One of the more important considerations when buying long-term care insurance is the insurance company’s financial strength. Policies also have a variety of contractual definitions that may expand or limit your coverage. Here’s a checklist to help you select a LTC policy: Property and casualty insurance offers consumers protection from financial losses caused by damage to personal and business property, as well as legal liabilities from property damage or personal injury for which an insured is responsible.
Go to Law Firm Facts Free Reports and News Law and Your Money Radio Program Estate Planning Workbook and Video Back Home
Wills
A Will Alone is NOT Estate Planning. A will is an invitation and a guarantee that an estate will have to be probated (if over $10,000) causing thousands of dollars and months if not years lost in settling the estate. A Revocable Living Trust, in my opinion, is a far better estate planning document than simply a Will. Also a Will only takes effect at death. It does nothing to protect your legal or health care affairs while you are alive. A Durable Power of Attorney, Health Care Power of Attorney and Living Wills are also essential but too often ignored legal documents.
Trusts
Wills, Trusts, Family Limited Partnerships, Special Needs Trusts, Asset - Estate and Trust Protection Legal - Financial Protection Planning
Power of Attorney
( includes S&H) 37 minutes, topics include: Probate, Wills, Trusts, Power of Attorney, Avoiding Estate Taxes, Family Protection Estate Planning
When Steve Kaufmann went to serve in Vietnam, he left behind happy, prosperous and healthy parents. Upon his return, he discovered the once sturdy couple, who had been looking forward to a comfortable retirement, had been devastated by Illness, economic adversity and a bleak future. While Steve was away, his father had been stricken with Alzheimer’s disease, and the family’s home and summer cottage were lost to foreclosure. His mother was left with a life of heartache and financial ruin. His parents had never purchased health or life insurance, and they didn’t have a will. *