The decision to buy long-term care insurance vs. self-insuring is a common conundrum. If you can afford to self-insure based on your estate planning, then the choice boils down to whether you would like to retain the risk or share the risk with an insurance company. What is long-term care insurance? Long-term care insurance covers…Read More
While most estate planning tends to focus on a person’s property, a comprehensive plan will include planning if you become disabled or incapacitated as a result of an accident, injury, disease or illness. Good incapacity planning will include the following “tools”: Revocable Living Trust. While this type of trust will hold your assets, a properly…Read More
Advance care planning is planning for care you would get if you become unable to speak for yourself. Many people assume that their families will know what to do when it comes to their family members’ care, but few Americans have had detailed conversations about their wishes for end-of-life care. These family conversations can be liberating. Making…Read More
Thanks to the advances in medical science, people are living longer than ever before. As we grow older, we may find ourselves in a position where decisions need to be made about our care. If we are in a condition where we cannot express our preferences about treatment, decisions will be made for us by…Read More
