General Information
- Has relevant personal information been gathered?
- Name
- Date of birth
- Legal state of residence
- Health status, including medications being taken
- Marital status
- Family members available for support
- Name, phone number, and address of attorney, physician, geriatric care manager or other advisor
- Has financial situation been assessed?
- Income from Social Security, pension, employment, or other source
- Expenses
- Assets
- Liabilities
Long-Term Care Planning
- Is the need for long-term care imminent?
- Are assets sufficient to cover long-term care needs?
- Have ways to fund long-term care been reviewed/evaluated?
- If homeowner, has home equity as a use of funds been discussed?
- Are long-term care insurance benefits available?
- Have various housing options and their costs been considered?
- In-home care
- Living with a relative
- Continuing care retirement community
- Assisted living
- Nursing home
Insurance Planning
- 1. Is adequate health insurance available?
- Medicare
- Medigap
- Private health insurance
- Prescription plans
- Have Medicaid planning goals and strategies been considered?
- Has Medicaid qualification criteria been discussed?
- Has the need for long-term care insurance been established?
- Is long-term care insurance coverage available to the client?
- Have existing long-term care insurance policies been reviewed/evaluated?
- Does long-term care insurance coverage need to be upgraded?
- Do long-term care benefits need to be accessed?
Estate Planning
- Has long-term care planning been coordinated with estate planning needs?
- Have appropriate estate planning documents been prepared?
- Will
- Trust
- Have advanced medical directives been prepared?
- Durable power of attorney
- Living will
- Health-care proxy
- Have letters of instruction been prepared?
- Has this information been communicated to family members?
Other
- Has the need for organizing important documents and records been discussed?
- Bank account records (statements and passbooks)
- Monthly bills to be paid
- Stock certificates, bonds, and other investment records
- Retirement plan statements
- Real estate deeds, mortgages, and other property ownership records
- Vehicle titles
- Business agreements
- Insurance policies
- Will, trust, advanced medical directives, letters of instruction, and other documents
- Birth certificate, marriage certificate, divorce decree, military service papers
If you have questions, contact the experts at Henssler Financial:
- Experts Request Form
- Email: experts@henssler.com
- Phone: 770-429-9166
Disclosures: The following information is reprinted with permission from Forefield, a division of Broadridge Financial Solutions, Inc. This article is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be traded by Henssler Financial. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing. Henssler is not licensed to offer or sell insurance products, and this overview is not to be construed as an offer to purchase any insurance products.
