by David Edwards | May 14, 2019 | Aging Parents, Counseling, not Documents, End of Life, EP-LongTermCarePage, Long Term Care Risks
Here’s some good news: people are living much longer these days! So much so that there’s a new field in estate planning. It’s called Life Care Planning. This type of planning doesn’t focus solely on a “death plan.” Instead, it...
by David Edwards | Mar 26, 2019 | Counseling, not Documents, Elder Care Advising, EP-LongTermCarePage, Long Term Care Risks, Nursing Home
The outrageous cost of care is one of the biggest risks to those getting older. This question looms large in the mind of many who are of retirement age… How will I (we) pay for care costs? And many clients ask us… Should we buy long-term care insurance?...
by David Edwards | Mar 13, 2019 | Asset Protection, Leave a Legacy, Long Term Care Risks, Nursing Home
There’s a real problem facing Americans over the age of 65 — the cost of nursing home care. It’s expensive and often unavoidable. A lucky few have enough income to cover the $80,000 per year cost. But how does the average person afford it?...
by David Edwards | Mar 8, 2019 | Asset Protection, Cost of Poor Planning, EP-LongTermCarePage, Leave a Legacy, Long Term Care Risks, Nursing Home
You may be a couple decades away from needing nursing home care, but the sooner you can understand and plan for the costs involved, the better. Here are three truths everyone should know about nursing homes: 1. You’ll probably need nursing home care. The...
by David Edwards | Apr 18, 2018 | Asset Protection, For Your Kids, Long Term Care Risks
We’ve previously talked about asset protection, but before we jump into some real-life examples, let’s review: Asset protection is simply protecting the things you own. This could be your house, your savings accounts, your IRAs, farmland, etc. Life is unpredictable,...
by David Edwards | Apr 11, 2018 | Asset Protection, Asset Protection Trusts, Divorce Risks, EP-ProtectingAssetsSavings, For Your Kids, Kids' Inheritance, Lawsuits and Creditor Risks, Long Term Care Risks, Marriage & Remarriage
Estate planning can seem complicated, but often it’s just because the vocabulary isn’t familiar. Here is what you need to know about asset protection: What is asset protection? What risks should I protect against? What timelines should I consider when it...
