Financial planning for blended families can be awkward at best, especially when it comes to dealing with legacy decisions. Leaving a legacy is rarely simple, and providing for extended step-families can make life insurance decisions problematic or uncomfortable.
The cost of long-term care can deplete your family’s hard-earned assets – a burden that can jeopardize your quality of life today and financial security in the days ahead. LTC insurance is designed to help defray the potentially dramatic costs of extended care without jeopardizing your income, retirement savings, and other investments.
If your family includes someone dealing with disabilities, financial planning should be a key to handling these challenges. Your insurance needs take on a greater breadth, while estate planning documents, such as wills, trusts, and powers of attorney, are crucial for ensuring their needs are met when you can no longer be there for them.
A simple guide to providing for your family – after you’re gone
