By Thomas D. Begley Jr.<\/p>\n
WHAT SHOULD YOU KNOW ABOUT<\/em><\/strong> LONG-TERM CARE?<\/em><\/strong><\/p>\n Long-term care is an area of growing concern to older Americans and their families. Approximately 70% of individuals age 65 or older eventually require some form of long-term care. Whether that consists of home healthcare, assisted living or nursing home care, the costs can be substantial. Without adequate planning, long-term care costs can quickly deplete a lifetime of savings. That, in turn, can jeopardize the financial security of a surviving spouse and undo any plans for transferring wealth to children.<\/p>\n Given the complexity of long-term care planning and the potential for costly errors, it is important to retain an experienced Elder Law attorney to guide you through the process.\u00a0<\/strong><\/p>\n HOW CAN YOU PLAN FOR LONG-TERM CARE NEEDS?<\/em><\/strong><\/p>\n Generally, the long-term care planning process involves:<\/p>\n WHAT ARE YOUR GOALS?<\/em><\/strong><\/p>\n\n