“Some Advisors Call for Early Long-Term Care Planning,” by Allison Bell, ThinkAdvisor
“Consumers with cash should start thinking about future long-term care (LTC) expenses as early as possible, many wealth advisors say. Key Private Bank, an arm of Cleveland-based KeyCorp., learned about some advisors’ passionate advocacy for LTC planning recently, when it surveyed bank advisors who work with high-net-worth clients. … Fifty percent said the right to time to bring up the topic is ‘at the outset of the relationship.’”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Not age 50 or 60, but “at the outset of the relationship.” That’s a very promising development considering how long it’s taken for high-net-worth advisors to come around.