Podcasts about wsba

When someone passes away, their estate typically goes through one of two processes: probate or trust administration. These options appeal to different people for different reasons—and misinformation is common—so we receive many questions, especially on probate. Join Jeff as he explains the process of probate administration in Pennsylvania. It's important to understand whether you're an executor, a beneficiary, or someone planning for their family's future.     WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:15) Probate is the legal process for distributing assets that are not jointly owned or attached to a beneficiary. (04:33) Powers of attorney become invalid at the time of death.   (05:54) In Pennsylvania (PA), probate and trust administration are very similar. For probate, an executor is sworn in.  (06:37) To be sworn in, the personal representative provides their law firm (or the Register of Wills) with the death certificate and the original will.  (07:56) The executor is liable for ensuring that probate is handled correctly, so many people use a law firm. (09:09) The law firm provides notices to heirs and creditors and determines date-of-death values for all assets.  (10:17) Making a tax prepayment within three months after death results in a 5% discount on the inheritance taxes owed. The inheritance tax return must be filed within nine months of death, but an extension, with interest, is possible.  (12:27) A partial distribution can be made. Final distributions require the signing of receipts and releases.   (14:46) A fiduciary return must be filed if there were gains in an estate account. (18:15) Most institutions will not allow testamentary trusts under a will. (18:45) You are not required to hire an attorney for probate, but an attorney can shoulder the work and risk for you.  (23:09) An executor is entitled to an executor's commission.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

For a few days in May, Jeff Bellomo's life painted a picture of everything that matters to him—his people, law firm, beliefs, and passions. As he reflects on those days, Jeff shares his overwhelming gratitude for his community and the people most dear to him. Tune in to hear about the whirlwind of activity and why Jeff describes this as his “favorite weekend of the year.”    Red Wagon Club Picnic photos: https://www.facebook.com/share/p/1Daz1HiqQi/    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:56) On Sunday, May 4, I ran the York YMCA Half Marathon. I'm not a natural runner and I experienced some bad cramping, but I cut my personal best by 20 minutes. Several of my colleagues ran, too. It was a good day for our group.  (07:20) In November, I will run the Philadelphia Marathon. As I train for 26 miles, I will carry the sense of community and support that I experienced before, during, and after the York run.  (11:55) I went to our daughter's band concert at her high school. DeAnna had a couple of solos. I love watching her play.  (12:37) We hustled to DeAnna's graduation from the Future Leaders of York. The memories and learning experiences will stay with her forever.  (14:16) We bring all our remote staff in for the Bellomo team picnic. I always look forward to this event. (15:00) On Monday, we had our all-day team retreat. It gave everyone a chance to reconnect, share ideas, discuss how to better serve our clients, and engage in great team-building exercises.  (17:12) The annual Red Wagon Club Picnic featured an incredible buffet and everyone enjoyed the DJ and the photo booth. When so many of our clients come together, it's a humbling reminder of their trust in us. (20:51) Later this year, Red Wagon Club members will come together again to learn about the changes we're seeing in the country and the legal world.   (24:08) Congratulations to Whitney Bellomo for being named one of 12 finalists for Pennsylvania Teacher of the Year.    ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

You've probably heard the saying, “A man who represents himself in court has a fool for a client.” While most of us wouldn't go to court alone, the rise of do-it-yourself legal tool kits makes it tempting to go without professional guidance when creating an estate plan. But it's important to understand that off-the-shelf home remedies can expose your assets to unnecessary risk and jeopardize your family's financial future. From emotional blind spots to technical errors, even the smartest people can make costly mistakes without proper legal help. So, before you get carried away with DIY enthusiasm, tune in to learn the hidden costs and common pitfalls of do-it-yourself legal tools.    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:56) When non-professionals use off-the-shelf tools to create a trust, will, power of attorney (PoA), or estate plan, strategic missteps and technical mistakes often go unnoticed until it's too late. (05:18) Estate planning and elder law are highly complex even for attorneys who specialize in these areas. (07:35) Often, basic DIY legal kits don't keep pace with state-specific laws and are not able to address “what if” scenarios such as changes in marital status, unexpected death or disability, protection of government benefits, etc.   (09:21) The use of beneficiaries to avoid probate does not provide protection of assets or safeguard against mishandling of funds and property.  (11:07) Jointly owned assets can have significant tax implications. (12:33) Long-term care eligibility and asset protection are complicated and require thoughtful, expert strategies. (16:43) Powers of attorney should be very specific. Most DIY kits do not contain the appropriate language. (23:23) Can you use a DIY kit and have everything turn out well? Yes, but there are many situations that a DIY kit cannot provide for—and those are the protections that a professionally created plan can anticipate.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Join Jeff as he chats with Jen Clemens, co-lead of the Clemens & Myers Real Estate Team. Serving York and surrounding counties in Pennsylvania and Maryland, Jen and her team are passionate about helping people through some of life's biggest transitions.  Whether you're buying your first home, selling a longtime family property, or investing in real estate, Jen understands both the financial and emotional stakes involved. With bilingual agents, a trusted referral network, and personalized support for every step of the journey, the Clemens & Myers Team offers expert guidance and care as clients move into their next chapter.    Call Jen Clemens at (717) 779-7791 or visit https://clemensmyersteam.ironvalleyrealestate.com/    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:22) Jen is experienced in guiding people through important purchases and big life transitions.  (07:42) The team can refer reputable third-party experts to sellers and help them evaluate whether the cost of professional help will result in the desired return on investment.  (15:13) You can find Jen and her team on Facebook, Instagram, LinkedIn, and Tik Tok.  (17:14) Jen's team is licensed in Pennsylvania and Maryland, and Jen is working on getting licensed in Delaware.  (19:40) Technically, it's a seller's market right now. Jen says, “Marry the house and date the rate.”  (21:34) Good realtors ensure that homes are not over- or underpriced. They are trained to know the market. Experience and skills in negotiation are quite valuable. (24:25) Realtors are paid commission at settlement and brokers always get a fee for the backend work of ensuring that the legal documents are processed correctly.   (25:43) Good realtors will be willing to discuss commissions and fees and other process details so that the seller and buyer clearly understand what's involved.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Navigating the transition from a longtime home into a new place and the next stage of life is one of the biggest challenges older folks and their families face. Join Jeff and his guest, Andrew Bartlett, owner of the real estate firm Bartlett & Associates, to discuss ways to ease the transition. In addition to traditional real estate services, Andrew's team can provide organizing, downsizing, cleaning, painting, moving, and other assistance to prepare the home for sale and make the move. The team further differentiates itself by offering Next Step Home Solutions, programs designed to provide fast, flexible financial help for those who need access to funds before their home sells.    Contact Andrew Bartlett at (717) 203-5528 or visit these websites: Next Step Home Solutions - https://nextstep.care/ Bartlett & Associates - https://www.lancorealestate.com/   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:19) Andrew entered real estate because he wanted to provide services that were better than what he experienced as a first-time home buyer.   (07:02) Bartlett & Associates offers two financial programs—a cash program and a bridge loan program—for when a customer needs funds right away. (09:43) Often, conventional lender options are available only when people are moving from one house to another, not from one house to a retirement community or care home.   (13:32) Jeff added Life Care Planning services at Bellomo & Associates because so many people expressed a need for help with home safety assessments, community services, the long-term care system, etc. (15:35) Professionals with a reliable and knowledgeable referral network can greatly benefit their customers. (17:41) Andrew's company is a sponsor of Bellomo's Multi-Professional Boot Camps. By participating, Andrew came to realize the benefit of smart estate planning to protect one's home and assets. (24:31) Andrew's nonprofit—HCB Foundation—assists families with an urgent need for help paying rent, buying groceries, etc.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

When people think about estate planning, a will is often the first thing that comes to mind. But relying solely on a will might leave significant gaps in your financial plan, potentially putting your loved ones and your hard-earned assets at risk. Join Jeff as he breaks down the critical features of a will and why a will alone might not be enough to protect your assets and your family's future.    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:20) While a will directs the distribution of assets in your name alone, it does not control assets with joint owners or designated beneficiaries, like insurance policies or jointly held bank accounts.  (07:46) Most financial institutions won't allow a testamentary trust (a trust established within a will) to be named as a beneficiary. This limits your ability to protect those assets after your death.  (09:26) Assets passed outright through a will can be exposed to risks like Medicaid repayment, creditor claims, financial mismanagement, and future spouses via death or divorce.   (11:11) Probate can be costly, with legal fees often ranging from 4-6% of the estate. While you can handle probate without a lawyer, the executor still bears significant personal liability to ensure everything is handled correctly.  (18:12) Relying on beneficiary designations to avoid probate can leave assets unprotected, potentially exposing them to creditors, lawsuits, and financial missteps.  (21:45) Unlike a will, a properly structured trust can help you avoid probate, reduce fees, and provide ongoing asset protection for your heirs.  (24:12) The absence of a will triggers the intestate succession process. State law will determine who receives the estate, or what is left of it. Most often, this is the closest living relative.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

