After building an initial estate plan, a husband and wife with a $40,000,000 net worth still had a significant amount of assets exposed to taxation. T...
Wealth Transfer Strategy
February 15, 2016
Created a Long-Term Care Safety Net
February 6, 2016
A couple in their late 50s spent the last 5 years caring for an aging parent. They did not want their children to have a similar financial or emotional burden. The cost of care spent down a sizable amount of assets and eroded the family’s financial legacy.
Solution: We successfully helped them use long term care insurance to:
Cost effectively transfer the liability of providing in-home or residential care from their family to an insurance company.
Preserve their family’s financial legacy
Create peace of mind that they wouldn’t become a burden to their children