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General information from a recorded webinar, not legal advice for your situation.
Who should be on your care planning team?
Short answer
An elder law attorney, a financial advisor who knows your investments, an accountant for tax questions when assets move, and trusted family members and care providers. Long-term care planning involves complex rules, so a coordinated team helps.
Key points
- Elder law attorney for benefits and planning.
- Financial advisor and accountant for assets and taxes.
- Family and care providers round out the team.
Lauren FinkFounding attorney, Everbright Legacy Law
Read this part of the transcript
And elder law is a particular area of practice that focuses on issues that pertain to seniors. So long-term care planning in elder law is helping clients with planning for accessing long-term care and also with financing care. And there are many different and complex rules to be aware of, and different government benefits that are available that can be helpful in paying for care. It’s really important that when we start to address these issues, that you have a care of advisors at your back. So in addition to having an elder law attorney, it’s always helpful to have a financial advisor who can speak to the financial side of your investments and your assets, to have an accountant who can speak to if we’re moving assets around, what are some of the tax considerations, or do we have some planning opportunities for taxes there too.
Created automatically from the recording. Full transcript on the webinar page.
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Life Care Planning: Protecting, Finding, and Paying for Care
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