What is a REVERSE MORTGAGE and does it fit into an estate plan?

A Reverse Mortgage is a powerful estate-planning tool which can be accessed through a federally regulated loan program available for people ages 62 or older.

Reverse Mortgage:

• Allows you to remain in your home
• Keeps you in control of your life
• Has no monthly payments required
• Has no income or credit qualification
• Lets you use the proceeds for any purpose

The proceeds of the Reverse Mortgage is the resource needed to complete the estate plan.

Reverse Mortgages fit into the estate plan by:

• Funding current and future medical expenses
• Purchasing and/or supplementing long-term care insurance
• Delivering tax free money
• Eliminating debt
• Paying property taxes and insurance
• Providing a cushion against the unexpected

How does a FINANCIAL ADVISOR fit into an estate plan and what services are provided?

The Financial Advisor plays an important role by helping increase the value of your estate. Our Financial Advisors place your money into secure fixed investments.

What should our Financial Advisors do for you?

• Simplify your financial life
• Help you to see the "entire" picture
• Shows you how each part of the plan affects other parts
• Give you the complete story
• Provide objective analysis and recommendations

Our Financial Advisors offer the following:

• Family Wealth Counseling
• Risk Management and Asset Protection Strategies
• Modern Portfolio theory Applied to Personal Investments
• Long term health care insurance

What is the Estate Plan?

The Estate Plan is a series of personalized legal documents that protect and preserve your estate for you and your loved ones.

Living Trust:

• Avoids probate (a court proceeding to transfer assets to your heirs) thereby significantly reducing expense of administration of the estate
• Keep your affairs private as there is no public record of the administration
• Avoids a conservatorship (another court proceeding) in the event of the incapacity of you or your spouse
• Allows your estate to pass as you wish
• Is a flexible document that you can have amended or revoked

Pour-over Will:

This is a "short" Will that works in tandem with your trust, to prevent probate of assets. This Will appoints a guardian if there are minor children.

Advanced Health Care Directive:

• Names person(s) to make health care decisions for you if you are unable
• Instructs that person about your desires for medical care, including circumstances to prolong or end your life
• Allows you to permit or refuse organ donation

How is HEALTH CARE part of Estate?

With estate management the client will have their health care issues taken care of by:

Nursing Care:

• Assistance with activities of daily living: ambulation, bathing, continence, dressing, meal preparation, transferring & toileting
• Transportation to doctor's office & appointments
• 24 hours a day, 7 days a week service
• Light housekeeping, laundryservice, linen changes

Specialty Care such as:

• Those with alzheimer's and Dementia
• Those recuperating from a stroke
• Multiple Sclerosis patients
• Parkinson's patients
• Cancer/Oncology Patients
• Hospice patients

Patients recovering from:

• Back, knee and hip surgery
• General Surgery
• Heart Surgery