The Life and Legacy Show
Episodes
199 episodes
The Reasons Most People Don't Have A Plan
Caring.com did a study recently that said only 32% of people have a will. Far fewer have a good estate plan. Why is this? Let's dig in.
I have to pay it all back?
In our Elder Law practice, we see lots of crazy situations. That's because these laws are crazy.This week we ran into a particularly tragic (and preventable) case where the family ended up losing tens of thousands of dollars. &nbs...
What The Heck Is Disease Discrimination?
The term Disease Discrimination has been floating around the elder law community recently. It's absolutely a thing and you need to be on the lookout for it. Luckily, the Pennsylvania allows you to keep $60/mo to fight it (sa...
Small Business Saturday! and Some Nursing Home Guidance
It's Small Business Saturday! A day we support the local businesses that support us and our communities. Let's say a special thank you to the entrepreneurs out there with some tips on how to protect everything they've built....
How To Start A Conversation With Your Family About Estate Planning
Around the holiday season, you will likely spend lots of time with your family. This time of year, we are frequently asked this question - "How do I start the conversation with my parents about estate planning?" In this epis...
Achieving Real Peace of Mind with Estate Planning
The number 1 thing our clients seek to achieve is Peace of Mind. Does your estate plan actually provide you with Peace of Mind? If so, for how long? If not, how can you do it better the next time around.
Asset Protection FAQs
We've been getting lots of questions recently about Asset Protection for middle class families. Here are the most common questions we get and the answers you need.
Which is Better: A Will or a Trust?
Our law firm gets asked this question almost every day. You probably want to know the answer too. But here's the thing.... what if it's the wrong question? The real question is "how do I best plan for my family?". If you...
Part 2 The Things I Wish People Knew About Estate Planning
The week of Oct 21 is Estate Planning Awareness week. So, what can we do to make you more aware of estate planning? How about a rapid fire episode with all the things Tim wishes you knew about estate planning. Hold on tight......
Part 1 The Things I Wish People Knew About Estate Planning
The week of Oct 21 is Estate Planning Awareness week. So, what can we do to make you more aware of estate planning? How about a rapid fire episode with all the things Tim wishes you knew about estate planning. Hold on tight......
Hey Tim "Tell Them About The Red Wagon Club!"
At a recent Red Wagon Club event, one of our members stopped me and said - "Hey. I listen to your radio show. You occasionally mention the RWC, but you don't actually tell people what it is. You should. It's Great." Wel...
The New Death Taxes
Is the Federal Estate Tax coming back? Looks that way. Here's what to know.In this episode, Tim also dives into the PA Inheritance Tax and how the Secure Act imposes a new death tax on the middle class. Want mo...
LLS 8.3.24 Maintaining Control
When retirees do proper estate planning, it becomes necessary to start to hand over some responsibilities to family members. That said, that doesn't mean you have to give up control. This week's episode dives into how to do proper e...
The Secret Everyone Knows
There's a dirty secret everyone knows, yet no one is trying to improve it. Here it is: Our Government is Failing Our Seniors. See, you knew that already, right?Well if you did, what have you taken to prevent them from failin...
Beating the 5 Year Lookback
"Once someone goes into a nursing home, there's nothing you can do." "You can't protect assets if you need care in the next five years." "It's illegal to give your stuff away within 5 years of the nursing home." These are all ...
Why You Need To Do A Trust For Your Kids
The primary role of a parent is to raise good humans. This duty exists even if parents pass away young due to an accident. We can't let our childrens' future depend on our good health. We need to plan. On this episode, I...
21 PA Nursing Homes Bankrupt in 2 Weeks !!! WTH?
The Pittsburgh Post Gazette reported on June 9, 2024 that 21 long term care facilities have filed for bankruptcy protection since the beginning of May. Separately, 2 others are simply closing their doors. What the H*%@ is go...
The Right Plan From Cradle to College
If you've been listening a while, you know that most of our conversations are about retirees. So, we thought we'd do something a little different. In this episode, Tim explains effective estate planning for families with younger kid...
You Love Your Kids Too Much To Leave Them An Inheritance
Yes, you read that correctly. You love your kids too much than to leave them an inheritance outright. Instead, what you should be doing is leaving them their inheritance in a trust. In this episode, Tim discusses what ...
Don't Say "Happy Memorial Day"
I get it... it's nice outside. It's warm. It's sunny. There are burgers and dogs on the grill. Even though Memorial Day coincides with the beginning of summer, doesn't mean it's a festive holiday. In ...
You Deserve a Fully Loaded Toolbox
For years there was something that bothered me about my estate planning practice and I could never quite tell what it was. We had lots of clients. They chose the plans they though fit the need. What was wrong?The probl...
Nursing Homes Can Sue You For Your Parents' Care
You read that title correctly. In Pennsylvania, nursing homes can sue adult children for their parents' care under our Filial Support law. It only applies in limited situations and can be avoided with proper planning. Listen t...
Your Family's Roadmap
In this episode, Tim discusses the three time periods when people do planning:1. Young with young kids2. Empty Nesters3. RetireesThe goals of each of these groups vary. The tools we use to accomplish the goals may ...
Why Law Firms Don't Fund Trusts and How To Get It Done
Shhhh..... Here's a dirty secret. Most law firms don't fund trusts. If you have a trust already, there's a decent chance it's not funded properly (or at all). In this episode Tim talks about why most firms don't fund t...
Breaking News: Bill Proposed To End Estate Recovery - But What Can I Do Now?
Of all the cruel legal rules impacting seniors, the Estate Recovery Program has got to be the worst! It's sole purpose is to take your house after you die!A new piece of legislation seeks to end the program. Will it pa...