Created with Sketch.
The Life and Legacy Show
26 minutes | Jan 22, 2022
Why Didn't They Tell Us At The Nursing Home?
A client leaves unfriendly nursing home A, where she was paying $12,000 per month. She moves to friendly nursing home B for changing care needs. The kind staff at the friendly nursing home makes a referral to our law firm. The next month we are able to help reduce the monthly bill from $12,000 per month to $2,000 per month. If you have a loved one in the nursing home, would you rather pay $12,000 or $2,000 ? Simple right? Listen to this episode to find out how it works.
26 minutes | Jan 15, 2022
Making the Case For Asset Protection Trusts
Most of our estate planning clients have the same goals:1. Get it to our kids as easily as possible2. Maintain control of my money3. Protecting my money and home from taxes and long term care expenses.What if there was a trust that can allow you to do all three of these things easily?In this episode, Tim takes a deep dive into a tool called an Asset Protection trust. He explains how it works and why people use them. Is it the right plan for you? Listen into find out.
26 minutes | Jan 8, 2022
The 5 Reasons Estate Plans Fail
What's the difference between a will and an estate plan? Why do most "plans" fail? In this episode, Tim discusses the top 5 reasons most estate plans fail. Listen in to find out how to protect your family from future problems.
26 minutes | Jan 1, 2022
What the heck is a NFT? Planning for Digital Assets.
Happy New Years! This time of the year is great to reflect on the prior year and plan for the coming year. In this episode, Tim gives some thoughts on how to plan for your digital assets, as well as your physical ones. Also, we share our theory on what will be the biggest change in 2022 . What the heck is a NFT anyhow? Learn the basics (very very basic) here.
26 minutes | Dec 25, 2021
Counting (and Preserving) Your Blessings
Merry Christmas! This time of year it's common for folks to take some time and just feel grateful for all the blessings we've been given. It's a time to slow down and just take in the small moments... like a child opening a gift or singing in a church Christmas show. In this episode, Tim discusses how to preserve a legacy for your kids long after you're gone.
26 minutes | Dec 18, 2021
Where Are You Going To Live & How Are You Going To Pay?
The senior living landscape is a complicated one. There are different levels of care available at different types of facilities. Each type of facility accepts different payment sources. All of this will impact how you receive your care and how much it costs. It's confusing to say the least. In this episode, Tim discusses your different care options and how you can get the government to help pay for some of it. A good listen if you're trying to understand the long term care system.
26 minutes | Dec 11, 2021
Cost of Care Increases to Over $14,000 per Month!
Each year, the PA Department of Human Services releases the average monthly cost of a nursing home bed in the state. This year has the biggest jump in recent memory (probably the biggest jump ever) from $11,000 to $14,676. A 25% increase in the cost of a nursing home in just the last 12 months!So, now that you know that, what are you going to do about it? What are you going to do to protect yourself and your family from these expenses.Listen to this episode to learn about your options and how an asset protection plan may be the solution you need.
26 minutes | Dec 4, 2021
Record Your Parents' Stories For Christmas
I never met my grandfather. He died very young. If I had the chance, though, there are lots of questions I would want to ask him. Where did you grow up? What was it like there? Tell me about your relationships with your siblings. How did you feel the first time you saw my grandma? How did you meet?I think it's natural that anyone would want to know the answers to these questions about their relatives. So, then, isn't it natural that our kids, grandkids and great-grandkids would want to know the same things about us?Here's the difference... we now live in a time period where today's technology allows us to record videos of us telling our stories in a format that can be shared forever. How Cool! On this episode Tim & Robyn Sechler discuss her company, Securing Memories, and it's mission to help you and your family members preserve your legacy. Now's the time.Securingmemories.com
26 minutes | Nov 20, 2021
Interview with Deanna Guarnaccio of LIFEPittsburgh
In this episode Tim discusses the LIFE program with LIFEPittsburgh's Deanna Guarnaccio. LIFEPittsburgh is one of several local LIFE program providers. They work to provide seniors with customized care with the aim of keeping people at home, rather than an institutional setting. Deanna discusses many of the services they provide, how the application process works and who may be eligible.The LIFE program is a fantastic opportunity for many seniors who may need care. Listen to this episode to find out if LIFE is right for your family.
26 minutes | Nov 13, 2021
$1.2 Trillion? What Else Is New?
Last week congress passed another 1.2 Trillion in spending. Even with this spending there are still representatives in Congress who want to spend up to an additional $3.5 Trillion. $450,000 payments to illegal immigrants.85 vehicle convoy at climate conference where our President falls asleep.More oil pipe shutdowns while energy prices rise.Who is driving this ship?All the while, no one is talking about the biggest issue that impacts our middle class seniors and baby boomers - long term care expenses. The Pennsylvania tells us that the average cost of a nursing home in our state is over $130,000 per year. Why is no one talking about this? Why are we spending money on nonresidents when we could be providing care to our Senior Citizens?In this episode we discuss these issues and teach you a thing or two on how you can protect yourself. Listen in to learn!
26 minutes | Oct 30, 2021
Interview with Jeff Bellomo - Estate & Elder Law Attorney
This week, Tim is joined by a fantastic friend and attorney, Jeff Bellomo. Jeff's practice in York, PA is very similar to the Sechler Law Firm in that it we see the same types of clients. For our previous listeners, you'll find a ton of value in the way Tim and Jeff simplify some very complex issues. For newcomers, get ready for a great session on how to get started creating a successful estate plan for you family.
