Long-term care and estate planning are crucial parts of retirement planning. They help protect assets, provide for loved ones after death, and safeguard financial security by estimating future healthcare costs, choosing appropriate insurance options, and creating a plan for asset distribution, tax planning, and charitable giving.

In this Video…

You will learn about estimating your long-term care needs, choosing appropriate insurance options, creating an estate plan that includes a will and power of attorney, and considering tax implications and charitable giving. By watching this video, you’ll gain valuable insights into how to plan for long-term care and estate planning and ensure that your legacy is protected.

What We Covered?

• Understand your long-term care needs, estimate future healthcare costs, and consider the level of care you need.
• Consider long-term care insurance options to help cover long-term care costs.
• Develop an estate plan that includes a will, power of attorney, and healthcare directives.
• Consider tax implications of strategies and consult with a tax professional.
• Consider charitable giving and create a plan aligning with your values and objectives.
• Review and update your strategies regularly to align with your changing needs and goals.

Helpful Resources

Here are some helpful resources to deepen your understanding of long-term care and estate planning:

Exploring Further: Outbound Resources

• Nationwide Insurance: Using Long-Term Care Riders in Estate Planning : this is white paper created by Nationwide insurance.
• Principal: Start Planning Now: 4 options to pay for nursing-home costs
• Nolo Press: Long-Term Care: How to Plan & Pay for It : this is a book that you can order online

Explore this course’s “Helpful Resources” section, where you’ll find a handpicked collection of valuable links to develop your retirement plan further. Expand your knowledge and access additional tools to enhance your retirement planning journey.

Disclaimer: This course, lessons, and videos are for educational purposes only and should not be considered financial, medical, or legal advice. For personalized advice and guidance, please consult with a licensed professional. For complete disclaimers, please refer to our Terms of Use.