Trust Encompass
Long-Term Care Planning
Protect your assets from extended care costs. We design long-term care strategies that preserve your legacy and provide choices when health events occur.
An unexpected health event can devastate a carefully constructed retirement plan. Traditional approaches often rely on liquidating assets or buying expensive "use it or lose it" insurance. We explore advanced, asset-based solutions that provide care benefits while preserving your capital if care is never needed.
01Protecting Assets from Extended Care Costs
The cost of extended care is one of the most significant threats to retirement wealth. A prolonged health event can force the liquidation of assets at inopportune times, generate massive unexpected tax liabilities, and wipe out a legacy meant for the next generation.
- Rising cost of specialized care and facility expenses
- Tax consequences of forced asset liquidation
- Impact on the surviving spouse's standard of living
- Risk of losing control over care decisions
02Alternative Funding Approaches
Rather than relying on self-funding or traditional long-term care insurance (which often features unpredictable premium increases and no return of premium), we frequently utilize asset-based strategies. These linked-benefit policies provide a pool of money for care, but if care is never needed, the asset passes to heirs.
- Asset-based LTC and linked-benefit policies
- Hybrid planning with life insurance or annuities
- Protection against premium increases
- Legacy preservation if care is not required
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A strategy session starts with a conversation — no pressure, no sales tactics. Just clarity on what your wealth can actually do for you.