LTC Bullet:  Center President Tackles New Constellation of LTC Issues

Monday March 12, 2001



Center for LTC Financing President Stephen Moses addressed the ticklish subject of "Long-Term Care Due Diligence for Professional Financial Advisers" on national conference calls February 14 and February 28, 2001.  The audience was primarily attorneys, accountants and financial planners for high net-worth individuals. Steve's advice in a nutshell: you have a fiduciary responsibility to your clients (1) to apprise them of the long-term care risk, (2) to propose responsible financial planning solutions, and (3) to warn them about the dubious practice of "Medicaid estate planning."

Although this event was not open to the public, the sponsor has tape recorded and transcribed the proceedings.  A transcript and audiotape are available at a nominal cost from The Constellation Group, a financial planning firm headquartered in West Hartford, Connecticut.  Consult their website at for details about the company, the event, and the transcript.  Click on "LTC."

As a conversation starter for this conference call, Steve Moses wrote an article, which is now available on the Center for LTC Financing's website at

Here's the first paragraph. If you're interested, read the rest of it online.

"Long-Term Care Due Diligence for Professional Financial Advisers"

by Stephen A. Moses, President
Center for Long-Term Care Financing

"Never have so many professionals given such bad advice to such damaging effect to so many people than today's financial advisers on long-term care planning.  Only a rare few lawyers, accountants and financial planners understand this critical subject in all its ramifications.  Fewer still advise the public wisely and objectively, disregarding personal financial advantage.  To date, most advisers have not been held to legal or professional account for giving bad advice about long-term care.  This safe harbor of public ignorance and judicial indifference will not continue much longer, however. More than ever before and even more so in the future, financial  professionals must understand the risks and costs of long-term care and the consequences of poor counsel and inadequate planning.  Here's a primer."

Go to to continue reading Steve's article.


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