At Bellomo & Associates, our commitment to education extends beyond our clients. We learned long ago that professionals locally and across Pennsylvania can also benefit from practical education in estate planning and elder law.   Our free professional boot camps differentiate us from most other law firms. As Jeff describes the essential topics we cover—from basic concepts to advanced strategies—you'll see how the health care and financial planning professionals who attend can better support their clients.  Participants earn continuing education credits (CEUs) while learning and, afterward, enjoy a fun networking reception that's great for strengthening community partnerships.   MULTI-PROFESSIONAL BOOT CAMP 17 Sep 2025 | York, PA | Learn free of charge | Earn 6 CEUs Enroll at https://bellomoassociates.com/boot-camp/    ESTATE PLANNING AND ELDER LAW WORKSHOPS  Learn more at https://bellomoassociates.com/workshops/   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (05:09) Nearly 80 social workers enrolled in our first boot camp because of the need to better understand the legal issues their clients were facing.  (06:49) The success and popularity of the boot camps made it clear that a multi-professional boot camp was needed. Nurses, nurse practitioners, administrators, CPAs, CFPs, insurance agents, and others can earn six (6) CEUs. (09:00) Participants learn the basics of estate planning and more advanced concepts such as taxation, asset protection, probate v. non-probate, beneficiaries, and much more. Afterward, attendees enjoy a fun networking event, which can be especially worthwhile given the range of professions in attendance.  (10:36) Our take-home binder is a valuable guide that attendees keep among their most frequently used professional resources. (15:25) We are grateful for our sponsors who enable us to provide our boot camp free of charge. Sponsorship opportunities are available.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

At Bellomo & Associates, taking care of people—both colleagues and clients—is at the heart of everything we do. Our relationships give meaning to our work, making this conversation bittersweet. Jeff sits down with Jessica Delp, who has formed countless relationships as our community outreach coordinator over the past three years. As Jess moves on to her next professional adventure, Jeff reflects on the connections she has built, her impact, and how she has carried our mission forward. Thank you for everything, Jess. In a workplace built around shared values and genuine care, it's never easy to say goodbye.   To learn more about Olivia's House, call (717) 699-1133 or visit: Website - https://www.oliviashouse.org/  YouTube - https://www.youtube.com/@OliviasHouse    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:20) Jess joined the firm in 2022 as community outreach coordinator.  (05:56) Although she was happy in her non-profit job, Jess accepted Jeff's job offer because she liked the firm's mission—to help families.  (09:00) Jess has loved coordinating fun and educational events and helping clients see the value of the firm's work.   (10:57) Initially, her role was not clearly defined, but Jess shaped it into a successful position.  (13:43) Olivia's House is a grief and loss center for children. Jess's husband, K.C., and Jeff's wife, Whitney, have become good friends through their work with the organization.   (14:26) Jess worked at Olivia's House while in grad school. The organization depends heavily on well-trained volunteers.   (15:55) Whitney's ongoing involvement in Olivia's House is based on her desire to give back. (19:02) Olivia's House is always looking for volunteers and donations. The programs are free, so funding is needed to continue to provide support.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Selling a home usually means something big is happening—maybe it's a fresh start, a major transition, or closing one chapter to begin another. But for most people, selling a home can be overwhelming. That's where Kasey King comes in. She's the founder of Bodacious Properties, LLC, and she's built a business around helping people navigate all aspects of a real estate sale with ease, no matter their stage of life. Jeff talks with Kasey about her work, her influences, and how she and her team add value by handling the fine details and the hard work needed during a big transition.  To learn more about all the services provided by Bodacious Properties, visit https://paestatesolutions.com/ or call Kasey at (717) 345-3444.    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:00) Books by Robert Kiyosaki and T. Harv Eker inspired Kasey to learn the real estate business.  (05:44) Rather than “putting lipstick on a pig,” the goal of Bodacious Properties is to add value and make the home a safe living space. (11:04) Kasey started in real estate doing standard “retail” work, helping buyers and sellers. An early client made her realize that many people need help with all aspects of selling a home. (15:44) While most real estate agents will tell people how to stage a home for sale, Bodacious Properties does the work of preparing and staging in cooperation with the seller.   (17:29) Most of Kasey's work comes via referrals, outreach, and her website.  (18:15) With industry knowledge and connections in local governments, Kasey's team is especially helpful when time is tight, or a property becomes available under less than desirable circumstances. (22:41) Kasey and Jeff recommend books by Wallace D. Wattles, Zig Ziglar, and Alex Hormozi. Ziglar's philosophy is that you can get everything you want out of life by helping other people get what they want. Hormozi says you should provide so much value that people would be crazy to say no.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

When it comes to estate planning, there are a lot of half-truths, outdated advice, and persistent myths that can leave your family vulnerable. Join Jeff as he clarifies common misconceptions about wills, probate, powers of attorney, and trusts. Estate planning is far from a one-size-fits-all exercise. Multiple tools are available, and to be most effective, they should be strategically customized to each family's needs.    WHAT YOU NEED TO KNOW   (00:00) Episode introduction. (03:02) Myth #1 – A last will and testament is good enough. Truth – A will outlines what will happen to our assets that are in our name alone. This leaves a lot of issues unresolved.  (04:42) Myth #2 – Avoid probate using joint ownership and beneficiaries. Truth – When money is distributed outright to the joint owner(s) at the time of death, it creates a situation where (1) the money can be spent before creditors and tax collectors get their share, and (2) assets become susceptible to unintended claimants.  (10:44) Myth #3 – Revocable trusts should not be used. Truth – They ensure flexibility during life, give the grantor complete control, offer options for disability planning, and provide after-death asset protection.  (19:45) Myth #4 – A revocable living trust is all you need. Truth – In some instances, an irrevocable pure grantor trust is a better option. It can offer more robust tax handling, leaves the grantor in control, and provides a step up in basis for the beneficiary.   (22:52) Myth #5 – Trusts are one-size-fits-all. Truth – There are many tools available to estate planners; it's important to mix and match to develop a custom plan that is appropriate for each family.  (24:25) Myth #6 – A power of attorney (PoA) is good forever and any PoA is good enough. Truth – Most banks want these documents updated at least every two years. Also, to protect assets, a spouse or child must be specifically authorized in the PoA.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Things seem to be happening fast, and many people are worried about potential changes to tax laws and funding for programs on which they rely. Over time, Jeff has learned that talk of change does not always result in change. Because speculation can drive anxiety and poor decisions, often the best approach is to wait. If laws and programs do change, then meet with your professional advisor(s) and make decisions based on the most current and accurate information.   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:48) We anticipate changes in 2026 to the federal estate tax limit for people who have at least $13.99 million as a single person or $27.98 million as a married couple. Be prepared to speak with your tax attorney in the last quarter of 2025. (05:45) If you have less than $13.99 million or $27.98 million, hold off on making changes for tax purposes until we know more. (07:40) Tax planning with an irrevocable trust means giving up control. Understand your options.  (12:00) Jeff is skeptical that they will make cuts to Medicaid.  (16:18) Schedule an appointment with your attorney if changes are made to same sex marriage laws. (17:50) There is no harm in filing for The Corporate Transparency Act. If you wait, keep track of the filing deadline.  (19:21) If you have a grantor trust and have been filing separate trust tax returns, ask your tax professional if you should continue to do that. Pennsylvania now follows the federal rules.  (21:26) Changes to The Secure Act are possible. Wait to make adjustments until we know whether changes occur. (23:28) One smart way to prepare for an unknown future is to make sure that everyone over the age of 18 has a financial power of attorney, a health care power of attorney with a living will, and a last will and testament.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website https://bellomoassociates.com/ to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops: https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Jeff is joined by Garrett and Angel from Country Meadows Retirement Communities for an important conversation about senior living—how providing a personalized approach to care and a comfortable home environment can make all the difference, and how it all starts with a passion for serving seniors. Their discussion offers a valuable perspective on what to look for and how to spot it when assessing retirement communities.   Visit https://www.countrymeadows.com/ or call (717) 741-5118 and ask for Garrett or Angel to learn more or schedule a tour.    WHAT YOU NEED TO KNOW   (00:00) Episode introduction. (04:10) Country Meadows is home to seniors, a place where they receive help with everyday tasks and activities. (05:04) Angel started with the organization 18 years ago as their memory care nurse. Garrett started as a 16-year-old working in the dining room while still in high school. He fell in love with the residents, and it prompted him to pursue senior care as his career.   (08:06) Family members don't always have the knowledge or capacity to provide care for a senior at home.  (10:24) There are tremendous health benefits to the social aspects and opportunities in community living.  (12:32) Country Meadows offers multiple levels of care—supported independent living, 24-hour personal care, secured memory care, a restorative care neighborhood, and more. (15:06) The organization is proud of its team of nurses, which is accountable to the Director of Nursing. Every level of care also has a Program Manager who helps to coordinate custom care based on individual needs. (16:57) Country Meadows is family owned and operated. The organization prides itself on the dedication and longevity of its team members.   (22:04) When looking for a senior community, you can learn a lot by observing the care team. Do they appear to be well trained and happy? Do they interact well with each other and the residents?   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Emotions and stress often run high when it's time for seniors to move out of their lifelong homes. Understanding this, Pam Kovalewski and Paul Hayes established Complete Senior Transitions to reduce the work and anxiety for seniors when downsizing, moving, or aging in place. Pam and Paul also have an extensive network of vetted professionals who extend their services into other areas of senior living for a comprehensive and hassle-free experience from start to finish.   Learn more by calling 717-502-2507 or visit https://completeseniortransitions.com/ Radio show: Smart Seniors WHYF (AM 720) - Saturdays at 2:30 pm with replay on Mondays at noon.  Podcast: Current and previous episodes of the radio show are available as part of the Holy Family Radio Podcasts.  ++++++++++++++++++++++++++++++    WHAT YOU NEED TO KNOW (00:00) Episode introduction.  (02:34) Complete Senior Transitions provides a broad array of services that cover a range of needs for seniors and their families. (09:35) Pam and Paul met via a Senior Outreach Services event, which promotes collaboration among folks who are committed to helping seniors in the community.  (10:39) Pam and Paul realized that by combining their skills, and those of their network, they could offer a more cohesive and broader range of assistance to seniors.    (13:33) By using education to empower seniors and their families, Pam and Paul can help them make better decisions and reduce their stress around life changes.   (19:39) Sometimes it's advisable to update a home before selling. Always, the goal is to increase the return beyond the cost of the updates. (22:13) When you reach out to Pam and Paul, first they will want to understand your needs, wishes, and vision for your next stage in life. Your discussion can start on the phone, or you can schedule a walkthrough of your home, a free consultation, and an explanation of their transitioning services and process.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

