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
shared vs. individual LTC plan comparison - how do they work? [not-audio_url] [/not-audio_url]

Duration: 12:40
Anna & Marty compare shared hybrid life/LTC plans with separate LTC plans for each of them. It's a matter of preference and goals. The LTC and death benefit are directly related, so plans with higher LTC benefits have la…
Are shared LTC plans the same as Partnership plans? [not-audio_url] [/not-audio_url]

Duration: 10:54
This week, Jen asked if she and her husband can own a long term care plan together and share the benefits with each other. She asked what happens if one person uses all the benefits. And what happens if neither of them n…
This week, I'm talking to dads [not-audio_url] [/not-audio_url]

Duration: 10:14
This week, we need to pay attention that LTC is not just a women's issue. It used to be more focused on women because we live longer and are more likely to live alone when help is needed. Today, with so many divorces, we…
Highlights from 2025 Sustainable Solutions: Future of LTC Financing [not-audio_url] [/not-audio_url]

Duration: 12:43
This week, Diane shares what she learned while attending the 2025 Genworth LTC Symposium "Sustainable Solutions: The Future of Long Term Care Financing". We all agree on the problem and wonder how long it will take for a…
I want to buy an LTC policy for my parents [not-audio_url] [/not-audio_url]

Duration: 9:31
We often hear from sons and daughters who want to buy LTC coveeage for a parent. This could be to preserve a family home, to avoid Medicaid, or because they watched their parents care for their own parents for several ye…
What tax advantages are you overlooking? [not-audio_url] [/not-audio_url]

Duration: 16:20
This week is about tax deductions and tax savings with LTC insurance. Individuals and business owners often overlook the tax advantages that a long term care insurance plan offers. Listen and learn who can use what kind…
In this economy, it's even more important to have a plan [not-audio_url] [/not-audio_url]

Duration: 9:34
This week, I'm hearing that people want to plan for potential LTC needs, but they are afraid to do that today because of our uncertain economy and stock market fluctuations. It's more important than ever to own our own p…
30 years of retirement needs 30 years of LTC protection [not-audio_url] [/not-audio_url]

Duration: 10:29
We and our financial advisors are preparing to need money to last 30 plus years in retirement, yet we don't trust LTC insurance companies to help protect us during that time. If we think we're going to live that long, do…

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