Risk Management

Risk Management and Asset Protection Planning

Would your loved ones be able to maintain their lifestyle in the event of your death or disability? Would you have sufficient liquidity to pay off debts and fund your children's education? If you are a business owner, do you have an efficient way to fund a buy-sell agreement?

Providing for your loved ones in the event of death, disability, or personal liability loss is a vital part of your financial plan.

Because of the many risks that may jeopardize your income and wealth, Waterford Advisors analyzes your current insurance coverage to help you determine which risks you can and cannot afford to bear and mitigate any potential unwanted exposure.

Our goal is to help protect your assets if and when the unexpected occurs. We will assist you in evaluating and obtaining cost-effective insurance protection—including personal liability, property and casualty, disability, and life insurance.

Elder Care and Long-Term Care

We are truly blessed to live in an era when individuals live well into their 80s and 90s. It is therefore important to plan for the appropriate level of care that you and/or your loved ones may need during the later stages of life.

Unfortunately, long-term care costs can be daunting. One year in a nursing home can easily cost more than $100,000. Accordingly, one of the biggest decisions you will need to make is how to pay for such care and how to evaluate and select the appropriate level of care if and when the time comes. Depending upon your circumstances, we can assist you in evaluating your options, including whether long-term care insurance is right for you.

Many of our clients request our assistance with planning for their elderly parents and loved ones. We frequently work with elder care professionals who specialize in helping you select an appropriate care level and who can work within complicated rules to achieve an optimal solution.

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Buy-Sell Agreements and Disability Buyout Arrangements

For assistance with Buy-Sell Agreements and Disability Buyout Arrangements, please contact us for more information.