This week at NSTA: The Bus Stop - Executive Director Curt Macysyn is joined by first-time guest, Cherie Hime, Executive Director of the Wisconsin School Bus Association (WSBA) to close the March celebration of Women History Month on the podcast. Cherie outlines her background in the association management and how that led her to taking reins at WSBA in 2014. She talks about her day-to-day work as an Executive Director, handling everything from marketing and membership to events and advocacy. Cherie and Curt talk about current legislative activity in Wisconsin and highlight WSBA's annual Legislative Day. And lastly, Cherie shares what being a woman in transportation means to her emphasizing the importance of networking and collaboration to help other women grow within the student transportation industry. Become a subscriber and listen to a new episode of NSTA: The Bus Stop every week - targeted advertising packages are available too!Support the show

Jeff speaks with Sarah Bucher, a team member at Legend of Lancaster, an exceptional assisted living, personal care, and memory care community. Their personal care and memory care services—including personal care needs, medical needs, medication assistance, and memory support—vary from person to person depending on what each individual wants and needs.   The team at Legend of Lancaster ensures that their residents are well cared for and that their staff members are experienced and meet the organization's high standards. Join us for a look inside this special community that provides residents with assistance and support in the enriching, amenity-filled environment they call home.   You can learn more at https://legendseniorliving.com/   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:14) Sarah began her career at SpiriTrust Lutheran Home Care and Hospice in York. She's been with Legend of Lancaster since 2019.  (06:45) Typically, Sarah meets people in the earliest stages of their involvement with the Legend community. She loves seeing how the residents thrive as they make friends and benefit from the programs and amenities that are available.   (09:11) When you're someone who “loves hard,” you make true friendships and connections with people. It's both a tremendous gift and very emotional to work with people in the latter stages of their life. But, it's important to remember that, first and foremost, you need to be a support for the person and their friends and family.  (10:56) If needed, hospice can be provided on site in the resident's home.   (11:51) The memory care neighborhood provides residents with independence and activities within a safe and secure environment. More structure for a resident's activities can be arranged, as appropriate. (14:52) It's not unusual for a person to be reluctant to move out of their lifelong home. It's important to be honest as you help them understand the benefits of an environment such as Legend of Lancaster.   (22:03) When Sarah started at Legend of Lancaster, she was impressed by the organization's structured approach to a compassionate philosophy that ensures a safe and enjoyable experience for all of their residents.    (25:29) The approach to those in need of memory care is to meet them where they are and get to know them as a full person, which includes the creation of a memory book.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

It's natural for people to rely on professionals when it comes to complex subjects like finance, taxes, and estate planning and elder law. However, professionals can leave a client feeling overwhelmed or unsure by giving advice that the client doesn't fully understand. So, the client lets the professionals make decisions for them. As a result, many clients agree to critical planning mistakes based on well-intentioned but misguided advice. Jeff and the team at Bellomo & Associates believe you should be the one making key planning decisions because no one understands your circumstances and your goals better than you. That's why our free, educational workshops are designed to help you understand the landscape so that you can make smart, informed decisions based on your family's unique needs.  Join us as Jeff discusses how to get the most out of your work with professionals and the importance of making your own decisions.   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:34) To be an effective advisor, you must understand that the client is the best person to decide on what's best for their family. (07:06) Professionals can, unknowingly, introduce their own biased judgment into your decision-making process (09:11) No two families are the same and they're going to value certain things differently based on their experiences.  (14:39) Professionals should help you understand the situation, the consequences, the pros and cons, and the costs. They should present the facts on all sides of the issue. (16:57) In our workshops, we make sure that attendees understand the risks associated with different options. (22:27) Nobody knows what's going to happen in the future, so you determine what's important to you and your family, and then you decide what plan to put in place.      ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Are your affairs in order? Recent aviation disasters and the devastating wildfires in California are stark reminders that our lives can change instantly. No one wants to dwell on worst-case scenarios, but having a plan can provide peace of mind and protect your legacy and your loved ones if tragedy strikes.  Jeff shares practical steps you can take to prepare for the unexpected—from creating an estate plan to deciding on funeral arrangements and the distribution of meaningful family heirlooms. Not all pre-death planning requires a lawyer, but documenting and communicating clear wishes and intentions can ensure that your affairs are in order no matter what the future holds.    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:30) When preparing for the unexpected, what type of planning will safeguard your assets and your family?   (06:03) Getting your thoughts in order and sharing them with your family can never be done too soon. Communicating can lessen concern, stress, and disagreements. (09:41) Some illnesses take time to progress, which can provide the opportunity to plan. But with a sudden tragedy, it's best to be prepared ahead of time. (10:47) Bellomo & Associates' building is equipped with fire and flood retardant storage to protect your original documents. Additionally, the documents are scanned and the digital versions are held offsite.     (12:12) Storing key documents with a professional can safeguard the documents from loss and also from those who might have less-than-honorable intentions.  (21:27) Not all planning requires the involvement of a law firm and not all discussions with family require that you share every detail. The important thing is to get everyone on the same page.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more. LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

You may have been told by family, friends, or even your financial planner that you should avoid the probate process by adding a joint owner to your financial accounts and/or by designating a beneficiary for your assets. But be aware. While you save upfront costs, you lose control of your assets and open your family to unintended consequences, which can be much more costly in the long run.   There is a better way to avoid probate. We encourage you to share this discussion with the people in your life so that everyone understands the smart alternatives to avoiding the probate process.   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:47) Probate is the legal process by which we carry out a person's wishes at the time of their death when they own assets in their name only with no designated beneficiary.   (05:50) Some people want to avoid probate to avoid the associated fees. This can be a good strategy if done correctly. (07:39) Avoiding probate does not avoid taxes.  (10:45) Joint ownership of assets or passing assets directly to a beneficiary can unintentionally undermine the wishes of the deceased. (11:48) After the death of a spouse, joint ownership of assets during a second marriage can jeopardize the inheritance of the children from the first marriage. (13:45) A Will does not go through probate if the assets named in the Will are jointly owned.  (16:06) Probate can be avoided when assets are transferred to a trust at the time of a person's death. The assets are protected immediately, and they are not subject to the five-year lookback period for Medicaid eligibility.    (20:40) Trusts are a great way to protect your assets for your family's use, avoid unintended consequences, and ensure that your wishes are honored.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

At Bellomo & Associates, we are committed to client education. In this episode, Jeff discusses the differences between a Special Needs Trust and a Supplemental Needs Trust as part of that commitment. Our Special Needs Workshop offers another opportunity to learn these key concepts. Our Estate Planning Workshop focuses on pre-planning activities such as Wills, Powers of Attorney, Asset Protection Trusts, etc.  If you or a loved one will need skilled care in the next six months to a year, our Medicaid Workshop would probably best serve you. The Life Care Planning Workshop allows you to help a loved one age in place. Our licensed social workers share their valuable expertise with you. After the loss of a loved one, you can attend our Administration Workshop where you'll learn how to administer the estate properly.  Call (717) 845-5390 or visit https://bellomoassociates.com/workshops/ to learn more or register for our free, educational workshops.   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (05:39) Our Special Needs Workshop looks at special needs trusts (also known as first-party trusts or payback trusts or d4A trusts), supplemental needs trusts (i.e., third-party special needs trusts), pooled trusts, ABLE accounts, and more.  (09:00) A third-party special needs trust is created and funded by someone for a person with a disability. A first-party special needs trust is created and funded by the person with the disability. (10:47) The terms “special needs trusts” and “supplemental needs trusts” are essentially interchangeable.   (16:51) “First-party special needs trust” and “third-party special needs trust” are clearer terms and the rules for each are different. A first-party special needs trust provides for the state to get repaid up to the amount of care provided. A third-party special needs trust does not repay the state.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/          

James Kabrhel, Ph.D., and Jeff Bellomo were college roommates more than 20 years ago and have remained good friends ever since. Today, Jim is an associate professor of chemistry at the University of Wisconsin–Green Bay. Jim and Jeff reflect on the importance of mentors, relationships, hard work, finding the right environment, and playing to your strengths.    Check out Jim's science podcast: Baloney Detection with Dr. K.     WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:35) Raised in East Stroudsburg, Jim found a home away from home at Juniata College. In choosing a college, he recognized that a smaller school would be a better fit for him.   (06:05) Jim's high school science teacher inspired his interest in chemistry. At Juniata, his chemistry professor deepened Jim's desire to pursue chemistry as a career.  (07:51) Jim earned his Ph.D. in organic chemistry from the University of Minnesota, Twin Cities. The environment and his advisor had a tremendous influence on Jim's ability to thrive.  (13:19) At Juniata, Jeff's three roommates all studied the hard sciences, which led to some funny moments for him. Looking back, Jeff and Jim recognize that everyone has their own special set of strengths, but there is no substitute for hard work.   (16:35) Jim and his wife, Amy, first bonded over Harry Potter. Today they share a home in Wisconsin right on Lake Michigan.  (22:03) Higher education is going through an interesting time of change.   (23:37) Amy is also an associate professor. In addition to traditional chemistry classes, she and Jim teach sustainability chemistry, scientific literacy, and an intense organic chemistry boot camp. (25:58) Jim's research into pseudoscience and misinformation in product marketing is the focus of his podcast:  Baloney Detection with Dr. K.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

