Estate Planning Made Easy

Ignoring the Long-Term Care Crisis – Estate Planning Mistake #6


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In this week’s episode I will explain what is Longevity Risk. I will also reveal what is the number one Longevity Risk – experiencing a Long-Term medical event. Statistics show that 72% of all adults over the age of 65 in the United States today will suffer through a Long-Term Care experience. Are you prepared? By losing the value of your estate to pay for a long-term care event, you obviously are going to reduce the overall size of your estate and therefore your children’s inheritance.  You most likely will require of them. The level of “life-changing” assistance you will need will be dependent on how prepared you are. In next week’s episode I will explain in detail the answer to the LTC Crisis – Leveraged Care Solutions.

Chapters
02:00 – Estate Planning is imperative.
02:30 – What is Longevity Risk?
03:00 – Identifying the top Longevity Risks.
04:00 – Number one Longevity Risk – Having a Long-Term Care experience.
05:30 – “David Downer,” 60% of men and 80% of women over age 65 will have a Long-Term Care event.
06:45 – The push for multi-generational homes so that our children will take care of us, to preserve our estate.
08:00 – Selfish to force our children to take of us. Totally changes the lifestyle of our children.
9:00 – COVID 40% of all deaths occurred in a care facility – Alone.
10:00 – Leveraged Care Solutions – Special Report.
12:00 – The folly of the Washington Cares Act of 2022.
14:40 – Leveraged Care Solutions – reposition a small portion of your estate to create a leveraged benefit that will take provide the Tax-Free cash to take care of a Long-Term Care event.
 
Learn more: 

  • Estate Planning Made Easy website: shop.empez.com, use discount code  EPMEZ  to receive a 50% discount.
  • Leveraged Care Solutions: Answers to Today’s Long Term Care Crisis, at shop.epmez.com
  • The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
  • Generational Wealth Strategies newsletter
  • After LCS Financial Snapshot chart
  • Leveraged Care Solution options table

Contact:

  • Estate Planning Specialists at 888-892-1102
  • The Durfee Law Group at 480 324-8000

See omnystudio.com/listener for privacy information.

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Estate Planning Made EasyBy David T. Phillips, CEO of Estate Planning Specialists

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