No one can never know for sure if they will or will not need long-term care. Maybe you will never need it. But as the saying goes, “Hope for the best but plan for the worst.” An unexpected accident, illness, or injury can change your needs, sometimes suddenly. And, among those things we know for sure is that we grow older every day. We hope our minds and bodies age without severe decline. But aging can be sneaky. The best time to think about long-term care is before you need it. How about now? If you don’t have a comprehensive estate plan that includes long-term care considerations, it’s time to review what you already have in place, or maybe even start over.The National Institute on Aging has a good article on this issue and helpful links on related matters. You can find it here: https://www.nia.nih.gov/health/planning-long-term-care?utm_source=20171023_ltcplans&utm_medium=email&utm_campaign=ealert?
Genworth Financial has recently published new research on American consumers’ ignorance about long-term care costs and financing options. http://www.thinkadvisor.com/2017/10/27/americans-worried-about-long-term-care-but-have-no?slreturn=1509746350
Being able to pay for care is adults’ greatest concern when it comes to aging, Genworth said, but just one-fifth of the participants in a recent survey the company sponsored told pollsters they had taken steps to