Long Term Care Insurance

Per my previous posts on this subject, “Business Succession and Long Term Care,” and “Long Term Care and a Living Trust,” I hope you understand and agree that the financial independence component of business succession planning should address Long Term Care contingencies. Long term care is not a simple matter even if you have the resources to provide for whatever level of care you desire. Due to the medical circumstances associated with the need for long term care you will need an objective advocate who you believe would have your best interest at heart who may not be your children because as your children may be preoccupied, from the dark side, or you may not have any children.  As previously described, a Long Term Care trustee of a Living Revocable Trust can be an answer. As described previously this trust could assure both the quality of care you desire during your lifetime and the appropriate management and disposition of your assets after your death. To read the end of this blog, click here.