Long-Term Healthcare & Estate Planning

Long-Term Healthcare & Estate Planning & Proactive Legacy are among the most ignored areas of financial planning, but they are some of the most important. Crown Haven doesn’t ignore your golden years, and neither should you.

Goals & Outcomes:

  • Affordable Coverage for Long-Term Care

  • Estate Planning Coordination & Asset Protection

  • Spousal Protection & Income Continuation

  • Probate Avoidance

  • Estate Tax Mitigation

What We Will Discuss:

52% of all people aged 65 or older will need some type of long-term care over their lifetimes.

The above fact means that if you’re married, there is a near certainty that you or your spouse will need care; this is an issue that cannot be ignored.

At Crown Haven, we are going to educate you on all of your options, identifying a plan that is cost-neutral, so that you can rest easy knowing that if the worst-case scenario does happen, that person will get care, and their spouse will be financially secure.

Wills, Trusts, and estates make up a significant portion of your wealth. We work with a select group of highly skilled Estate Planning Attorneys who can work with you to review your current documents, create new documents to fill holes in your current estate plan, and keep your beneficiaries up to date.

If a spouse dies suddenly, the last thing the surviving spouse wants to think about is: “Am I going to be ok?”

At Crown Haven, every RetireSHIELD® is designed so that both spouses are covered in the event of an untimely passing, ensuring that neither spouse ever sacrifices their standard of living or has to deal with additional financial stress during their time of grief and mourning.

Similar to Spousal Protection & Income Continuation, the last thing a surviving spouse (or child) should have to deal with at a time of great sorrow is the financial stress, feeling of responsibility, and ultimate financial cost of probate.

Put simply, the last thing you want to do when someone you love has died is deal with a bunch of attorneys.

In Indiana the average cost to settle an Estate is 4% of the total value of the estate. This cost – in time, energy and money expended – can be avoided completely with the right planning.

The strategic use of low-cost term life insurance, annuities, and proper trust creation can help you avoid probate in its entirety. Further, Section 7702 of the US Tax Code can actually offset the taxable portion of the estate – turning that previous cost of 4% into a net gain.

In Indiana, we are fortunate that the State imposes no estate taxes. At the Federal Level, Estate Taxes begin on Estates containing assets greater than 11.7 million. However, there are legislative risks associated with estate taxes, such as the possible elimination of the “step-up” in cost basis currently enjoyed by many heirs, as well as the recently enacted Secure Act which eliminated the Stretch IRA. Crown Haven employs advanced strategies to mitigate these taxes for our clients, and every custom-tailored RetireSHIELD® includes an assessment of your possible liability and how to address it.

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Investment Advisory Services offered through Crown Haven Wealth Management, LLC
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Phone: 414.667.7233
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Crown Haven Wealth Management LLC is a state registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. Information presented is for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.