An effective plan for the future goes far beyond controlling and directing asset transfers at death. When structured properly, an estate plan also protects against incapacity during life, ensuring that a client’s medical and financial affairs can be managed without court intervention. Read more to learn that one risk that many estate plans overlook is the potential need for long-term care (LTC).

Long-term care needs can introduce significant risk to a client’s estate and financial plan. Read more to learn that advisors should take a layered approach, integrating strategies that address private-pay options and potential public benefits while preserving client objectives.

Understanding Long-Term Care Insurance: Insights for Advising Your Clients

Given the high potential costs of long-term care, a policy may seem like an obvious solution. Yet the contraction of the LTCI market over recent decades highlights that it is a targeted planning tool. Read more to learn that for advisors, it becomes important to identify which clients are appropriate candidates for LTCI and under what circumstances.

This information is for educational purposes only and cannot be considered legal advice, nor does the receipt of this newsletter create an attorney-client relationship.