Plan & Protect
11 episodes - English - Latest episode: about 4 years ago - ★★★★★ - 5 ratingsAttorney Justin Elrod hosts a down to earth conversation with his friend Drew Cline on the topics of Estate Planning and Elder Law. Justin is one of only three Certified Elder Law Attorneys in the state of Arkansas. Money issues, retirement, long-term care, probate, wills, and trusts can be extremely confusing, and you need someone who can explain it all in a way you can understand. It's so important that you plan for your future to protect what matters most. Plan & Protect is your source for insider information on these issues. Justin and Drew use humor and simple questions to help the audience digest otherwise difficult topics. Justin is the author of the book, You Need a Plan, a law school professor, and an all around down to earth guy you can trust. Justin's law firm, The Elrod Firm, has five convenient locations in Arkansas (Bryant, Hot Springs Village, Fayetteville, Bentonville, and Fort Smith). To receive a FREE copy of Justin's book, read articles, see videos, and check out other information on these topics, go to ElrodFirm.com
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Episodes
Plan & Protect #11 - "The Medicaid Episode" (part 3)
June 25, 2020 11:00 - 22 minutes - 15.7 MBEpisode 10: The Medicaid Episode (Part 3) In this final installment of a three part Medicaid series, Justin and Drew dive into how his firm can use Medicaid rules to protect one spouse when the other needs expensive long-term care. They talk about income protection that may be available to help the spouse at home maintain necessary household expenses. They also look at various ways to protect the assets that the couple worked so hard for all their lives. What You’ll Learn: Tha...
Plan & Protect #10 - "The Medicaid Episode (part 2)
May 28, 2020 16:00 - 23 minutes - 16.5 MBIn this episode, Justin and Drew talk about the three main rules that apply to Medicaid coverage for long-term care. They also talk about common misunderstandings people have about those rules and how those misunderstandings can cost them a ton of money. What You'll Learn: That the Medicaid five year look back doesn't mean what most people think. That the Medicaid income cap doesn't really have to be a cap at all. What you can do to save money even if you're over the Medicaid asset limi...
Plan & Protect: Episode 09 - "The Medicaid Episode"
April 30, 2020 11:00 - 25 minutes - 17.9 MBIn this episode, Justin and Drew zero in on Medicaid as a way to cover the high costs of long-term care. Justin outlines the various long-term care programs that can be covered by Medicaid benefits, and he touches on the three main rules that apply to coverage for those programs. What You'll Learn: Which three levels of long-term care can be covered by Medicaid. What impact Medicaid benefits can have on long-term care costs. Why you should not wait until you're out of money to look int...
Plan & Protect: Episode 08 - The Assisted Living Episode
March 26, 2020 11:00 - 26 minutes - 18 MBIn this episode, Justin and Drew welcome special guest, Jimmy Elrod, to the podcast. Jimmy is one of the owners and directors of a local assisted living facility in central Arkansas. They discuss what differentiates assisted living from other long-term care options, and they get into how the current situation surrounding COVID-19 has forced assisted living facilities to dramatically alter their normal operations to keep their residents and staff safe. What You'll Learn: How assisted livi...
Plan & Protect: Episode 07 "Long Term Care"
February 27, 2020 18:00 - 25 minutes - 17.7 MBThe Long-Term Care Episode In this episode, Justin and Drew talk about the various options available when it comes to long-term care and the different ways a family can pay for those options. Justin provides an overview of long-term care insurance, Medicaid, and Veteran’s Benefits, setting up more detailed long-term care conversations in future podcast episodes. What You’ll Learn: How the term long-term care covers way more than just nursing home care. Why you can’t count on Medicare to...
Plan & Protect Episode 06: The Tax Episode
January 30, 2020 00:00 - 24 minutes - 17 MBIn this episode, Justin and Drew talk about tax issues that often come up when working on an estate plan. They get into tax issues that people tend to worry about but shouldn’t and tax issues that people should worry about but don’t, touching on estate taxes, gift taxes, capital gains taxes, and taxes relating to retirement accounts. What You’ll Learn: Why the estate and gift taxes are often red herrings in estate planning Which tax may be the most important but most overlooked when plan...
Plan & Protect Episode 05: The Book Episode
December 19, 2019 19:00 - 18 minutes - 12.9 MBIt's almost Christmas! In this episode of Plan & Protect, Justin and Drew give the gift of an audio glimpse into Justin's book, You Need A Plan. Justin reads the Preface and Introduction of the book, and, as always, offers you a free copy at ElrodFirm.Com. What You'll Learn: The story behind Justin writing his book An introduction to the valuable information covered in You Need A Plan Encouragement to plan for Death, Taxes, and Long-Term Care Links and Resources: Never Stop Learning -...
Plan & Protect Episode 04: The Trust Episode (Part 2)
November 26, 2019 17:00 - 20 minutes - 14.1 MBIn this episode, Justin and Drew finish up their discussion on trusts. They get into the different types of trusts and they talk about ways you can use a trust to protect your beneficiaries from themselves or from others. What You’ll Learn: Why you might consider using an irrevocable trust How you can protect the government benefits of a disabled child What to do when you have children who are bad with money Links and Resources Mentioned: Trust Basics The Tale of Three Joggers You...
Plan & Protect Episode 03: The Trust Episode (Part 1)
October 25, 2019 14:00 - 23 minutes - 16.2 MBIn this episode, Justin and Drew talk about trusts—what they are, how and why they are used in estate planning, and who needs one. You’ll hear why Justin often considers the use of a trust to be the best way for a family to stay out of probate court. What You’ll Learn: A will is not enough when it comes to estate planning You don’t have to be wealthy to need a trust Why you might end up in probate court even if you have a trust Links And Resources Mentioned Trust Basics The Tale...
Plan & Protect Episode 02: The Probate Episode
September 24, 2019 22:00 - 22 minutes - 15.5 MBIn this episode, Justin and Drew talk about probate court and why you should do everything you can to avoid it. You’ll hear real life horror stories about celebrities as well as middle-class families whose failure to plan to avoid probate cost them dearly. What You’ll Learn: The truth about what probate court really involves The “cost” of probate that goes beyond money The common legal problem shared by Michael Jackson and Justin’s grandparents Links And Resources Mentioned: The Elr...
Plan & Protect Episode 01: Why You Should Plan and Protect
August 21, 2019 01:00 - 33 minutes - 23.2 MBEpisode 01: Why You Should Plan and Protect In this episode, Justin and Drew discuss why you should care about whether or not you have a plan. You’ll hear the origin story of The Elrod Firm and what inspired Justin to write a book on the topic of planning. What You’ll Learn: The one qualification that sets apart the best Estate Planning and Elder Law Attorneys Why your age has zero to do with whether or not you need a plan An invaluable resource you can get for free to get started Lin...