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Advising Elderly Clients: Asset Preservation, LTC, Medical Costs, Trusts, and Critical Documents

Note: CLE credit is not offered on this program

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Tuesday, November 26, 2019

Recorded event now available

or call 1-800-926-7926

This course will explain planning strategies to preserve a senior's accumulated wealth and steps that can be taken to address the challenges of aging. The panel will discuss preparing for long-term care and medical costs and the necessary documents that the elderly should have in place, including healthcare directives, powers of attorney, and wills.


After spending a lifetime accumulating assets, an unexpected illness, assisted living, and medical costs can significantly reduce or obliterate a senior's savings. As the population continues to age, more reliance is being placed on CPAs, financial planners, and advisers to provide advice for aging clients. Although everyone agrees that planning is essential to combat rising medical costs, and to provide peace-of-mind, misinformation abounds around elderly planning.

Medical expenses and long-term care costs for chronic illnesses can be devastating to seniors. Long-term care insurance (LTCI), life insurance, reverse mortgages, and Medicaid are available to combat these expenses. LTCI can cover costs not covered by Medicare. Borrowing against the equity in a residence or tapping life insurance policies before death can also help defray costs. Understanding how and when these options fit into lifetime planning is crucial.

Financial considerations may not be the most pressing worry for seniors. Exploitation, diminished capacity, and elder abuse are all vital concerns. A trust, living will, or general durable power of attorney (GDPOA) can mitigate some of these risks.

Listen as our panel of experts divulges strategies for aging clients, including how to secure Medicaid, plan for long-term care, document wishes, and other essential steps to ensure seniors remain financially healthy for life.



  1. The aging population
  2. Elder issues
    1. Powers of attorney
    2. Wills and living wills
    3. Trusts
  3. Financial planning
    1. Long-term care planning
    2. Asset protection
    3. Medicaid planning
    4. Probate


The panel will review these and other significant issues:

  • Who should have a healthcare directive?
  • What steps should be taken to qualify for Medicaid?
  • When should a senior consider a trust?
  • When should long-term care insurance be purchased?


Nelson, Cindy
Cindy Nelson, JD

Nelson Elder Care Law

Ms. Nelson is an Attorney and the Founder of Nelson Elder Care Law. She specializes in representing seniors’...  |  Read More

Nelson, Joshua
Joshua Nelson

Nelson Elder Care Law

Mr. Nelson is an Attorney and Alliance Architect for Nelson Elder Care Law. He specializes in finance, banking, and...  |  Read More

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CPE credit is not available on downloads.