The Tax Professional & Long-Term Care Planning

No advisor provides more specialized advice and counsel than you do for your clients; INERTIA recognizes that reality.  You understand the financial and tax implications of sound planning and realize that Long-Term Care (LTC) is an involuntary risk that can decimate a client’s comprehensive financial planning.   Given that insight, encouraging LTC Planning creates a tremendous opportunity to positively impact your clients.  

As their primary source of tax-related information, you are uniquely positioned to help protect your clients from the impact of future LTC needs.  By introducing them to ways they might use the tax code to their advantage, you can position various tax-deductible, tax-advantaged, and tax-free benefits of LTC Planning.

Additionally, with the shift in the “advice-only” model for accounting firms and CPAs, many of your counterparts already recommend and implement financial and investment solutions for their clients.  Partnering with INERTIA can give you greater access to client-focused LTC planning and solutions, help broaden the scope of your practice, and allow you to ensure multi-generational financial security for your clients.

The Shifting Attitude Towards Long-Term Care Planning

• As a CPA, you understand risk and guide your clients accordingly.  LTC Planning addresses future chronic and age-related healthcare costs excluded by health insurance or Medicare.  By helping your clients implement proper planning, you can mitigate those risks for your clients and provide the value-added benefits they need.

• For individuals and businesses, the tax treatment of LTC Planning and solutions should be an important topic to discuss with clients, especially when you can articulate the various tax-efficient, tax-deductible, and tax-free planning options.

• CPAs know their clients, understand their needs, and see the value in proactive planning.  Given the importance of LTC Planning with today’s aging demographics, it should be an important aspect of your clients’ comprehensive financial planning and, more importantly, a vital component of their tax planning. 

• Clients want financial strategies that align with their long-term goals, and most expect their CPA to proactively recommend customized solutions to address their needs, including LTC Planning.

Now may be the perfect time to incorporate tax-focused Long-Term Care Planning into your practice, providing robust solutions for financial security.   Contact us to learn about tax-advantaged LTC Planning solutions to meet your client's needs and enhance your advisory relationship.