The focus on client education at Bellomo & Associates stems from Jeff's commitment to ensuring that what happened to his family doesn't happen to yours. When Jeff Bellomo was a law student and his mother was ill, the family needed information about care options and how to pay for them, but help was nowhere to be found. Today, the free workshops offered by Bellomo & Associates set the standard for education in estate planning, crisis Medicaid planning, life care planning, special needs trust planning, and probate and trust administration. You can never have too much knowledge, education, or information. So, join Jeff as he describes our workshops and who should attend.    To register, go to https://bellomoassociates.com/ or call 717-845-5390.   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:43) Our Estate Planning Workshop is for those interested in pre-planning, as opposed to our Medicaid Crisis Planning Workshop, which is most appropriate when a loved one will need skilled care within the next six to 12 months.  (04:56) Skilled care means help with several daily activities (e.g., eating, bathing, dressing, toileting, transferring, or walking).   (05:57) When there is no immediate need for skilled care, attend the Estate Planning Workshop. Pre-planning gives you a jump on fulfilling the requirements of Medicaid's five-year lookback period.   (10:09) At the end of our workshops, a team member will explain your options and the costs of planning. You are free to move forward with the process or not.   (15:41) Our Life Care Planning team includes two licensed social workers, a registered nurse, and other team members who are there to assist your family. (21:54) Our Special Needs Trust Workshop is for those who are already receiving public benefits but will be losing the benefits due to an inheritance, settlement, excess income, etc.   (24:16) The Probate and Trust Administration Workshops help you understand what is needed to conduct probate or trust administration after your loved one has passed.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Putting your house in a trust has many benefits—from financial savings to peace of mind. You can continue to live in the home and control the property. You can avoid the capital gains tax, the 2% transfer tax, and the inheritance tax while still qualifying for the homestead exemption and the Clean and Green tax benefit. And, of course, a trust protects your assets to pass the wealth to your loved ones.    In this discussion, Jeff Bellomo—an experienced estate planning and elder law attorney with a master's degree in taxation—explains planning techniques for estates with a net worth in the $300,000 to $5 million range.     WHAT YOU NEED TO KNOW   (00:00) Episode introduction. (02:40) A trust is a legal contract between three parties. The grantor creates the trust, the trustee controls it, and the beneficiary receives it.   (06:56) A grantor can also serve as the trustee and live in the home, much like a beneficiary. The grantor is taxed at individual income tax rates.   (08:01) As a trustee, a grantor can sell the home, buy another home, and avoid the capital gains tax if they live in the home two out of five years as their primary residence.   (08:53) If the trust provides only for lineal descendants or siblings, there will be no transfer tax. Use an experienced estate planner to still qualify for the homestead exemption.  (12:44) A grantor trust will not jeopardize the Clean and Green tax benefit.  (13:00) If there is a current mortgage on the primary residence, it can be added to the trust. Be sure to continue to pay on time.   (16:17) It's wise to create the trust when a person or a couple is younger so that the Medicaid five-year lookback period does not pose a problem. (20:04) A trust allows the family to protect accumulated equity, access funds to enhance the grantor's life, and keep the grantor in the home.   (21:35) Ultimately, a trust provides flexibility and peace of mind. The family knows that the grantor(s) and the house are protected.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

As we look to 2025, Jeff shares Pennsylvania's updated estate and gift tax numbers. We invite you to attend our free Medicaid workshop to understand how these numbers can affect your Medicaid eligibility. This is also a good time to emphasize the importance of planning for your family's financial future. Be sure to choose a law firm with experienced and licensed attorneys in estate planning and elder law. Jeff offers tips on how to find professionals that are right for you.     Register for our free workshops: https://bellomoassociates.com/workshops/   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:43) In 2025, the annual gift tax exclusion amount will be $19,000. The exemption amount will be $13.99 million for an individual or $27.98 million for a couple.   (08:15) To qualify for Medicaid, you must spend down your assets to either $2,400 or $8,000 depending on your income. If your monthly income is greater than $2,901, you can have $2,400 in assets. If your income is less than $2,901, you can have $8,000 in assets.  (09:38) The monthly personal needs allowance will be $60.00.   (10:03) For a married couple, the community spouse can keep 50% of the couple's total assets—but no less than $31,584 and no more than $157,920.   (11:21) The community spouse will be allowed a minimum monthly income of $2,555. If the community spouse's income is less than this amount, they may keep a portion of their spouse's income to reach the minimum. The maximum allowable monthly amount will be $3,948.   (11:57) Gifting money during the Medicaid five-year lookback period can cause a delay in Medicaid eligibility. The 2025 penalty divisor will be 399.80.   (13:37) The minimum home equity exemption will be $730,000. The maximum will be $1,000,097. (14:10) The home maintenance deduction will be $989.10. The heating standard will be $750 or $401 for non-heating. The excess monthly allowance will be $767. The Medicare Part B premium will be $185.  (15:15) Some current tax rules are expected to sunset at the end of 2025.   (19:28) Beware of recent trends in estate planning. Choose only experienced and licensed estate planning and elder law attorneys to help you develop a plan that protects your family's financial future.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more. Bellomo & Associates workshops: https://bellomoassociates.com/workshops/   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

We get great questions from our clients and others daily, so we've put together a potpourri of questions and answers about estate planning. We believe education is the key to making smart decisions, and we are here to help. Check out our website to learn more about our free educational workshops.   Thank you for sending in your questions—keep them coming! Jeff is happy to explain and break things down to make The Red Wagon Estate Planning and Elder Law Show as helpful and relevant as possible.    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:03) What is estate administration?  (05:38) Who performs estate administration?  (07:52) What's the difference between probate administration and trust administration? What resources are available to help the executor understand and conduct estate administration?  (09:42) How much does estate administration cost?   (11:11) What is estate planning, and does it help me while I'm still alive? What is the benefit of having a financial power of attorney and a medical power of attorney?  (13:18) What is the value of estate planning for my family after I've passed? What is a memorandum of personal property?  (16:37) Why do I need estate planning when Pennsylvania has an intestate succession statute?   (20:02) I don't have children. Do I really need estate planning?   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Divorce can significantly impact your estate plans, so knowing how to update your documents and beneficiary designations is essential. Jeff discusses the key steps to take after a divorce. He guides us through important topics like updating your full inventory of estate planning documents, protecting assets for children from previous marriages, ensuring the financial future of blended families, and preparing for long-term care as you age. This practical advice will help you safeguard your medical and financial plans as life circumstances change after divorce.     WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:33) Immediately after a divorce, update your estate planning documents and change all beneficiary designations. This includes medical and financial powers of attorney (PoA), trusts, last will and testament, life insurance, retirement accounts, annuities, etc.   (04:55) If you want to make changes to your documents before the divorce is final, talk to your attorney to ensure that you're not violating any laws or agreements.   (06:29) Before getting remarried, talk with your attorney about pre-nuptial agreements and elective share rights.   (09:40) Regarding elder law and long-term care, remarrying later in life could put your assets and/or Medicaid qualification at risk. Talk with your estate planning attorney.   (15:27) Before re-drafting your documents, consider each document separately. Relationships and responsibilities of new spouses and children from earlier marriage(s) can affect decision-making.  (18:32) In blended family situations, trusts are often used after death to determine distribution of assets. And sometimes, it makes sense to name a neutral, professional third-party as trustee. (23:36) In all planning documents, make your wishes as detailed and clear as possible. This is especially true when your medical PoA includes a living will (aka an advanced health care directive).   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

In response to listener requests, Jeff explains financial planning options for individuals with special needs. In addition to common estate planning tools, you'll learn about third-party and first-party special needs trusts, pooled trusts, and ABLE accounts. These strategies can help safeguard governmental benefits and create long-term financial stability for your disabled loved one.   WHAT YOU NEED TO KNOW (00:00) Episode introduction.   (02:35) A common estate plan can include a financial power of attorney (PoA), a medical PoA, a living will, and a last will and testament.    (03:42) A trust is a legal contract between three parties, the grantor (the person who creates it), the trustee (the person who controls it), and the beneficiary (the person who receives it).     (04:14) It's smart to set up a financial PoA and a medical PoA when a child, who has capacity to make decisions for himself or herself, turns 18. A child who does not have capacity to make decisions will likely require a guardianship hearing.     (08:08) To provide for a family member with a disability who is receiving public benefits, you can create a third-party special needs trust. The money is not left outright to the person with the disability because that can put their public benefits at risk.     (14:55) Most public benefit programs have a $2000 limit. The person with the disability is allowed to have no more than $2000 in their name. When that amount is exceeded, the person can create a first-party special needs trust, also known as a payback trust.   (18:31) A pooled trust is a type of special needs trust run by a charitable organization. It combines the funds of multiple beneficiaries into a single trust.    (20:22) An ABLE account is less expensive to set up but still provides access to money. There are limits and restrictions on this type of account, however.    ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

When Pam Witwer started her business, Lancaster PA Notary, she sought an attorney to act as a strategic partner. After some stealth vetting of Bellomo & Associates, she knew she had found a team with a stellar reputation that shared her values and commitment to customer service.   Pam travels to seniors in the community to provide notary services at their locations. Her work is not limited to seniors and estate planning; she is trained in mortgage loan closings, international document authentication, and other areas.  The collaboration between Pam Witwer and Bellomo & Associates is so highly valued that the firm encouraged her to offer a second type of service—providing power of attorney, health care advocacy, trustee, and/or executor services. All of these relationships are built on trust, and that's the backbone of Pam's work.  To learn more, visit https://lancasterpanotary.com/, email pam@lancasterpanotary.com, or call (717) 413-7213.     WHAT YOU NEED TO KNOW   (00:00) Episode introduction. (07:56) A notary is a trained and certified public official who witnesses the signing of important documents and verifies the identity of the signer.   (09:28) Pam is a senior-focused traveling notary. She goes wherever her clients need her—their home or residence, a hospital, a rehab facility, hospice, memory care, etc. This mobile service speaks to Pam's belief that seniors are an underserved segment of our population.  (11:15) It can be challenging for Bellomo & Associates, as an estate planning and elder law firm, to send a notary out to work with seniors, so this trusted collaboration with Pam is a great benefit to the team.  (12:01) It's not unusual for a person to be without family or a trusted friend who can serve as power of attorney, health care advocate, trustee, or executor. In other cases, a backup is needed. Recognizing this underserved specialty and knowing Pam as a trustworthy and reliable collaborator, the Bellomo team encouraged her to expand her service offerings. This prompted Pam to launch Lancaster PA Executor Services.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more. LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/  

