Elder Care Planning

Elder care planning is a complex topic which financially and emotionally impacts both the individual who is facing life altering circumstances as well as the caregiver who takes on the responsibility of care and decision making.

Although the cost associated with long term care is an issue, elder care planning encompasses much more than the protection offered by long term care insurance. Legacy issues and strategic financial planning become prominent concerns and affect estate planning documents such as trusts, wills, durable powers of attorney, and beneficiary designations on retirement accounts, insurance policies, and bank accounts.

You may be a caregiver or are planning ahead for the day when you will be needing assistance. An unplanned change in health can dramatically affect an entire family’s financial plan.

Contact us to learn about the elder care questions you may not know to ask. Be sure to ask us how you may qualify for tax-deductible long term care insurance.

Download a pdf article on Planning for Incapacity

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