One way to help someone in your life is to consider and plan for how to pay for any long-term care that you may need in your future, so that the burden does not fall upon your spouse or children. Approximately 52% of adults turning 65 will need some form of long-term care at some point. And, as I stated in my previous article, only one-third of Americans have an estate plan in place. When you analyze the above statistics, the odds of anyone having long-term care planning in place are pretty low, but their odds of needing it are pretty high. So, how can you change these numbers?
With the new year approaching, now is the perfect time to show how much you care for your loved ones by having a consultation with an attorney who specializes in Estate Planning and Elder Law so that you can know your choices and take advantage of any planning available that can help you conserve your life savings and real estate. This is peace of mind for you and your loved ones in the event of a health concern that may result in the necessity of long-term care.
Take time this holiday season to reflect upon your good health. But, remember that planning for the proverbial rainy day is always a smart move. Your loved ones will thank you for helping them help you.
To learn more, contact:
Maria B. Hafford
Attorney at Law
Hafford Elder Law Planning
3401 Professional Park Drive
Marion, Illinois 62959