Life's Third Act

By Life's Third Act

Welcome to Life’s Third Act, hosted by attorney and CPA Joe Cordell. We explore the fascinating lessons learned from celebrity estates, uncovering insights into estate planning, wealth management, and... more

· Education

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FAQs about Life's Third Act:

How many episodes does Life's Third Act have?

The podcast currently has 308 episodes available.

Life's Third Act episodes:

December 07, 2019 Appreciating the Functions of a Trust [Episode 128]
Attorney-CPA Joe Cordell and co-host Jill Enders navigate the ins and outs of trusts. They talk about the different perspectives that exist among clients who feel that a more detailed estate plan would be “controlling from the grave” versus clients who feel that it simply would be a parent looking out for their children.
Joe explains the differences between a revocable and an
irrevocable trust, and he talks about the intricacies involved in the asset
protection strategies involved in an irrevocable trust. He also talks about
utilizing an irrevocable trust, in order to qualify for Medicaid.
Joe highlights the benefits of having a revocable trust, as
well as the challenges associated with the probate process, including the
schedule and the costs associated with the experience.
Joe and Jill discuss the possibility of challenging a will, as
well as accusing a beneficiary of undue influence. They break down the
responsibilities of a trustee and an executor. Joe also talks about how
businesses are preserved by an executor, after the owner of a business dies.
...more
47min
November 30, 2019 Contemplating Aging in Place [Episode 127]
Attorney-CPA Joe Cordell and co-host Jill Enders focus their discussion on the on-going debate of aging in place vs. moving to a facility or community that offers amenities and care options. They highlight an article from the Wall Street Journal that details the financial investment that has been made in creating these facilities and communities
The post Contemplating Aging in Place [Episode 126] appeared first on Cordell Planning Partners.
...more
47min
November 23, 2019 Navigating Family Dynamics in Estate Planning [Episode 126]
Attorney-CPA Joe Cordell and co-host Jill Enders discuss the legal ramifications of having estate planning documents in place. Joe describes the role of the attorney and how they go about creating a comprehensive estate plan that reflects the wishes of the client.
They talk about clients who may have a controlling kid who
wishes to manage the situation. Joe and Jill highlight how there are situations
where the controlling kid’s intentions are pure and situations when they are
not. Joe dives into the burden of proof in proving undue influence and also
describes a case involving a $3 million estate involving children disputing
decisions involving estate planning documents. Legal actions and appeals still
are occurring in the case.
Then Joe and Jill are joined by online editor and roving
reporter Dan Pearce to discuss a case occurring in Florida, where an
administrative assistant of a skilled nursing facility in Florida was arrested
for misusing the funds of a patient, of whom she was their agent with a Power
of Attorney in place.
...more
45min
November 16, 2019 Managing Your Finances Responsibly As You Get Older [Episode 125]
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 talk about the money issues that seniors and their families often face when it comes to retirement and long-term care.
Todd highlights the concerns surrounding the use of the
principle when the market is on a decline, what the four percent rule is, the
importance of asset allocation, and the vitality of saving money over the
years.
Joe and Todd discuss why many find themselves working at age
75 and how they could have benefited from sound saving strategies. Todd also tells
stories about clients that are forced to start over, due to poor financial
decisions that do not pay out.
They discuss the physical limitations that exist when someone is looking for a job later in life and how important paying off debts and mortgages. Todd emphasizes the importance of accounting for insurance and long-term care expenses when doing the financial math that shapes your future. Joe highlights the importance of seeking out the advice of a financial planner as you age.
Then Joe and Jill are joined by online editor and “roving celebrity reporter” Dan Pearce to discuss the successful pre- and post-retirement investing strategies of former Boston Celtics guard John Havlicek.
...more
44min
November 09, 2019 Financing In-Home and Long-Term Care Needs [Episode 124]
Attorney-CPA Joe Cordell and co-host Jill Enders discuss the financial aspect of planning for in-home and long-term care, on this episode of ElderTalk with Joe Cordell. They highlight a survey by Genworth Financial regarding the cost of care, and Joe and Jill dive into the numbers, which breakdown by state.
The survey details the monthly costs of in-home care,
community and assisted living, and nursing home facilities, and Joe and Jill
dive into how each type of care interacts with qualifying for Medicaid, which
can allow you to qualify for the care you need.
Joe and Jill talk about familial and emotional impact of
having professionals assist in the needs of seniors. They discuss how
recommendations for health care professionals and companies can be beneficial
in the decision-making process.
Then Joe and Jill are joined by online editor and “roving
reporter” Dan Pearce to discuss the issues surrounding the estate of Oscar
nominated writer and director John Singleton. They detail his death, his mother’s
conservatorship and executorship, his will, his children, and more.
...more
51min
November 04, 2019 Learning More About Rehabilitative Care [Episode 123]
Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Ann Warren and Mark Dwyer, of the Rehabilitation Institute of St. Louis. They talk about the challenges that seniors face when injured, as well as their journey regaining their health and eventually making their way back to their respective homes.
They highlight their locations and how the support services that
patients may require can change, depending on the status of their health. Ann
and Mark detail how Barnes Jewish Hospital home health services work with the
Rehabilitation Institute of St. Louis to provide care, even after patients
leave the facility.
Ann and Mark talk about easy Medicare is to work with, in
terms of in-patient rehabilitative care and also highlight how total hip or
knee replacement is no longer covered on an in-patient basis at their facility.
They all detail how ailments like a broken hip are no longer
as grim of a prognosis as it once was and how important making adjustments to
rehabilitative exercise program can be for seniors experiencing pain from rehabilitative
exercises.
...more
50min
October 26, 2019 Exploring the Estate Planning Issues of Ernie Banks [Episode 122]
Attorney-CPA Joe Cordell is joined by Jill Enders of KTRS
and online editor and “roving reporter” Dan Pearce break down all of the
intrigue surrounding the estate of former Chicago Cubs player Ernie Banks. They
break down the case, as the story reenters the news.
Caretaker Regina Rice was named the beneficiary in Banks’
will. Banks died in 2015, three months after filing for divorce, and his wife,
Elizabeth, and children were did not receive anything, sparking legal action
over the course of several years.
Joe talks about the complications surrounding naming a
caretaker as a beneficiary in your will, as well as what spouses are entitled
to, regardless of a pending divorce, at the time of death. He also emphasizes
the importance of sound financial planning and making sure that the estate
planning documents being forged are defendable against scrutiny. He offers
alternative ideas, such as a video will, that can show the intention and
cognitive faculties of the deceased, to prove validity.
Joe and Jill also talk about ways of preventing caretakers
from taking advantage of seniors.
...more
45min
October 19, 2019 The Foundational Elements of Estate Planning [Episode 121]
Attorney-CPA Joe Cordell highlights the importance of having
all of the necessary estate planning documents in place as you age, on this
episode of ElderTalk with Joe Cordell. Joe details the ins and outs of
long-term care insurance, as well as self-insurance.
He talks about the rehabilitative care and short amount of
time required for Medicare to cover long-term care and compares it to the
Medicaid planning involved in qualifying for Medicaid. Joe also highlights the
history of elder law, as it relates to long-term care and Medicaid planning.
Joe describes the utility of a durable Power of Attorney and
explains the roles of a conservator and a guardian ad litem. He also talks
about the Power of Attorney for health care and the various decisions regarding
care that can be involved.
Joe also navigates the ease of a trust and how useful they can be, in preserving assets for beneficiaries.
...more
44min
October 12, 2019 Exploring City and Rural Assisted Living Communities [Episode 120]
Attorney-CPA Joe Cordell and Villages of St. Peters Memory
Care Administrator April Haskins highlight aspects of the independent, assisted,
nursing, and long-term care experience. They dive into the decision-making
process heading into deciding that living by one’s self, as well as the
importance of touring facilities, in order to understand what is right for the
potential resident and what they are looking for from the facility.
April details different types of fee structures that exist
within these types of communities and talks about the impact of Medicaid on
paying long-term care costs. Joe and April discuss the commonality of
facilities and communities that are 100 percent Medicaid and emphasize that
Medicaid and non-Medicaid users receive equal care.
Joe and April highlight how those within the communities can
take priority when they require additional care, over those on waiting lists to
enter the community. They talk about the differences between communities and
facilities in rural areas, as opposed to those near larger cities.
...more
43min
October 05, 2019 Choosing Independent or Assisted Living Facilities [Episode 119]
Attorney-CPA Joe Cordell and co-host Susan Arthur are rejoined
by Villages of St. Peters Memory Care administrator April Haskins to break down
some of the factors that go into the decision of leaving one’s home and
entering an independent or assisted living facility.
April details all of the amenities that many facilities
have, which allows seniors to maintain some levels of independence while
receiving the care that they may need. They also bring up the costs involved in
independent living.
April and Joe explain what a buy-in is, when it comes to
senior care. They highlight the varied payment structures that exist among
facilities, as well as the lifestyle options available to residents. Joe
discusses the commonality in the St. Louis area regarding seniors going to a
living facility based on having friends
that are involved in common interests or communities.
April explains what Centers for Medicare and Medicaid Services are and also talks about the conversations between senior parents and their children, regarding visits, amenities, and overall environment of a potential facility.
Joe also announces that April will be joining ElderTalk with Joe Cordell as an occasional co-host.
...more
45min

FAQs about Life's Third Act:

How many episodes does Life's Third Act have?

The podcast currently has 308 episodes available.