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Long-Term Care Planning Archives

A loved one is incapacitated. Will you be allowed to help?

An interesting question came up recently: What would persuade young millennials to begin discussions with their families about long-term care planning. Young people often still have their parents and their grandparents living, which sets up the expectation that older generations are in charge of these plans. So, if millennials don't have children of their own, estate planning and elder law don't come up all that often.

Home care costs among the costs elderly Texans can face

When a person thinks about the type of care costs they could end up facing as they get older, their mind might go right to nursing home costs. However, elderly individuals can end up facing substantial care costs even if they do not end up having to move into a nursing home.

If you are thinking about long-term care insurance, note this

Given the roller-coaster ride that has centrally marked the stock market in recent years, it is eminently understandable that many soon-to-be retirees and persons already embarked on their post-career lives fret over market dislocations when they review their so-called nest eggs.

Wealth doesn't dictate whether you need an estate plan or not

A couple of weeks ago, we wrote a post about how estate planning is something that needs to be done earlier in life, not later. We discussed some of the reasons why this is, and it really is important for all younger people to realize that even though you may not have as many assets as someone 10 or 20 years your senior, you still need an estate plan for the things you do have. A freak accident could claim your life, and without an estate plan, the things you do have won't be protected in ways offered by an estate plan.

Boomer focus: taking action on long-term care planning

The baby-boomer generation is filled with hard-working planners. But they often neglect one important aspect of their estate and retirement planning: long-term care. With the coupling of today's spiraling health care costs and an aging demographic group that is seeing high numbers of its members living to truly advanced ages, money pegged for health care is truly a bigger issue for millions than it has ever been before.

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