When a Client’s Parent Is Evacuated: What Every Advisor Should Know
The decision to place a parent in a nursing home or assisted living facility is rarely simple. It can feel even more fraught in hindsight when something goes wrong.
Careful research and frequent check-ins can help a client keep their loved one safe and secure in their new residence,...
What Your Clients Have Not Done with Their Documents—and How to Bring It Up
Clients rarely think of document access as a vulnerability. The plan is in place, the paperwork is signed, and the folder or binder containing that paperwork is somewhere at home. But a disaster does not wait for someone to remember where “somewhere” is. When a client is displaced, incapacitated, or unreachable, a...
Emergency Preparedness When Your Parent Is in a Nursing Home
The decision to place a parent in a nursing home or assisted living facility is rarely simple. It can feel even more fraught in hindsight when something goes wrong.
Careful research and frequent check-ins can help keep a parent safe and secure in their new residence, as can preparing...
How to Protect Your Legal Documents in a Natural Disaster
Legal documents can feel abstract when nobody immediately needs them or you have never used them, in much the same way that the risk of a wildfire, hurricane, or other emergency can feel remote until you experience one firsthand.
Suddenly, the stakes are real, a plan is put to...
Be Ready for the Unexpected: A Big-Picture Checklist
National Preparedness Month is observed every September to encourage individuals, families, and communities to plan for disasters and emergencies.
Sponsored by the Federal Emergency Management Agency (FEMA),[1] this annual campaign emphasizes actionable steps such as understanding local risks, making a family emergency plan, building an emergency supply...
Helping Clients Stay Financially and Logistically Prepared
When Clients Travel, Small Gaps Can Turn into Big Problems
Travel takes us out of our comfort zone, exposes us to new stimuli, and can rekindle a sense of awe as we leave the familiar behind and embrace the unknown.
It also challenges us to think and act differently.
But by stripping away our daily...
Understanding Long-Term Care Insurance: Insights for Advising Your Clients
One way to manage long-term care risk is through a dedicated insurance policy. Long-term care insurance (LTCI) covers care at home or in assisted living, memory care, or nursing facilities—services that standard health insurance and Medicare do not typically pay for.
Although roughly 70 percent of people turning 65...
Strategies to Help Clients Protect Their Assets If Long-Term Care Is Needed
Long-term care needs can introduce significant risk to a client’s estate and financial plan. Advisors should take a layered approach, integrating strategies that address private-pay options and potential public benefits while preserving client objectives.
Not all long-term care risks or planning needs are the same, so asset protection strategies...
Do I Need Long-Term Care Insurance and How Does It Work?
Policy experts and families alike have long noted that the United States lacks a comprehensive public system for long-term care.
Medicare generally does not cover these services, and while Medicaid can help, it is available only to people with very limited assets, often requiring a spend-down that can leave...
How to Protect Your Estate If Long-Term Care Becomes Necessary
Once you understand what long-term care (LTC) is and the real risks it can pose to your finances, goals, and family, you can begin to plan accordingly. Addressing the possibility of long-term care early puts you in a stronger position to manage its potential financial and personal impact.
What...