Christine Oyler, Services Planning Coordinator at Bellomo & Associates, is the firm's Medicaid team member. Since 2016, Christine has used her nursing experience and Medicaid knowledge to help clients better understand the Medicaid system and make the best choices for themselves and their families. As part of this work, she sits down with Jeff to discuss some of the lesser-known factors that can affect your asset protection strategy and Medicaid eligibility.   WHAT YOU NEED TO KNOW   (00:00) Episode introduction.   (03:15) A “529 account” helps people save for educational expenses. However, a 529 account could affect your eligibility for Medicaid.      (06:22) Funds in a “uniform transfer to minors account” are exempt from Medicaid eligibility even within the five-year lookback period.    (07:23) When filing a Medicaid application, estranged spouses must prove that they are living separate lives with separate finances. A hearing may be necessary.   (10:48) Divorcing and giving the “community” spouse 100% of assets to gain Medicaid eligibility is a red flag for possible fraud. Additionally, this scenario limits protection of the community spouse's assets.     (14:20) When people get married and enter into a prenup to keep finances separate, the state can still make a claim on the resources of the community spouse. The same applies to postnuptial agreements.    (16:47) Some blended families have wills designed to keep inheritable resources separate for the “original” children. This does not protect the assets of the community spouse.     (19:05) Continuing care retirement communities (CCRCs) often have a “benevolent fund” available to pay for care if a person—who is not yet in skilled care—runs out of money. There are many factors to consider under this scenario.   (24:26) Having your assets in a trust would not necessarily disqualify you from entering a CCRC. But, at the least, you likely would need to have sufficient funds in your name alone to buy in. Estate planning options are available to manage this scenario.     (27:57) Typically, a benevolent fund contract will restrict the amount and type of gifting that is allowed while the contract is in force.     ABOUT BELLOMO & ASSOCIATES   Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

We're thrilled by the level of engagement we see in our clients and podcast listeners. Your questions are always welcome because understanding the concepts in estate planning and elder law helps you make the best decisions for you and your family. Lately, we've received a lot of inquiries about trusts so we will dedicate two episodes to a deep dive into asset protection trusts.  If you're a regular listener, you have the foundational knowledge to follow along with this in-depth discussion. However, if you're new to our podcast, we recommend starting with our earlier episodes that cover trusts and other topics at an introductory level. And, if you're in Pennsylvania, we'd love for you to join us at one of our free educational workshops. Check out our website or give us a call to learn more.   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (03:20) What type of trust does Bellomo & Associates use for asset protection and tax purposes? Are revocable trusts used for asset protection? (09:40) Are pure grantor irrevocable trusts widely used? Should I use Google to learn more about them?  (10:19) How do trusts work with continuing care retirement communities (CCRC)? What if I don't plan on using a CCRC, but then I change my mind?  (13:19) How do trusts handle different types of real estate—a primary residence, vacation homes, and rental properties, etc.? What's the difference between ownership and control of properties? How are expenses paid for?  (18:00) When is it too late to set up a trust? What is the difference between pre-planning and crisis planning? What activates the five-year lookback period?  (23:37) Is an asset protection trust, as used by Bellomo & Associates, the same thing as a domestic asset protection trust?   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Carolyn (Carrie) Pugh is an attorney with Bellomo & Associates. In addition to elder law and estate planning, she is experienced in family law, custody conciliation, Social Security disability, and other areas that make her the perfect person to sit down with Jeff and answer your questions about the legal guardianship process.     WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:40) In Pennsylvania, pursuing guardianship requires a court proceeding where a judge must determine whether a person is incapacitated and whether to name someone to be that person's guardian. (03:17) Often, a guardianship proceeding occurs when people have an adult child with special needs—they've never had and never will have the capacity to decide if they need a power of attorney.   (04:32) A guardianship proceeding can also occur if someone has lost the capacity to name a power of attorney because of dementia, a traumatic brain injury, etc. (05:45) Competency is a medical term; capacity is a legal term. A doctor's testimony is necessary for a judge to determine capacity. (06:30) For competency, a doctor must complete a lengthy form outlining a person's abilities or appear before the court as a witness.  (08:52) Each county in PA has different local rules. Use an attorney familiar with your county's requirements. (12:17) A guardianship hearing is a last resort. Preferably, the person in question has a power of attorney that is current and drawn up by a qualified attorney. (16:36) Guardians are subject to more oversight than a person with power of attorney. A guardian is responsible for filing an annual accounting of finances. Some expenses must be approved by the court.   (21:01) The alleged incapacitated individual and immediate family members must be served notice at least 10 days before the hearing.   (22:37) A third-party can be assigned to serve as guardian if there are no family members or no appropriate family members available. (25:08) Guardianship hearings are not considered an emergency unless a decision must be made immediately, such as consent for a medical procedure.    ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/        

