April 19, 2017

Greetings from Matt Allen, Carole's associate!

We hope you survived tax season and are having a wonderful spring! 

Long-term care insurance has been in the news a lot recently, and not always for the best of reasons. However, an annual report from the American Bar Association provides some level of optimism for at least one demographic: rates for single men and women aged 60 have remained level and in some cases dropped as compared to last year. Married couples in the same age range, however, are facing rate hikes of around 6 to 9 percent, according to the report.

There are several factors at play here, perhaps most importantly the fact that insurers' costs vary widely from one company to the next.  In any event, with the cost of long-term care increasing every year, finding a long-term care insurance policy that works for you sooner rather than later may be a worthwhile investment. 

For more on the costs of new long-term care insurance policies, as well as articles on Trump's review of the fiduciary rule and whether a trust or joint ownership is a better mechanism for passing down a house, see below. 

Best,

Matt