Sarah, recently divorced and navigating a new chapter in life, was focused on securing her financial future. With two adult daughters who were both nurses, she was proud of their accomplishments but worried about becoming a burden to them down the road. Financially, she had a $1.7 million balance sheet, a $132,000 teacher salary, $27,000 in annual alimony, and a $55,000 business buyout over 20 years. However, the fear of future long-term care costs lingered.

While her immediate financial situation seemed secure, the prospect of long-term care and the potential impact on her daughters’ lives dominated her worries. She expressed apprehension about her daughters having to pause their own lives to provide care if needed.

Collaborative Insurance Solutions does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only and should not be relied on for tax, legal, or accounting guidance. Please consult your own tax, legal, and accounting advisors before engaging in any transaction.

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