GENERATIONAL WEALTH PLANNING
FOR HIGH NET WORTH FAMILIES
• Experienced • Customized • Service Oriented • Objective
John Marshall IV
CFA,CFP, Partner
You suddenly find your family in a
position you never expected to be in:
joining the more than 34 million Americans
currently receiving some type of home care.
It could be for a senior relative wishing to
stay safely at home for as long as possible,
it might be respite care for a family member
with a disability or long-term illness. It
might even be as simple as reclaiming
a few hours a week for yourself to keep
your primary employment or take a muchneeded
break.
Whatever your reasons, you’re not alone.
Making the decision to seek support is the
first step to managing your family’s unique
situation in a positive and sustainable way.
How you go about finding this care is the
next step, and one that requires careful
consideration.
Professional home caregivers usually
work in an agency setting, where each
carer is screened, bonded, insured and
trained. This is a peace-of-mind scenario
where a well-oiled machine does the ‘heavy
ADVERTORIAL
lifting’ of contracts, legalities, payroll and
background checks. You become part of the
agency family as they tailor a care package
to suit your family’s individual needs.
A second option is to privately hire
an independent caregiver. This is often
attractive to families because it appears
to be a lower-cost option, and may seem
to have more of a personal touch than a
larger organization.
However, there’s often more to private
hiring than meets the eye, because the
buck stops with you. Any issue that arises
is your problem to solve and unless you
are rigorous in your approach, and plan
for every worst-case scenario, your family
could be liable for unexpected tax or
insurance payments and, even worse,
potentially putting your loved one in
harm’s way.
So, is the lower cost worth it, and could
it actually come at a higher cost than using
a reputable agency?
A NYS LICENSED HOME CARE AGENCY
212-259-9347
Kenneth Lynn
VP, Investment Advisor
Andres Fernandez
VP, Investment Advisor
Jack Salzman
Senior Managing Partner
jsalzman@kingspt.com
516.439.5105
jmarshall@kingspt.com
516.439.5103
klynn@kingspt.com
516.439.5111
afernandez@kingspt.com
516.439.5117
60 CUTTERMILL ROAD | SUITE 516 | GREAT NECK, NY 11021 | WWW.KINGSPOINTCAP.COM
10 NORTH SHORE TOWERS COURIER ¢ April 2020
/WWW.KINGSPOINTCAP.COM
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