The Plain English Legal Podcast

Medicaid or Moneyball--Part 1 of 4

When faced with a long term care crisis and the accompanying astronomical monthly costs, families often push to keep doing things the same way they always have, just better or more efficiently. They keep pushing ahead with their fingers crossed that, somehow, they can preserve enough money to pay the $10,000+/month nursing home bill and not run out of money. It doesn’t work. They have to think differently. That is exactly what the movie Moneyball was all about. By thinking of things differently, boiling it down to the things that matter and sifting out what doesn’t, the Oakland A’s, one of the poorest teams, were able to achieve astounding results. In this four part video series, Jeffrey G. Marsocci, The Plain English Attorney™, analyzes some key points in the movie that align with how families and professionals should approach the Medicaid Planning process. Check out the FREE webinar "Paying for Long Term Care" at https://www.payforlongtermcare.com #Medicaid #Moneyball #longtermcare #nursinghome #fairuse

5 Warning Signs Parents Might Need Long Term Care Planning

Thanksgiving is a common time of year for families to get together who may not have seen each other in person for months. It is also common for adult children with aging parents to notice a decline in memory and see a need for long term care planning. In this episode, Jeff reviews five common signs of memory decline, how parents can be helped in the short term, and why it might be time to start the planning process sooner rather than later.

#dementia #Medicaid #longtermcare

Seven Things to NOT Put in Your Will

A Last Will and Testament is supposed to be a way to communicate your wishes after you’re gone… but there are a lot of “extra” things DIY people (and even some attorneys) put into Wills that really don’t belong there and could cause problems down the road.

I’m Meeting With an Estate Attorney… What Should I Know?

You get what you pay for, especially when it comes to free legal services. In this reaction to a Reddit thread, Jeff reviews options and opinions from attorneys when someone asks about what they should know before they meet with a “network attorney” paid for by his employer who is supposedly charging pennies on the dollar for a revocable trust plan. Warnings galore in this one, but also some solid advice on what to think about and where to find answers. #reddit #estateplanning #trusts #revocabletrusts

The Probate Court Process

The first chapter of my book Estate Planning Basics giving an overview of the probate court process. The full version is available for purchase at www.EstatePlanningBasicsAudiobook.com.

My Parents are Doing an Estate Plan… What Should I Know?

In this reaction and commentary to a Reddit thread on estate planning, there’s a lot going on with lots of potential techniques that a son should be aware of when being asked to be involved when discussing things with the parents’ attorney. With the scenario he set up, there are A LOT of things he might want to read up on.

Special Needs Planning Myths

Special Needs Myths In this outtake from The Advanced Institute, a professional conference for estate planners, Jeff reviews the prevalent myths in special needs estate planning that need to be overcome when discussing planning with clients.

The Revenue Ruling Nothing Burger

It seems that even professional journals, newspapers, and magazines are no longer immune to clickbait, and it is confusing a lot of clients and their professional advisors. In this installment, Jeffrey G. Marsocci reviews how the IRS’s Revenue Ruling 2023-2 says absolutely nothing that hasn’t already been true for decades, and how one simple line of thinking could have prevented all of the unnecessary questions and panic.

For the video version, check it out on YouTube at: https://youtu.be/uOyVHmVS6NU

Introduction to The Divorce Firewall Strategy

Here is a quick introduction to The Divorce Firewall Strategy that Jeff gave at a national estate planning conference. Check out the book he referenced at www.DivorceFirewall.com

Planning for Huntington's Disease

An interview of The Plain English Attorney by Erika and Lauren from HD Reach about planning ahead for Huntington's.