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“I Have Everything Taken Care Of!”
- Westmoreland 55+ Magazine
- Sep 29
- 2 min read
Updated: 6 days ago
I hear this all the time—but in reality, no one who walks into my office truly has everything covered.
Most people assume that once they’ve seen an attorney and signed some legal documents, they’re done. But here’s the truth: important pieces are often overlooked. (We don’t provide legal advice, but we work hand-in-hand with qualified estate planning attorneys to spot what may be missing.)
Common Gaps We See All the Time:
Incomplete Legal Documents – Many people stop at a Power of Attorney. But you may also need a Will, Living Will, or Physician’s Directive. Sometimes even a Trust (Revocable or Irrevocable).
Weak Power of Attorney – Documents may lack critical language, leaving your chosen agent powerless when you need them most.
Conflicting Beneficiaries – Your Will doesn’t control your retirement accounts, life insurance, or bank accounts with named beneficiaries. If these don’t match up, your assets may go to the wrong people.
Hidden Risks & Oversights – From probate to inheritance taxes, many families face surprises that could have been avoided with proper planning.
The Bigger Picture: Retirement & Care Costs
Estate planning isn’t just legal documents. It’s about life planning. Does your attorney or CPA fully understand the true cost of care in retirement? Probably not.
Healthcare Costs: A Fidelity study found the average couple will spend $330,000 on healthcare in retirement—and that’s without long-term care.
Long-Term Care Costs: Skilled nursing can exceed $11,000 per month; in-home care can top $21,000 per month.
Probate & Taxes: Probate can cost up to 5-7% of your estate. Inheritance taxes in PA run from 4.5% to 15%. With proper planning, these can often be reduced—or eliminated.
Retirement Accounts: Taxes can consume up to 54% of your IRA or 401(k). Even if you didn’t list Uncle Sam as a beneficiary, he’s still getting his share.
Here’s the good news:
With the right planning, you can:
Protect your family from unnecessary taxes and fees.
Leverage idle money to cover care costs and still earn returns.
Keep more of your legacy in your family’s hands—not the government’s.
📞 If you’re ready to make sure everything is truly taken care of, call us at 724-837-3553 to schedule your appointment today.
Take care, Kevin E. Bock, CSA Contact Integrity Retirement Solutions!
724-837-3553
Kevin Bock does not provide legal or tax advice. Guarantees are backed by the financial strength and claims paying ability of the issuing insurance company. A broad range of retirement solutions and insurance products are offered through Kevn Bock, PA insurance license number 352896