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ESTATE PLANNING

You work your entire adult life, some of us even before we were adults, to save money and build a good life for ourselves and our loved ones. Upon your death you want to know you have continued to protect the people important to you. The monies you leave behind are referred to as "your estate". Just like the plans you made during your lifetime had many factors that required help from experts this is no different. Please allow us to help you make this plan to protect your loved ones one last time.

Planning allows you to decide while you are alive how your assets will be distributed. It also allows you to protect your heirs from unanticipated devastating expenses ranging from debts to taxes to administrative fees. In many instances, estates do not have the necessary cash to pay for these expenses. Loved ones are forced to quickly liquidate assets such as homes and businesses to pay these expenses, often at a fraction of their real value. There are many parts to planning for your estate and many can involve. We can help you by working the many professionals involved in the process.

Our discussion will explore:

•Wills
•Executors
•Probate
•Estate Taxes
•Trusts
•Life Insurance

COVERAGE YOU HAVE EARNED!
MEDICARE
Medicare is the health insurance we pay into while you work so we can be covered upon our retirement at age 65 or if you become disabled by Medicare standards. Most of us would expect this to be a simple process when it comes time to apply for Medicare but it doesn't always work that way. Even after you have signed up for Medicare coverage each year you have to review and determine your Medicare supplemental insurance and prescription coverage plan. Please let us help you with this process and clear up any questions you may have about these plans.

Different parts of Medicare cover different services. There are Part A, Part B, Part C and Part D

Original Medicare which is administered directly by the federal government has two parts:

Part A (Hospital Insurance) covers most medically necessary hospital, skilled nursing facility, home health and hospice care. It is free if you have worked and paid Social Security taxes for at least 40 calendar quarters (10 years)

Part B (Medical Insurance) covers most medically necessary doctors’ services, preventive care, durable medical equipment, hospital outpatient services, laboratory tests, x-rays, mental health care, and some home health and ambulance services.

 Part C is not a separate benefit. Part C is the part of Medicare policy that allows private health insurance companies to provide Medicare benefits. These Medicare private health plans, such as HMOs and PPOs, are known as Medicare Advantage plans and alternate medical supplement plans. If you want, you can choose to get your Medicare coverage through a Medicare Advantage plan instead of Original Medicare.

Part D (outpatient Prescription Drug Insurance) is the part of Medicare that provides outpatient prescription drug coverage. Part D is provided only through private insurance companies that have contracts with the government—it is never provided directly by the government.

Medicare Advantage plans must offer at least the same benefits as Original Medicare (those covered under Parts A and B) but can do so with different rules, costs and coverage restrictions. You can also get Part D, Medical Supplement plans, as part of the benefits package if you choose. Many different kinds of Medicare Advantage or Medical Supplement plans are available. You may pay a monthly premium for this coverage, in addition to your Part B premium.

PREPARING FOR WHAT YOU WISH YOU COULD IGNORE!
LONG TERM CARE INSURANCE

Long Term Care insurance is made to help you when you can no longer take care of many of your basic daily living tasks. This is something none of want to consider let alone plan for in the future but without a plan you could be risking your home and your entire families financial future. Let us help you determine the best way to protect yourself.

Long term care is the assistance individuals need when they are unable to care for themselves and need help with Activities of Daily Living (ADLs) - bathing, dressing, transferring, toileting, continence (control of bodily functions), and eating - or they have severe cognitive impairment such as Alzheimer's disease. The need for long-term care can result from an accident, chronic illness or short-term disability, or from advance age.

Long term care can include a broad range of services, provided in any setting outside a hospital. It might be help with simple daily tasks like bathing or dressing. It might include skilled care in your own home, an assisted living facility, some other community resources, or a nursing facility.

No other type of insurance covers this need unless you exhaust your assets first. This may mean financial ruin for your loved ones who want to make sure you are properly taken care of if it becomes necessary.

YOUR HARD EARNED MONEY COMING BACK TO YOU!
SOCIAL SECURITY

Social Security, for most people, is the return of monies they have paid into this system throughout the years they have worked. It is not an entitlement program but return on a life long investment. When you choose to take Social Security can be an important and complex decision. You may lose out on thousands of dollars over your retirement years if  you don't actively determine the best time to start taking this income.


Most people do not access Social Security for anything other than their
retirement benefits. It is not just about paying retired people a monthly income. The program acts as insurance for Americans who encounter difficult financial situations. This includes (but is not limited to):

•insurance for retirement
•insurance for the surviving spouse and children of someone who dies
•insurance for disability
•veterans benefits
•unemployment insurance

There are many things that have to be done to access these benefits with any of this situations. Please let us use our expertise to help you through this complex process. We offer a complete social security analysis to help you determine the best possible timing of your benefits.

933 Falmouth Road ~ Route 28
Hyannis ~ MA ~02601
Office: 508-775-6010 or 800-241-4117
FAX: 866-554-0534
jgoldman@kcdfinancial.com
info@goldmaninsurance.com
Securities Offered Through: KCD Financial, Inc.
Member FINRA & SIPC

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 This web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult a competent attorney, tax advisor, or accountant. ~ Content copyright 2015. goldmaninsurance.com. All rights reserved.

This communication is strictly intended for individuals residing in the state(s) of FL, MA, RI and WA. No offers may be made or accepted from any resident outside the specific states referenced.
 


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