November is Long-Term Care Awareness Month

Longevity Planning

Hullabalog is pleased to welcome Katherine Nixon ’90.  Katherine is a CPA who enjoys helping business professionals and retirees. Although she has several designations, none are as meaningful to her as the life experiences of many clients and family members which have shaped her career. Katherine enjoys speaking on different tax-advantaged longevity planning strategies and giving workshops which help others reach their goals. Helping families plan ahead to leave a legacy that is more just their money is her stated purpose. She write articles and provides workshops on retirement decisions, extended care choices, and estate tax planning opportunities.  Katherine has been honored with awards from her peers for her continued efforts to help others. Her firm was recently honored and ranked #20 in the 2010 Aggie 100 from the Mays School of Business. The Aggie 100 identifies, recognizes and celebrates the 100 fastest growing Aggie-owned or led businesses in the world.

Enjoy her post and please share your comments.

We hope that all is well with you. We would like to bring to your attention that November is Long-term Care Awareness Month. During the next few weeks, would you consider taking a moment to honor someone you know who has put aside their own career and personal life to provide care for a family member. Then, take an additional moment to reflect on what will happen to those you love if you ever need care over a period of years.

We have worked with far too many clients who have asked for our help only after they were faced with the prospect of needing long-term care. Although each person’s situation was unique, they shared two things in common: First, all were successful financially and second, everyone who developed dementia or a chronic illness was absolutely convinced – beyond any doubt – that it would never happen to him or her.

Unfortunately, these individuals never realized that providing care would quickly become all-consuming to those they loved; that in effect, providing care to them would also make those they loved sick. As well, no one understood that there were financial consequences: paying for care placed their families in a precarious financial condition.

The only way to prevent this happening to your family is to create a plan, the goal of which is to keep you safe at home, while preserving the emotional, physical and financial well-being of those you love.

We want to extend an offer to meet with you to discuss, not the risk of needing care, but rather how severe the consequences providing care would have on those you love if you ever did. We can share some ideas about putting together a plan that mitigates those consequences.

Thanks for your consideration of this longevity planning need. If we can help, you may contact us at 281-370-6622 or www.longevity planning.info. Safe travels.