LTC Bullet:  Center President Tackles New Constellation of LTC Issues

Monday March 12, 2001

 

Seattle—


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 www.theconstellationgroup.com 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 www.centerltc.org/speakers/due_diligence.htm.

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 www.centerltc.org/speakers/due_diligence.htm to continue reading Steve's article.

_____________

*** Forward freely; encourage subscribers! ***

The Center for Long-Term Care Financing is a 501(c)(3) charitable non-profit organization dedicated to ensuring quality long-term care for all Americans.  Ask how you can support the Center today!  Visit our website at http://www.centerltc.org/needhelp.htm or contact Amy  Marohn at amy@centerltc.org for details.

This e-mail is the latest installment of "LTC Bullets" - the Center's periodic online news service covering the latest information and trends in long-term care financing.  We welcome responses to the material presented.

***Unsubscribe by simply using your reply button to send a request.  Please put your e-mail address and name in the body of your message. Your e-mail address will be deleted from the Center's mailing list before our next mailing.  We apologize for any inconvenience.  We do not intend our "LTC Bullets" to reach anyone not interested in receiving them.***

All past issues of LTC Bullets may be read on the Center's web site at www.centerltc.org

Please direct any questions or requests to info@centerltc.org

Thank you for your time and interest.

Center for Long-Term Care Financing
11418 NE 19th Street
Bellevue, WA 98004
Ph: 425-467-6840
Fax: 425-467-6829
E-mail: info@centerltc.org
Web: www.centerltc.org