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Follow on Google News | Government Workers & Retirees Risk Financial Ruin from Improper Estate PlanningEstate Planning isn't just for the Robin Leach crowd; improper planning leaves government workers and retirees, along with their family members susceptible to financial ruin, infighting, unscrupulous creditors and financial predators.
By: Public Retirement Planners, LLC In September of 2014, Meneshian held a similar online event about the need for government workers and retirees to strongly consider a specific estate planning issue: potential long-term care costs. "I'd say long-term care costs are the number one threat to investors in governmental 457 plans." When asked what the second largest threat to the financial well-being of the public sector is, Meneshian said it was the lack of estate planning. "A lot of people think estate planning is something that only very wealthy people need to do - the Robin Leach crowd, for example. But everyone has to do estate planning on some level, whether you're 18 years old or 80. Even filling out a simple beneficiary form is a good start, but you obviously have to get more in-depth. There are healthcare decision-making issues and questions of whether your adult children, will have the maturity to handle an inheritance" Other topics that Meneshian will address during the upcoming webinar will include the following: powers of attorney for healthcare and finances, preserving your 457 plan and wealth through long-term care insurance, preserving and multiplying wealth with life insurance strategies, and protecting loved ones from creditors and predators by properly using trusts. Registration for this unique event can be completed at http://457planinfo.com End
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