26 minutes | Oct 16, 2021
Estate Planning Awareness Week
The third week of October is always Estate Planning Awareness Week. If you're like me, you're tired of being told what to be aware of. Someone is always telling me I need to be aware of some social issue that doesn't really impact me.But this one does. Estate Planning does impact you. Unless you know something I don't, we will all eventually need an estate plan. We will all have an illness. We will all eventually pass away. This isn't optional.What is optional is whether you have a plan when things do go wrong. Most adult Americans never plan. This is why you'll hear people say "boy when my Dad passed away, it was a mess!". It was a mess because Dad didn't do an estate plan or didn't have a good estate plan. Don't let this be your fate. Don't let them tell stories about how you didn't plan well. Let's get it done and let's get it done correctly.
26 minutes | Oct 7, 2021
Open Enrollment With Mediconnect
Medicare open enrollment begins October 15th which means it is time to consider whether you are in the right Medicare plan. There are big changes coming for 2022. On this episode, Tim is joined by Sean Horn from Mediconnect, one of the region's largest independent insurance brokerages. Long story short, these guys know their stuff. Listen to this episode to learn all about how to best plan for your family
26 minutes | Oct 2, 2021
Be Careful Who You Listen To
"All you need is a simple will""Trusts are for rich people""Irrevocable trusts are no good""You should just pay your own way"All of these pieces of advice are given by accountants, financial advisors and lawyers. All of them may be absolutely terrible advice. So why are these falsehoods being spread? Sometimes the advisor really doesn't know. Sometimes the lawyer has biases. Some times the accountant is making incorrect assumptions. Sometimes they just simply give bad advice. How do you know what is right for you? Ask the advisor how they work with you to ascertain your goals. Far too often, professionals give advice before truly digging deep enough to uncover the real goals. Listen to this episode to learn how to sift through all the "stuff" to find the gold.
26 minutes | Sep 25, 2021
Be Careful With What You Sign
Let's say you find your self in a situation where a loved one needs care. Where are you going to turn for help? Where is the person going to live? How are you going to pay? Are there government benefits that could help? Should I sign this contract?Our fragmented long term care system is confusing. The care options themselves are overwhelming: Independent living, care at home, personal care home, LIFE Program, assisted living facility, move in with your kid, skilled nursing facility.... where do you go? You are in a new game and you don't know the rules. You need a coach. Listen here to find out more.
26 minutes | Sep 18, 2021
Simple, But Not Easy
Everyone seems to want their plan to do the same things:1. Plan for my incapacity2. Get my stuff to my family3. Plan for my kids' misfortunes like divorce4. Don't lose it all to the government5. Be remembered fondly.See, simple right? But not easy. Each of these goals requires some serious thought and planning. Listen to this episode to find out how to plan for your family in a way that accomplishes your unique goals.
26 minutes | Sep 17, 2021
The Battle Against Alzheimer's Disease.
1 in 3 seniors dies with dementia.70% of seniors will need some form of long term care.Nursing homes cost $130,000+ per year.What are you doing about it?Listen to this episode to learn how to protect yourself against the next biggest battle you're going to face in the war against the middle class. Don't wait for the bureaucrats and career politicians to fix it for you. They aren't going to. You need to take action yourself to protect your family.
26 minutes | Sep 4, 2021
Simple Wills & Other Lies
Don't believe the lazy lawyers and online purveyors of junky documents. They're not doing you any favors when they tell you, "All you need is a simple will". This is a lie that is told to families way too frequently. The problem is that complicated situations tend to have complicated solutions. See, there's nothing simple about your family and your goals. If you really sit to think about all of the negative situations your family could face if you got sick or passed away, there's nothing simple about it. So, there's a simple question you need to ask yourself: Do you want feel better that you have checked the box that you have a will, OR do you actually want to put a plan together for your family that will work?Put that way, it's a simple decision, right? Listen to this episode to find out how to create a plan (not just a document) that will actually work for your family.
26 minutes | Aug 28, 2021
Legal Advice From The Guys At McDonalds
Picture a McDonalds at 7AM. You can smell the hashbrowns and coffee, right? You see the table of the older fellows sitting in the corner? You know what they're talking about every Tuesday morning - giving their house/savings to their kids. Why do people do this? If you read a newspaper realty transfer section, you'll see transactions by people giving their home to their child. Why?There are two reasons people do this: 1. the perception that they can save taxes2. to protect the house from the nursing homeIn this episode, Tim explains why the traditional advice of giving your home to your kids is frequently a mistake. It's a tax mistake and an asset protection mistake. Listen to this episode to avoid the mistake of giving your home to your kids.
26 minutes | Aug 21, 2021
Medicaid is Not a 4-Letter Word
"People should just pay their own way when they need the nursing home." I had a lawyer tell me this once. What a shame that this lawyer let his personal screwed-up beliefs prevent him from helping his clients. A nursing home admission is one of the most stressful situations in someone's life. Not only is the medical issue and the transition stressful, but it is also a financially stressful situation. Nursing homes cost more than $11,000 each month.... to must families this is a heavy burden.There are steps a family can take to stop the problem. Usually, this involves taking steps to gain eligibility for Medicaid. Medicaid is not a four letter word. Medicaid is the answer that your family may need. If you are concerned about potential nursing home costs, you need to check out this episode.
Terms of Service
Do Not Sell My Personal Information
© Stitcher 2022