Confidence Wealth & Insurance Solutions No Comments

Printable Version

General information Yes No N/A
1. Has relevant personal information been gathered?
• Name
• Date of birth
• Legal state of residence
• Health status, including medications being taken
• Marital status
• Family members available for support
• Name, phone number, and address of attorney, physician, geriatric care manager or other advisor
2. Has financial situation been assessed?
• Income from Social Security, pension, employment, or other source
• Expenses
• Assets
• Liabilities
Notes:
Long-term care planning Yes No N/A
1. Is the need for long-term care imminent?
2. Are assets sufficient to cover long-term care needs?
3. Have ways to fund long-term care been reviewed/evaluated?
4. If homeowner, has home equity as a use of funds been discussed?
5. Are long-term care insurance benefits available?
6. Have various housing options and their costs been considered?
• In-home care
• Living with a relative
• Continuing care retirement community
• Assisted living
• Nursing home
Notes:
Insurance planning Yes No N/A
1. Is adequate health insurance available?• Medicare
• Medigap
• Private health insurance
• Prescription plans
2. Have Medicaid planning goals and strategies been considered?
3. Has Medicaid qualification criteria been discussed?
4. Has the need for long-term care insurance been established?
5. Is long-term care insurance coverage available to the client?
6. Have existing long-term care insurance policies been reviewed/evaluated?
7. Does long-term care insurance coverage need to be upgraded?
8. Do long-term care benefits need to be accessed?
Notes:
Estate planning Yes No N/A
1. Has long-term care planning been coordinated with estate planning needs?
2. Have appropriate estate planning documents been prepared?
• Will
• Trust
3. Have advanced medical directives been prepared?
• Durable power of attorney
• Living will
• Health-care proxy
4. Have letters of instruction been prepared?
5. Has this information been communicated to family members?
Notes:
Other Yes No N/A
1. Has the need for organizing important documents and records been discussed?
• Bank account records (statements and passbooks)
• Monthly bills to be paid
• Stock certificates, bonds, and other investment records
• Retirement plan statements
• Real estate deeds, mortgages, and other property ownership records
• Vehicle titles
• Business agreements
• Insurance policies
• Will, trust, advanced medical directives, letters of instruction, and other documents
• Birth certificate, marriage certificate, divorce decree, military service papers
Notes:

Printable Version

 

Important Disclosure

Comment Below!