Financial & Legal

Planning for Long Term Care

ArticlesArticles collapse allexpand all

collapse expand

The Most Common & Expensive Long-Term Care Insurance Mistake

There are many mistakes that can be made when considering long-term care insurance, and some of them can be very costly. Some of the most common mistakes include only...Read entire article »

collapse expand

Long-term Care Insurance Explained: What It Is, Types of LTCI Policies & What to Consider

What It is Long-term Care Insurance can be an effective tool for protecting your assets and estate from the high costs of senior care. Though the average nursing home...Read entire article »

collapse expand

Financial Planners Explained: What They Do, What To Consider When Hiring One & How to Find One

What They Do A financial planner looks at your assets and calculates your financial strengths and weaknesses, in addition to evaluating potential opportunities and threats to your financial security....Read entire article »

collapse expand

What’s the Future of LTCI in California?

The California Public Employees’ Retirement System (CalPERS) offers retirement benefits to state, public and classified school employees and their families. Employees and their employers (state agencies funded by tax...Read entire article »

collapse expand

What to Look for in Long-term Care Insurance

A close family friend recently phoned me to ask, “So I am thinking about long-term care insurance—what exactly should I be looking for and where do I start? To...Read entire article »

collapse expand

A Quick Comparison: Long-term Care Insurance, Long-term Disability Insurance & Critical Care Insurance

If you get sick and your regular health insurance can’t cover your expenses, what should you do? Below are three good options along with some pointers and explanations. If...Read entire article »

collapse expand

Is Long-term Care Insurance Worth It?

Many people are unwilling to purchase long-term care insurance (LTCI) until much later in life—in their 80s rather than in their 50s, say—but a host of recent articles have...Read entire article »

Expert ColumnsExpert Columns collapse allexpand all

collapse expand

Fund Unexpected Elder Care Costs with Your Personal Resources

When shifting circumstances bring unexpected elder care costs, they also bring the urgency of having to make short and long-term financial decisions. It is at this point that one...Read entire article »

collapse expand

Long Term Care Insurance: How to Choose the Best Elimination Period

In a long-term care insurance (LTCI) policy, the elimination period is often referred to as the policy deductible. In many ways it is similar to the deductible used in major...Read entire article »

collapse expand

Choosing the Long-term Care Insurance Company That’s Right for You

Becoming familiar with the foundational features and options of a good long-term care insurance (LTCI) policy requires taking the time to educate yourself before making your final decision. This...Read entire article »

collapse expand

How Much Can You Save with Advance Planning?

The devastating reality is that without advance planning, sometimes a lifetime of saving and assets must be spent in order to cover the costs of care. However, a careful...Read entire article »

collapse expand

Tax Benefits for Long-term Care Insurance: What You Qualify For

If affordability is one of the concerns keeping you from investing in a LTCI policy, consider the tax benefits that go along with LTCI. What Congress isn’t Doing to...Read entire article »

collapse expand

How to Pay for Long-term Care without Breaking the Bank

Meeting increased elder care costs requires making hard decisions and taking a judicious and strategic look at your financial options. These decisions are often fraught with conflicting emotional concerns. I...Read entire article »

collapse expand

How Do You Select A Daily Benefit For Long-term Care Insurance?

The five foundational features of most LTCI policies are: the daily benefitthe benefit periodthe benefit settingthe elimination periodthe inflation protection benefitAll five of these features are very important and...Read entire article »

collapse expand

What’s in Your Parent’s Wallet? (And What That Means for You)

Taking stock of your elderly parent’s financial situation usually requires initiating a potentially uncomfortable discussion—money matters are a touchy subject, especially when family comes into play. Elderly parents are often...Read entire article »

collapse expand

Which is Better: Individual Long-Term Care Insurance or Group Plans?

More and more companies are beginning to offer long-term care insurance (LTCI) to their employees as part of an overall health care benefits package. And since buying group medical...Read entire article »

collapse expand

Financial Planning for the Elderly: Assisting Clients & Their Caregivers

It’s no surprise that with age, seniors often experience increased limitations, the loss of certain abilities and require more assistance with the activities of daily living. It is equally...Read entire article »

collapse expand

Preparing for the High Cost of Long-Term Care

In a recent survey conducted by AARP, the findings showed that there is a clear disconnect between what most people think long-term care costs and the actual cost of...Read entire article »

Tools/ChecklistsTools & Checklists collapse allexpand all

collapse expand

Important Documents Checklist

What financial and legal documents do you and your elderly loved ones need? Download Gilbert Guide’s Important Docs Suitcase for a checklist of all the important paperwork you need.   ...Read entire article »

DefinitionsDefinitions collapse allexpand all

collapse expand

What Is… Advanced Care Planning?

Advance care planning means making decisions about the care you would want to receive should you become unable to speak for yourself. These are your decisions to make and they...Read entire article »