From the book: (Excerpted from the nine page chapter)
"So, we live in a new world. Inheritance will be a major part of financial planning for many people. This isn't just
a one-time, one-shot deal. Inheritance and asset preservation will become an important part of the way of life of many families, just as it has been for the "super
wealthy" of the past four hundred years of European and American and Asian history. As succeeding generations become older, then much older, and grayer, then much
grayer, they will also have to become more sophisticated in their handling of family money—money in the hands of normal, middle-American families."
"The facts are there, and those expecting to inherit now have some real family money to protect. Up goes the family money
for many "middle income" white- and blue-collar families. Good news. And, good news for those expecting an inheritance. But bad news, if even a $300,000
estate melts down in a few short years due to long term care costs suffered by either Mom or Dad, or the family Matriarch, or Patriarch, or both."
"Use a long term care insurance agent to explain the benefits of LTCI, and coordinate the accounting and legal matters with your
accountant and attorney. Today's family and tomorrow's families will be thankful. You will have accepted the responsibility of family money in the same fashion as
the elite of the world have done for centuries—just with some newer personal variations. Remember, American family money is a relatively new experience for
many average people—and remember also, that it's not just for the rich anymore!"