
Second Half of Life Podcast
This podcast explores the many issues and topics related to elder law - the wide range of legal matters affecting people in their second half of life and individuals with disabilities. Produced by Steinbacher, Goodall and Yurchak: Your elder care and special needs law firm, providing quality representation in litigation, with locations in Altoona, State College, Wilkes-Barre, Williamsport, Wyalusing and Wysox, Pa. Visit our website at PAElderCounsel.com.
Second Half of Life Podcast
Adding New Assets to a Trust After it is Set Up
In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges talks about the process for adding assets - be it real estate, cash or other financial assets - to a trust after it was initially set up. Long-Term Care Planner Kristin Daugherty also adds a word of caution about adding assets, and possible penalties related to Medicaid eligibility to pay for long-term care costs, should additional assets be added to the trust. In short, it would be beneficial to consult an elder law attorney, such as us, before adding assets to a trust that has already been set up in order to hopefully avoid or minimize potential financial penalties down the road for doing so.