revealing how the state of Michigan imposes penalties on families seeking in-home care for their elderly relatives. We unravel the intricate web of rules, the hoops one has to jump through, and strategies to protect your assets while still qualifying for Medicaid.

We don't just talk theories, we bring you real-life stories. One such is that of Betty Jensen, a Michigan resident penalized for paying for in-home care with the intention of staying in her own home for as long as she could. We delve into the impact of Betty's case and how it brought about a change in the state's rules. The second part of our discussion focuses on the complexities of Medicaid care contracts and the pivotal role of legislative advocacy in this context. Through our conversations, we aim to light your path as you navigate the convoluted maze of Medicaid and elder care.

Advice From Your Advocates is brought to you by Mannor Law Group, PLLC

Host: Elder Attorney Bob Mannor, CDP
Guest: Amy Persails, CDP, CECC
Executive Producer: Savannah Meksto

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

Don't make this costly mistake. Medicare, Medicaid, and managing your money can be confusing territory. Tune in to this episode with Elder Law Attorney Bob Mannor & Amy Persails, Planning Services Director at Mannor Law Group, and walk away with a deeper understanding of these complex systems that could save you or someone you care for thousands of dollars. 

Bob & Amy clear some of the confusion between Medicare and Medicaid, breaking down the critical differences between the two. They also unpack the nitty-gritty of the 'look back' period, discussing how a significant money gift, or even paying for care, in the past five years could lead to penalties.

As we journey further into the labyrinth of Medicaid planning, Bob and Amy discuss the crucial role timing plays when considering gifting and warns not to confuse gifting for Medicaid with gifting for IRS or gift tax purposes. 

Above all, Bob & Amy stress the importance of guidance from a certified elder law attorney in your Medicaid planning journey. This is a conversation you can't afford to miss.

Host: Attorney Bob Mannor
Guest: Amy Persails
Executive Producer: Savannah Meksto

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...

Ever wondered what could go wrong when estate planning isn't done right? Join esteemed elder law Attorney Bob Mannor and guest Attorney Kelli King-Penner, on this special Halloween episode, as they unfold some spine-chilling experiences in estate planning. Armed with tales from the trenches, they'll illuminate the importance of having powers of attorney, the complications of reversing a guardianship, and why adding your children's names to assets could prove dangerous. Take heed as we reveal the hidden nightmares lurking in the realm of estate planning.

Navigating the maze of estate planning can be daunting but fret not, Kelli King-Penner, a savvy attorney and certified dementia practitioner, joins the conversation to guide us through the swamp of ladybird deeds and the minefield of online estate planning forms.

With a focus on the perils of inadequate planning, they delve into how wills can be affected by the probate court process, the dangers of haphazard plans, and the indispensability of having a flexible plan ready to tackle life's curveballs. Listen up as Bob & Kelli stress the significance of coordinating assets with a trust and the constant need for updating your estate plan.

Ready for a riveting rollercoaster ride into the thrills and chills of estate planning? Buckle up, it's going to be one enlightening journey!

Host: Attorney Bob Mannor
Executive Producer: Savannah Meksto

We'd love to hear from you!

Support the show

Listening Options
YouTube Playlist
Apple Podcasts
Spotify
Amazon Music
iHeart Radio
Podcast Addict
Podchaser
Deezer
Listen Notes
Player FM

ABOUT US:
Mannor Law Group helps clients in all matters of estate planning and elder law including special needs planning, veterans’ benefits, Medicaid planning, estate administration, and more. We offer guidance through all stages of life.

We also help families dealing with dementia, Alzheimer’s disease, Parkinson’s disease, and other illnesses that cause memory loss. We take a comprehensive, holistic approach, called Life Care Planning. LEARN MORE...