What's better than leaving an inheritance?

What's better than leaving an inheritance?

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC August 29, 2024 Duration: 8:22
Preparing For Tomorrow podcast
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The two most common reasons people tell me they're looking into LTC insurance are: 1) They don't want to bankrupt their spouse emotionally, physically or financially, and 2) they don't want to burden their children with the responsibility to care for them or to have to pay for their care. Many who say this are caring for a parent who hadn't planned. Many of us in our 50s and 60s don't think we'll ever need care, even though we are providing for our parents. Why do we deny that we could end up needing help as much as they do today. The best gift an older parent can give to their adult children can be a funded LTC plan for the adult children. This way, the granchildren won't be facing the same caregiving issues the kids have while caring for the elderly parents now. Parents who are trying to leave an inheritance for their kids can use a small portion of their savings to obtain a very substantial LTC plan for the kids. This can lessen the burdens of hte next generation. Schedule with me to learn how https://calendly.com/diane-p4t/30min

Diane Stoddart brings a professional yet deeply personal perspective to the complex world of long-term care planning in Preparing For Tomorrow podcast. As a Certified Long Term Care Consultant, she understands that preparing for future care needs involves more than just finances-it's about safeguarding your family's well-being and peace of mind. Each conversation cuts through the industry jargon to clarify the real options available, from insurance products to legal strategies, all aimed at protecting your life savings from being depleted by unexpected care costs. You'll hear Diane break down essential concepts and terms, making a daunting subject feel manageable and urgent. Alongside expert guests, she explores the emotional and physical dimensions of caregiving, offering a holistic view that acknowledges the full weight of these decisions. This isn't about fear; it's about empowerment through knowledge. Tuning into this podcast provides a straightforward guide to creating a practical plan, ensuring you can face tomorrow with confidence rather than anxiety, knowing your loved ones and your legacy are secure.
Author: Language: English Episodes: 100

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Podcast Episodes
Back to the Basics of Long Term Care [not-audio_url] [/not-audio_url]

Duration: 11:57
Because we have so many new listeners, we decided to get back to the basics of long term care and LTC insurance. The best starting point is to learn current and future costs of home care, assisted living, and nursing hom…
2026 Resolution: Fund LTC plan without killing the budget [not-audio_url] [/not-audio_url]

Duration: 10:41
Happy New Year! Let's make 2026 the year we design and fund our LTC plan without destroying our budget. This week, Diane shares ways to pay for long term care insurance with alternatives to simply using income to fund it…
A Christmas song from Paul & Diane Stoddart [not-audio_url] [/not-audio_url]

Duration: 1:21
We recorded "It Came Upon a Midnight Clear" along with a few other classics about 15 years ago. My husband, Paul, is the guitar master, and I am playing flute. Please enjoy, and share with those you care about most as yo…
Guest Interview:Jason Dutra BuddyIns - easy to add LTC at work [not-audio_url] [/not-audio_url]

Duration: 17:43
When discussing worksite LTC with employers, two question come up all the time - 1) How much work do I as an employer or HR director have to put in? 2) I heard LTC insurance is expensive. How much more will the company b…
I can't afford LTC & I'll never qualify for Medicaid [not-audio_url] [/not-audio_url]

Duration: 15:10
That title is an oxymoron. Truthfully, if you'll never qualify for Medicaid, that means you'll pay for all of your long term care needs yourself. In this week's episode we're sharing things you need to consider today, lo…
301% rate increase? What the...? [not-audio_url] [/not-audio_url]

Duration: 17:33
Diane received an email this week from a long time listener who received a notice of a 301% rate increase request from his LTC insurance company. This episode discusses the process of requesting and seeking approval for…
Some of what I'm thankful for... [not-audio_url] [/not-audio_url]

Duration: 3:20
Thank you all who are listening to these podcasts and for the great feedback you've shared over the years. I can't believe we're in our sixth year already. I'm so thankful that these poscasts are helping so many people l…
Nov. is LTC Awareness Month & Family Caregiver Month - coincidence? [not-audio_url] [/not-audio_url]

Duration: 14:01
We need to recognize the contributions and sacrifices that family caregivers make to help those they love who can't provide for their own daily needs. The reason most people own LTC insurance is to help those caregivers…
Who is the LTC insurance really for? [not-audio_url] [/not-audio_url]

Duration: 13:09
This week, I'm kind of on a soapbox. It seems that some people will keep asking about LTC insurance until someone tells them they don't need it. No one knows if we'll need help living at some point or not. We need to ask…

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