Fran Gibbons is the senior director of development for the Greater Pennsylvania Chapter of the Alzheimer's Association. The organization serves western, central, and northeastern Pennsylvania, helping people with Alzheimer's disease and all other dementias. Fran's fundraising efforts provide support groups and educational resources while advancing crucial research and public policy initiatives. The Walk to End Alzheimer's® is the world's largest event to raise awareness and funds for Alzheimer's care. Visit the chapter's website to sign up as an individual walker or part of a team. You will also find other virtual and in-person events, helpful caregiver resources, and different ways to donate at https://www.alz.org/pa  Helpline: (800) 272-3900    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (02:32) Fran works with partners, sponsors, and teams doing peer-to-peer fundraising for the Walk to End Alzheimer's events and related programs. She also works with individual constituents and groups to educate and raise awareness of all dementias. (04:11) Fran covers about 42 counties in Pennsylvania, from Lancaster to Johnstown and all the way to the New York and Maryland borders.   (05:15) About 76% of the funds raised stay within the community to help with support groups, train individuals to educate, and conduct local research. The organization and its partners also provide resources and services for those living with any of the dementias.  (11:24) If a family member is starting to show signs of dementia or receives a diagnosis, visit the Alzheimer's Association website. Better yet, call the helpline at (800) 272-3900. Care consultations are available in over 200 languages. The master consultants can provide a variety of services and also put callers in touch with attorneys and other local professionals and resources. (14:54) Members of the PA chapter team are happy to meet with folks out in the community. The team supports people and caregivers dealing with all types of dementia.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Joshua Hummer found that he had a passion for helping people with the intricacies of elder law and estate planning. However, he soon noticed a recurring issue among his clients. While his work fulfilled their needs for wills and trusts, it did not address their deeper concerns about family relationships and values. Recognizing this, Josh developed ways to use estate planning to help his clients strengthen their relationships and add extra meaning to their legacies. Josh's firm, Relational Estate Planning and Elder Law, is an innovative legal practice with two locations in Northern Virginia. He has co-authored a book and gives popular presentations on relational estate planning and other topics. You can learn more online or call Josh at the office numbers below:   Relational Estate & Elder Law  https://relational.law/  Winchester, VA: (540) 931-7078  Ashburn, VA: (571) 498-9009    WHAT YOU NEED TO KNOW (00:00) Podcast introduction.  (02:40) While working with clients, Josh realized the need for what he now calls "relational estate planning.”   (06:13) Discussions of aging, death, and inheritance are about more than just property and taxes—they're about family and friends and relationships. Estate planning and elder law provides a unique platform to consider and discuss those bigger relationship issues. (11:28) When estate planning, people learn that some basic actions completed ahead of time (e.g., leaving notes or videos) can have a tremendous impact on the survivors' well-being and the way they respond to grief.   (15:04) A financial and/or medical crisis can be particularly challenging and emotional when there is a lack of planning for Medicaid or long-term care. Without pre-planning, people will be forced to make difficult decisions on the fly. That's a lot to ask of loved ones. The emotional toll and stress between parents and children or among siblings can be devastating.  (25:57) The cornerstone tool for relational planning is an “ethical will.” The idea is to be intentional about leaving your values and beliefs behind. It's not just about money and property; it's about leaving a meaningful legacy.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Jay Metzbower, Jr., is an attorney at Bellomo & Associates. After 10+ years in civil service, Jay decided to change careers and poured his dedication to community service into his education and the practice of elder law and estate planning. He can often be found leading one of Bellomo's many workshops or discussing with his colleagues the latest laws, regulations, and best practices in the field.  Jay has two young sons, a penchant for motorcycles, and loyalty to the Baltimore Orioles and Ravens. His mission is to provide his clients the same experience he would want for his family.    WHAT YOU NEED TO KNOW (00:00) Episode introduction. (01:42) Bellomo's next financial and healthcare professional boot camp will be in September in York, PA. CEUs are available for CFPs, CPAs, RNs, and many others. (02:39) Jay is originally from the suburbs of Baltimore. He was a Hartford County Sheriff for 12 years. A tragic incident involving two colleagues convinced him to change careers and pursue a law degree. (05:42) While in law school, Jay was introduced to Jeff and met the folks at Bellomo. This prompted him to focus on elder law and estate planning through the remainder of school and into practice. (08:17) Jay has always had a passion for helping people, especially those who are underserved or don't get as much help as they should. (09:55) Jay conducts many of Bellomo's workshops and has a knack for explaining complicated concepts in ways that are easy to understand. (13:13) Jay is a huge motorcycle guy and developed his love for bikes at a young age. To date, he has traveled to 20+ states via motorcycle. (15:53) Asset protection can be especially messy for blended families and misinformation in this space can be very costly. Unfortunately, not all law school professors keep up with best practices in elder law and estate planning.  (25:18) Jeff and Jay explain the anticipated changes to, and impact of, the federal estate tax in 2026.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Jeff Bellomo has a knack for finding talent outside normal avenues. And so it was when Amber Rivera waited on Jeff's table during lunch over ten years ago. Since then, Amber has been a key player at Bellomo & Associates. As client relationship manager, she exemplifies the very best of customer service ideals. She guides her clients and supports her teammates with competence, empathy, and professionalism. As a result, her relationships reflect her compassionate nature and the strong bonds she forms with others.   What You Need to Know  (00:00) Podcast introduction. (06:17) Amber believes that providing great customer service is imperative—and it has become a defining quality of the culture at Bellomo & Associates. As a result, many clients become like family, especially members of the Red Wagon Club. (11:28) Pro tip:  Science confirms that when you smile, you sound happier.  (11:56) After 17 years together, Amber and her man are now husband and wife. Jeff was honored to be asked to walk Amber down the aisle.  (16:10) It's important to Jeff that people feel he is approachable on any issue. This type of supportive, service-oriented leadership inspires Amber and others to go the extra mile. (22:13) If you're in the area and looking for an elder care and estate planning law firm, Amber encourages you to check out Bellomo & Associates. Clients benefit from and appreciate the creative ideas, customer care, and work ethic exhibited by the team.  (24:01) Amber has started assisting with the firm's life care planning function. She enjoys helping Bellomo's client care advocate, Meg Motter, coordinate services and assistance. Most of all, Amber is dedicated to helping family caregivers who often struggle with overwhelming demands.    About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Today, many seniors live longer—often farther away from family—and want to avoid continuing care retirement communities (CCRC). They'd rather age at home in familiar surroundings. But, aging at home usually requires some degree of assistance, which can be difficult to find. Jeff's guest, Melissa Ressler, is the executive director of Lancaster Downtowners, a special and creative membership-based group that enables seniors to age at home.   Learn more at www.lancasterdowntowners.org or follow on Facebook at https://www.facebook.com/lancasterdowntowners/. You can reach Melissa directly at (717) 584-1224.  WHAT YOU NEED TO KNOW (00:00) Podcast introduction.  (02:04) Dependent largely on volunteers, Lancaster Downtowners is a village model nonprofit—one of over 300 across the country—that makes it possible for people to age at home in their community.   (02:58) Many members live in an apartment or condo, but others live a little farther out and some even have a bit of land.  (03:43) Instead of providing the range of services you'd get in CCRC, a village provides social connections and support with everyday tasks.   (03:56) Lancaster Downtowners offers three types of help. Social connections: events, support groups, walking groups, etc. “Just One Call” program: transportation, technology assistance, etc. Home and life maintenance: yardwork, snow shoveling, medical notetaking, etc.   (07:18) There are about eight villages in Pennsylvania. The newest one serves York County. (07:51) Membership fees are tiered based on income. Dues range from $0 to $15 per month.   (08:17) Call or fill out an application on the website to see if membership makes sense for you. For some needs, the team will connect you with other service providers (e.g., Meals on Wheels) to help you thrive at home.   (10:58) The service provider directory includes only those recommended by other members.   (12:04) Some members have given up their vehicles. Weekly grocery shopping trips, medical appointments, and all kinds of errands are manageable with volunteer drivers.   (18:42) The Lancaster Downtowners serves all of Lancaster County with a concentration in metro Lancaster.    ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Jeff answers some questions that have been coming up in our conference rooms, workshops, and elsewhere. Generally, if a couple of people ask the same question, then we know that other people are thinking it, too. And, since we're dedicated to education here at Bellomo & Associates, we like to jump in right away and clear up any confusion that might be out there. We want everyone to understand the tactics we recommend—and why we recommend them—for estate planning, elder law, and asset protection.     What You Need to Know  (00:00) Podcast introduction.  (02:37) Bellomo & Associates says the firm offers free workshops, but I'm skeptical because “nothing is free.” So, what's the catch?  (04:04) I don't have children. How can I find someone to act as my financial power of attorney and/or medical power of attorney? Executor? Backup trustee? To whom should I leave my assets? What about tax consequences?  (11:00) Should I even worry about estate planning if I don't have children?   (12:08) Estate planning workshops conducted by non-lawyers (i.e., financial advisors, insurance representatives, etc.) seem to be growing in popularity. Should I consider attending these workshops?  (18:06) Bellomo & Associates recommends that I use estate planning and elder law attorneys to protect my assets. But other people have told me to avoid lawyers, probate, and the related costs. I don't know what to believe. What is probate anyway? Please help me understand.  (28:02) Do I really need to use an attorney who is certified?   About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Carolyn (Carrie) Pugh brings a breadth of knowledge and a team-oriented attitude to Bellomo & Associates. In addition to her work in elder law and estate planning, she has extensive experience in family law, youth advocacy, and Social Security disability, among other disciplines. She loves people and helping others, but animals figure prominently in her life as well. Carrie studied animal science at Penn State before receiving her degree from Dickinson Law. She is active in her local community and, as you will hear, greatly values the community she has found at Bellomo & Associates.     What You Need to Know  (00:00) Episode introduction. (04:15) Carrie's first job as an attorney was a clerkship with the Honorable Joseph C. Adams, who encouraged her to take up family law after clerking. Eventually she began representing foster children and youth and served as a mediator and conciliator in custody cases.  (06:33) When Carrie connected with Bellomo & Associates, she realized that elder law and estate planning and her work with children and youth offered similar rewards—helping and educating others.  (08:19) Carrie loves participating in Bellomo's workshops because afterward the attendees are much more knowledgeable and understand the process.  (09:37) Carrie is a long-time horse lover who competed when she was younger, but now is content trail riding with her dog by her side.   (14:54) Carrie's family has a place at Moosehead Lake in Maine. It's near the end of the Appalachian Trail and has been the family's vacation home since 1965.  (19:20) Carrie loves Bellomo & Associate's atmosphere of caring, teamwork, and supportiveness—everyone is always looking out for each other as well as the clients.  (24:53) Jeff has received tremendous feedback about Carrie from clients. In addition to the workshops, informal events like the annual picnic offer team members and clients key opportunities to strengthen their relationships.   (27:38) Whether it's adding new team members or new clients, the best outcomes happen when everyone feels comfortable and is free to be themselves.   About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Jeff welcomes retired attorney and businessperson Susan Hunter. Before developing a state-of-the-art indoor dog park and boarding-grooming-training facility in Nevada, Susan ran a successful elder law firm in Indiana. Back then, Susan and Jeff took time from their practices to co-teach a systematized approach of practice to elder law, estate planning, and asset protection attorneys. Through their work as Lawyers with Purpose® members, Susan and Jeff significantly contributed to what is now a nationwide network of highly skilled and effective estate and elder law attorneys. BARK! Canine Club & Resort:  Call (702) 306-6146 or visit https://barkcanineclub.com/ Indiana Estate & Elder Law:  https://www.indianaestateelderlaw.com/ Lawyers with Purpose®:  https://www.lawyerswithpurpose.com/    What You Need to Know  (00:00) Episode introduction. (03:05) Susan's former partners and successors, Justin Schuhmacher and Jenny Rozelle, have renamed the firm to Indiana Estate and Elder Law.   (04:14) Susan and her husband started BARK! Canine Club & Resort. The 14-acre-complex includes a state-of-the-art facility for boarding, grooming, and training and a 5,000-square-foot indoor dog park designed for comfort and safety out of the desert heat. (09:26) The Mesquite BARK Foundation is a 501C3 that benefits dogs all over Southern Nevada and Southern Utah.   (11:07) Susan developed an interest in elder law when she saw that her grandmother needed assistance with elder law issues but didn't trust attorneys.   (12:26) Susan's professional turning point came when she connected with Lawyers with Purpose (LWP).   (18:07) The best way to learn something is to teach it.  (19:47) Susan helped Jeff see how a maintenance program would benefit his clients. This led to The Red Wagon Club. (23:56) As co-trainers for LWP, Jeff and Susan helped grow a network of lawyers who can say, “yes, I will find you someone who does it the way we do it.”  (27:16) The business practices taught by LWP are transferable, universal practices.   About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Jeff's guest is Julie Cassaday, a certified life coach and Level II Reiki Healer, whose unique approach to personal development and empowerment has transformed lives. Julie helps individuals reveal the best of themselves by untangling the obstacles to their goals. In addition to private coaching and Reiki, her work extends to communication and organizational training in workshops, webinars, and retreats. Her dynamic presence makes her a favorite keynote speaker with groups of all kinds and sizes. With a distinctive set of skills and a gift for connecting with others, Julie also is a passionate advocate for caregivers, an underserved group that both provides and deserves special care. Connect with Julie Cassaday of Tanglewood Life Coaching on Facebook and LinkedIn. Or, reach out by phone, email, or her website. Call: (443) 250-6360 E-mail: julie@tanglewoodlifecoaching.com Website: https://www.tanglewoodlifecoaching.com/   WHAT YOU NEED TO KNOW  (00:00) Episode introduction. (02:44) Julie gives the background on Tanglewood and how it got its name. She believes her work is to help people clear away the brush to reveal the best version of themselves. (04:54) She studied mass communications and organizational and broadcast communications in college. Here studies revealed a love of connecting with people. (06:01) Julie jumped at the chance to give up a 30-year career in sales so that she could pursue work as a life coach. (07:11) Having two parents with dementia led Julie to the Alzheimer's Association and, eventually, a Reiki certification. (10:34) As a communications trainer, Julie speaks at employee development classes, conferences, etc. She offers a selection of popular sessions or custom-designed programs. (13:03) Life coaching is meeting someone where they are today, assessing their goals, and reminding them of who they are at their core.  (16:07) Having served as a caregiver for her parents while parenting her own children, Julie understands the demands. This drives her to advocate for caregivers of all types. (22:28) Julie is seeing an increase in dementia in people under 65, which is especially devastating emotionally and financially.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Finding the right senior living community for yourself or a family member can be overwhelming, emotional, and time-consuming. Assisted Living Locators is a nationwide network that helps seniors find the community that best meets their needs. Rick Campomizzi, owner of the local Harrisburg-based office, provides free, personalized service and expert guidance through what can be a maze of confusing options.   To learn more, call Rick at (717) 802-1074, email rickc@assistedlivinglocators.com, or visit https://assistedlivinglocators.com/harrisburg.     What You Need to Know   (00:00) Episode introduction.  (03:52) Rick is familiar with a range of care communities, including independent living, personal care, memory care, assisted living, and skilled nursing communities.   (05:26) Rick's service is free. His PA coverage spans five counties and 155-160 senior living communities.  (06:23) Rick starts with an assessment of the senior's needs and desired geographic area. He provides an overview and pricing for a few select communities and then sets up tours as desired. He goes along on the tours and advocates for the family.   (09:42) Rick serves multiple counties in south central PA and any county that is not handled by another franchise. When another area is covered, Rick will work with his counterpart to help the senior find the right fit. (12:24) Some seniors don't have family or don't have family in the area. Those who help seniors navigate the complexities of elder care resources provide an invaluable service.   (14:06) Rick keeps current on the different communities, the staff, and the leadership. He watches for changes that could affect performance and is careful about the recommendations he makes.   (18:50) Different communities offer different service levels. Understanding these details is key to good decision-making.  (20:05) Don't underestimate the power of socialization and activities. Today's senior living communities are not what they used to be.     About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/  

