This session provides long-term care planning strategies to help CPA financial planners better support clients in understanding:
Long-term care costs
Coverage
Care options This AICPA PFP Section webcast will review:
Financial, tax, and emotional considerations
The latest insurance options
Practical approaches to integrating LTC into comprehensive plans. Financial planners will gain strategies to help clients gain a clearer picture of costs, coverage and care options while maximizing wealth preservation.
Learning Objectives
Distinguish the fundamentals of long-term care (LTC) planning and why it matters for clients’ financial security.
Identify LTC insurance options and alternatives, including hybrid policies and self-funding strategies.
Determine tax implications and planning opportunities related to LTC expenses and insurance premiums.
Use LTC considerations in retirement and estate planning for individuals and families.
Identify the emotional and financial aspects of long-term care decisions.
Major Topics
Integrating long-term care into financial plans
Evaluating traditional long-term care insurance and other funding strategies
Practical approaches to include long-term care in holistic wealth and retirement planning
CPE Credits Available
1.5 CPE Credit
1.5
Specialized Knowledge
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
Future Ready
Prerequisites
Basic understanding of investment principles and knowledge of tax implications of holding investments in taxable accounts
Advanced Preparation
None
Intended Audience
Tax professionals who serve individual clients
CPA financial planners and other professional financial planners
Practitioners who provide tax, retirement, estate, investment, and/or risk management planning services
