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Jul 1, 2011 12:00 PM
The New Investment Alternative
Using long-term care insurance to conserve assets, reduce estate taxes and transfer wealth
Long-term care (LTC) insurance can be an attractive investment alternative for high-net-worth individuals for two reasons: (1) It has a multi-million dollar upside if extended health care is needed, and (2) there's little or no cost if care isn't needed. In addition, many experts believe it can be used to reduce estate taxes and transfer wealth on a tax-advantaged basis.
Tax planners and investment managers should give serious thought to using LTC insurance — either on an individual policy basis or as part of a life insurance contract — to preserve their clients' wealth and to minimize taxes. Additionally and perhaps most importantly, estate-planning attorneys should advise their clients on these tax-advantaged options.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
E-Newsletter Signup
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