It's that time of year when Jeff provides the newest and most applicable IRS and Medicaid numbers for tax and estate planning purposes. Many of these numbers are discussed in our free, educational workshops. Jeff also likes to review them here along with related questions we get from our clients.   WHAT YOU NEED TO KNOW   (00:00) Episode introduction. (05:50) The federal estate tax limit is now $13.61 million per person or $27.22 MM for a married couple.  (09:14) The annual exclusion gift is set at $18,000 per person per recipient per year. Ask your tax preparer if you should file a gift tax return.  (10:40) For Medicaid purposes in Pennsylvania in 2024, the income limit is $2,829 per month. If your income is greater than the limit, you're allowed $2,400 in resources. If less than the limit, you can have $8,000 in resources.   (11:20) To be eligible for waiver services in the home, your income must be less than $2,829 + $500 per month. Talk to your financial professional.   (12:17) For a community spouse's protected share amounts, the maximum is 50% of the assets, but no more than $154,140 and no less than $30,828.  (12:59) To calculate penalty for gifting during look back period and days until Medicaid eligibility for nursing home or waiver, use the amount gifted divided by $379.65 per day or $11,547 per month.  (14:04) The Minimum Monthly Maintenance Needs Allowance (MMMNA) refers to income limits for the community spouse. The maximum is $3,853.50 and the minimum is $2,465.   (14:20) The excess home minimum is $713,000 and the maximum is $1,071,000. The home maintenance deduction is $965.10 per month. The heating standard is $750 per month and the non-heating standard is $401. The personal needs allowance is $45 per month.  (15:30) A new IRS ruling headline suggests that children are losing step up in basis with irrevocable trusts. This does not apply to the type of trusts used at Bellomo. (19:13) The grantor trust rules in Pennsylvania now mimic the federal grantor trust rules. Nothing will change for most Bellomo clients. (21:30) The IRS announced a potential gift tax for trust beneficiaries. This should not affect you if Bellomo created your trust.   ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates   WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

This is the 2nd part of our examination of celebrity estate plans. Using the real-life stories of some of entertainment's most famous figures, Jeff teaches us valuable lessons that can be applied to our own situations.    What You Need to Know  (00:00) Episode introduction. (02:56) Singer Whitney Houston created a will in 1993. She died 19 years later with the same will in place. The lesson: Keep your will up to date. Be careful about passing large sums of unprotected money to young people. (07:39) Attorney Robert Kardashian—part of OJ Simpson's defense team and the father of Kourtney, Kim, Khloe, and Rob—had a handwritten will. Upon his death, the language in the will was unclear and subsequently disputed. The lesson: Detailed language matters.   (11:44) Actor Heath Ledger died in 2008 with an outdated will that left everything to his parents and sister. So, at the time of his death, Ledger's young daughter was not provided for. His family gifted the inheritance to his daughter. The lesson: Don't rely on others to do the right thing.   (16:20) Musician Prince died in 2016 with $200 million in assets—and no will or trust. Forty-five people claimed to be heirs. By 2018, $6 million had been spent on unnecessary legal fees. The lesson: Formalize your plan. Be detailed and intentional. (19:20) Actress Brittany Murphy named her mother as heir in a handwritten will. When Ms. Murphy got married, she updated her estate plan and used very specific language, again leaving her entire estate to her mother. The lesson: Keep your plan updated and use detailed language. (22:51) Singer Aretha Franklin died without a will or trust. Two contradictory handwritten wills were found in her house. The lesson: Use a professional to create an estate plan. Have only one document stored in a safe, known place.   (26:23) DJ Casey Kasem suffered from dementia in his later years. In 2007 and 2011, he created conflicting documents that put his daughter and his wife at odds over his fortune. The courts were forced to intervene. The lesson: Make your intentions clear.   About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

It might not seem like it, but celebrities are people, too. Their estate plans prove that, just like us, some are forward-thinking and prepared while others fail to protect their assets. Jeff uses the stories of some of the wealthiest and most fascinating figures in entertainment and sports to teach us valuable lessons in estate planning because our legacies matter, too!     What You Need to Know  (00) Episode introduction.  (07:04) Elvis Presley established a trust for his daughter, Lisa Marie. The trust dissolved when she turned 25 and that made the assets vulnerable. The lesson: Use non-dissolving trusts and carefully consider the age and maturity of the beneficiary. (13:10) Actor Philip Seymour Hoffman did not provide for after-born children. The lesson: Add a clause, “and any after-born children” and don't rely on governmental statutes that might not be in place when needed.   (15:50) Jim Morrison of The Doors died with an overly simplistic will. Plans should be able to accommodate the many “what if” scenarios that could be playing out at the time of death. The lesson: Provide for various contingencies and backup the backup. (19:32) Track star Florence Griffith Joyner kept the location of her will a secret. As a result, it took four years to close her estate and members of her family disagreed on what they thought were her wishes. The lesson: Make your document(s) location known and keep the papers in a professional's safe, secure facility. 22:50) Michael Jackson, the King of Pop, created a trust, but he never funded it. Jackson's family spent a lot of time in probate court. With trusts, you avoid probate and keep your business private. The lesson: Fund your trust.  (24:30) Actor Marlon Brando supposedly made oral promises to his long-time housekeeper. His estate plan excluded those promises, and his housekeeper brought a lawsuit. In the end, she won just a fraction of what she allegedly had been promised. The lesson: Document the details.    (26:57) James Gandolfini of The Sopranos had an estate worth $70 million when he died suddenly. He hadn't finalized his plan before leaving on vacation and 55% of the wealth was lost to taxes. The lesson: Work with an attorney or financial pro to make sure your plan is complete.   About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Jeff “inherited” probate paralegal Cathy Montague two years ago when Bellomo acquired a small elder law firm from a retiring attorney. It didn't take long for Jeff and the team to recognize Cathy's experience and value. And it didn't take long for Cathy to embrace her new environment and colleagues. Cathy sits down with Jeff to reflect on her long and impressive career. They discuss how sole ownership and probate can be a good financial planning strategy. Then Cathy shares what she has learned about dealing with families experiencing heightened stress and emotion in the wake of loss. In a more lighthearted story, she explains why a previous client paid in all $1 dollar bills!   What You Need to Know  (00:00) Episode Introduction (03:25) Cathy began her career 37 years ago. She started doing a bit of everything—wills, powers of attorney, deeds, and the like—but eventually became a specialist in probate administration.  (06:35) Cathy finds great fulfillment in helping others. In addition to providing professional guidance and answering questions, she is determined to make this difficult time as easy as possible for folks.  (07:27) The probate process can take up to a year because the estate must be advertised with two different agencies per Pennsylvania law. Creditors have one year to submit a bill from the advertisement date.  (09:25) Sometimes people underestimate the stress that can come with losing a loved one and finalizing the estate. Other times, people are hesitant to complete the probate process because it can feel like letting go of their loved one. (11:33) Cathy describes herself as someone who helps family members after their loved one has passed. She walks them through the process to ensure that they fulfill the activities and deadlines stipulated by Pennsylvania law.  (12:15) Probate administration is needed when the deceased owns assets in his/her name alone. It might seem more convenient to avoid probate by jointly owning all assets, but avoiding probate is not always a wise strategic move.    About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more. LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/  

