“I am perpetually amazed at the degree of cognitive dissonance stirred up in my own mind every time I ask myself this most basic rhetorical question: How can anyone in their right mind ignore the probability of an expensive and extensive need for care?
The absolute unvarnished truth is that no matter how well you have constructed your plans for retirement and the disposition of your estate, an extended need for custodial assistance can blow up all your carefully crafted expectations.
A lifetime of savings and financial planning for retirement hopefully culminates in an introspective consideration of a classic estate plan that defines how assets are to be transferred to the people to whom you wish them to go, and when and under what circumstances you want them to go there.
Wills, powers of attorney, medical directives and trusts establish the mechanics and basic structure. Insurance strategies should then…”
Click here for the full article, originally published in the April 2017 edition of Broker World Magazine.