Advisors Newsletter

Name: Strauss Attorneys PLLC
Rating: 4.9

The Fiduciary Fallout of Household Accumulation

Many clients have accumulated belongings over decades, from everyday items to family heirlooms, which can create significant challenges for their heirs and fiduciaries. What may feel manageable during a client's lifetime can become complex and time-consuming after they pass...

When “Stuff” Becomes a Planning Problem

Comedian George Carlin once joked that a house is just a place to keep your stuff while you go out and get more. “Sometimes you gotta move, gotta get a bigger house,” he said. “Why? No room for your stuff anymore. ”1 Although humorous, Carlin's observ...

Understanding Long-Term Care Insurance: Insights for Advising Your Clients

One way to manage long-term care risk is through a dedicated insurance policy. Long-term care insurance (LTCI) covers care at home or in assisted living, memory care, or nursing facilities—services that standard health insurance and Medicare do not typically pay for...

Strategies to Help Clients Protect Their Assets If Long-Term Care Is Needed

Long-term care needs can introduce significant risk to a client's estate and financial plan. Advisors should take a layered approach, integrating strategies that address private-pay options and potential public benefits while preserving client objectives. Not all long...

Why Long-Term Care Planning Matters to Your Client’s Financial and Estate Plan

An effective plan for the future goes far beyond controlling and directing asset transfers at death. When structured properly, an estate plan also protects against incapacity during life, ensuring that a client's medical and financial affairs can be managed without court in...

Supporting the Caregiver Client: A Financial Advisor’s Guide to Empathetic Estate Planning

America is facing a caregiver crisis. With baby boomers entering retirement in record numbers and most wanting to age in place in their homes, demand for long-term care at home is rapidly rising. Yet the supply of professional caregivers has not kept pace, leaving many families w...

The Financial Blind Spot: Incorporating Disability Planning into Every Conversation

Certain topics can be difficult to broach with clients. Delivering bad news such as “You can't afford to retire yet”; addressing sensitive life events such as death, divorce, or job loss; managing family conflicts; and challenging bad financial habits or unreali...

Advising Families of Disabled Loved Ones: How to Integrate Special Needs Planning into Financial Strategy

Many famous figures have argued that how a society treats its most vulnerable members is a measure of its humanity and moral character. As Mahatma Gandhi famously observed, a society is ultimately judged not by its wealth or power but by how it uplifts those who need help the mos...

Backup Plans Are Loving Too: Encouraging Clients to Name Contingents

Progressive Insurance rolled out a series of commercials in 2024 featuring “backup” quarterbacks stepping in to handle everyday challenges such as ordering food, giving advice, and even parking a trailer. After the “backup” salvages the situation, each com...

The Hidden Burden: What Executors, Trustees, and Agents Really Face

An 80-year-old widower relied on his adult daughter for help with daily life and finances for more than a decade. During that time, she managed his finances under a valid financial power of attorney, handling savings, his pension income, and proceeds from the sale of his home. Wh...

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