Jeff welcomes Wade Williams from Integrity Wealth Strategies. With tax, audit, and real estate experience under his belt, Wade found his real passion was helping others as a financial advisor. Jeff and Wade discuss investment management and the process of starting up with an advisor. They also highlight the value of expertise and a client-centric model for legal and financial services. Jeff and Wade round out the discussion with personal reflections on living with purpose, parenting, and values. Jeff also announces a fun, listener-requested enhancement to future podcast episodes! Wade Williams has clients across the U.S. He can be reached at (717) 718-5720. Learn more at https://www.raymondjames.com/integrityws/.   What You Need to Know  (03:27) Integrity Wealth Strategies has a broker dealer relationship with Raymond James. In addition to its trading platform, Raymond James also provides compliance support, world-class financial planning software, and other resources for Wade's clients.  (06:28) Simply put, Wade uses the expertise he's gained in investment management and other areas to help people meet their goals.     (08:44) Even high-level financial pros (CFOs, CPAs, etc.) have learned to rely on Wade instead of trying to manage their own investments. (12:12) Don't hesitate to approach a financial advisor. Wade does not charge a consultation fee. His fees are based on the value of the money managed.  (18:30) Jeff and Wade met because their daughters are friends. In time, the two men became referral partners because they were confident that any referred clients would receive excellent care and service.  (27:27) The two most-downloaded Red Wagon podcasts are the two featuring Jeff's daughter, DeAnna. As a result, DeAnna will be on the podcast more in 2024. Stay tuned!    About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more. LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Jeff welcomes Mark Sussman from Strategic Business Group. Mark is an executive coach, mentor, and family business advisor. He helps leaders widen their perspective on their business, formulate plans to achieve their goals and monitor their progress. Being in charge can be lonely, so Mark also runs a peer advisory group for CEOs and owners. The Small Business Forum is a collaborative and non-competitive environment where members can provide support and learn from each other. If you are a leader interested in growing your business—especially if you're navigating decision-making with little, if any, high-level support or collaboration—consider contacting Mark to learn more: Call: (717) 439-6254  Email: mark@strategicbizgroup.com  LinkedIn: https://www.linkedin.com/in/markysussman  Website: https://strategicbizgroup.com/    What You Need to Know   (02:37) Mark encourages leaders to be growth minded, business growth and personal growth.  (03:21) The Small Business Forum is a dynamic discussion group consisting of business owners that meet to help each other make better decisions about their business and themselves. The forum includes a monthly group meeting and monthly one-on-one coaching for its members. Mark also has clients outside the forum.   (08:26) Mark's initial meeting with a potential client is to learn the owner's goals and determine whether they would be a good working fit. Conversely, the goal discussion helps the owner determine whether Mark would fit their needs as well. (11:28) Listening is key. Coaching is not about loading up clients with new ideas. Instead, it's about helping clients see and understand what they are saying and doing from a different perspective.   (12:43) Mark's qualifications and experience include market researcher, trained moderator, data scientist, MBA, college professor, small business owner, and more. (19:02) Business owners hire Mark usually for one of three reasons: they are not able to take vacations, they want to sell their business, and/or they are thinking about succession.     About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Jeffrey Bellomo is joined by Meg Motter, Life Care Planning Coordinator at Bellomo & Associates. As an experienced, licensed social worker, Meg provides personalized support for elderly individuals dealing with various challenges related to aging, health, and living arrangements. Meg and Jeff share stories of commitment, personal connections, and the critical role of advocacy in health care. It's an eye-opening look at just one aspect of service that differentiates this law firm.   What You Need to Know  (02:42) At 16, Meg decided to pursue social work when she cared for an elderly relative. She graduated Western Maryland College and earned her graduate degree from the University of Kansas. (04:13) A life care planning coordinator's duties vary depending on the needs of the individual and family. Some clients are healthy and well; they live at home and want to stay there so Meg acts as a support or advocate when needed. Sometimes, though, an elderly person's situation is not good. Meg can intervene to determine the services that are needed and assess whether the home is safe. (07:21) A health care advocate is a valuable ally. It's important to have someone who can track, follow up, and understand medical decisions and activity.  (09:58) Jeff hired Meg because he needed someone who could answer questions such as:  How can we make Mom's home safer? Does she need memory care? Does she need skilled care? How should we be advocating for her? (18:39) Meg's willingness to help and advocate for those in need has even extended to non-clients, such as the woman she encountered who was not feeling emotionally safe at home. Meg, her daughter Jennah (Bellomo's chief operating officer), and Jeff all got involved in moving the woman into assisted living. Today, the woman is flourishing, and Meg continues to be involved. (23:34) In a previous episode, Jeff discussed how individuals can use advocates as power of attorney when they don't have family or a support system in place. Meg does not act as power of attorney for her clients.   About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website https://bellomoassociates.com/) to learn more. Bellomo & Associates workshops: https://bellomoassociates.com/workshops/   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/      

Jeff is joined today by Craig Milsten. Craig has worked as an assistant District Attorney and the head of litigation at a large general practice law firm. For the last 18 years, he has been with Katherman Briggs & Greenberg (KBG) Injury Law. Craig is an experienced trial attorney and specializes in personal injury claims.  Both Craig and Jeff have teenagers who are exceptional performers and musicians. York's music community—especially the York Symphony and the Youth Symphony—have greatly influenced their children's musical development. You won't want to miss this discussion, which includes the remarkable musical journey of Craig's son, Andy. What You Need to Know  (04:12) Personal injury law is based on the concept of negligence and a reasonableness standard.  (04:41) Injuries due to negligence can have financial, medical, and emotional consequences.   (07:00) Before joining KBG Injury Law, Craig considered KBG to be the gold standard. Being recruited was an opportunity too good to pass up.  (08:16) Starting a legal career in the DA's office provides terrific career experience. There is no better way to learn the rules of evidence, the rules of procedure, and how the courtroom works.  (09:55) Only a small number of civil cases go to trial. When they do, they can be years in the making and require a tremendous amount of work. (12:20) The goal with every civil claim is to try to resolve it outside of court. A claim only becomes a lawsuit when the plaintiff's idea of a fair resolution doesn't match the defendant's idea.   (12:39) There are risks in going to trial. It can take a long time to get to the courtroom. A trial is typically more expensive. There is also the risk of unexpected outcomes. (15:05) Craig's younger son is a terrific singer and actor, heavily involved in musical theatre. Craig's older son, Andy, is 19 and on the autism spectrum. Currently, he is finishing his first semester as a piano performance major at West Chester University. His story is amazing!     (27:26) Visit the KBG Injury Law website at www.resultsyoudeserve.com.    About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

Jeff's guest is Tina Hess, the owner of Good News Consulting, a training, consulting, care management, and guardianship company specializing in person-centered dementia care since 1998. Members of the team also began serving as court-appointed guardians in 2004. With its advocacy, caregiver training, and resources for professionals and families, Good News Consulting continues to have a profound impact on the quality and availability of dementia care in our state and communities.  The company's website is loaded with wonderful resources. Visit http://www.goodnewsconsulting.com/ and follow us on Facebook at https://www.facebook.com/goodnewsconsulting. To get in touch, call 717-843-1504 or send an email to info@goodnewsconsulting.com.   What You Need to Know  (02:45) Good News Consulting initially offered training and shared best practices in dementia care. Even with the company's guardianship work, everything has always come back to dementia care. They feel as though they've been put here to help those with dementia as well as their caregivers.  (04:26) As guardians, the team does whatever the court appoints them to do. They can help with finances, medical decisions, medication changes, funeral arrangements, and any other responsibilities the court deems necessary. Typically, they serve as legal guardian for people who have been abused, exploited, or neglected. They can also be named for people without family or a power of attorney. (05:44) Pennsylvania has a guardianship tracking system. Guardians must report status annually, at minimum. Some contracts require more frequent reporting.  (06:37) The company gets referrals from protective services, nursing homes, attorneys, etc. (07:45) The Making a Difference in Dementia Care training events rely heavily on great community partners such as Bellomo & Associates. (09:19) Listeners who organize speakers or workshops for their church, business, or community group should consider contacting Good News Consulting for a training session or informational event.  (10:13) Dementia caregiver training and dissemination of resources and best practices can help keep people safe at home longer.  (12:56) Tina developed an interest in eldercare because of her strong relationship with her own grandparents. She majored in long-term care administration and interned at a nursing home where she met and was mentored by the woman who would go on to found Good News Consulting.  (16:07) The Good News Consulting team is highly credentialed, supportive of each other, and well coordinated. (17:35) Contact the company via its website, Facebook, email, or phone. They don't always have someone sitting beside the phone because the team members are guardians and very active in the community, but they will call back as soon as possible.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/    

With the holidays upon us, you might be tempted to gift large sums of money to your children. But Jeff warns against this seemingly generous practice because gifting money and/or assets carries real and potential risks, including loss of control, severe tax implications, and inability to pay for long-term care.  Jeff recommends a more thoughtful and lasting gesture—give peace of mind. Do the things that will serve your children best in the long run. Make sure that your affairs are in order. Have your powers of attorney in place. Pre-plan your funeral. Set up a trust to ensure your money and assets are protected and preserved so that your children can enjoy the peace of mind that you wish for them. What You Need to Know  (02:12)  It's important to understand all the rules before you start gifting money or other assets.   (04:51) Why not gift money? (1) You lose control while you're still alive. (2) You could create a heavy capital gains tax burden for your children. (3) If you need long-term care (LTC), the money might not be available when you need it.  (09:40) If you want to gift money every month, you may gift up to $500 in total—not $500 each to multiple people, but rather, $500 combined per month. (11:57) Nursing homes have a right to sue under the filial responsibility statute, meaning that the children are responsible for their parent's nursing home stay. (13:59) So, what should you give your children? Peace of mind is a great gift. Pre-plan your funeral. Make all of the arrangements. Make sure you have your financial and medical powers of attorney in place.   (18:02) As parents start to look toward the future, many decide to create a pure grantor trust.   (22:10) If you want to learn more about pre-planning and trusts, visit www.bellomoassociates.com or call 717-845-5390. We offer free educational workshops so that you can be well informed.   About Bellomo & Associates Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more. Links and Resources Mentioned Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/