Month: August 2023
Being proactive by giving serious consideration to long-term care planning provides peace of mind and frees you to fulfill goals as you grow older. Why is this planning important? …
3 Questions You Should Ask about Long-Term Care PlanningRead More »
“I was greatly elated by the discovery that there is a physiologic basis for the ancient theory that laughter is good medicine,” wrote Norman Cousins. …
Unexpected health changes that require long-term care can occur at any age, though the likelihood increases with age. Someone turning age 65 today has a 70% chance of needing long-term care services and supports as they grow older, according to the U.S. Administration on Aging.
I’m sure you know someone who has assisted an aging parent navigate a health challenge. It was likely a stressful situation because their parents had not made plans for long-term care, refused help, and left their adult children to pick up the pieces during a crisis.
This scenario is all too common and why long-term care planning is essential, so your family is not burdened by your potential health, memory, or mobility changes.
Now is the perfect time to make sure you are well set for the future. Planning doesn’t have to be onerous; it will bring peace of mind and allow you to focus on what matters most.
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Once you’ve decided it’s unwise to give or lend money to adult children—or grandchildren—think through how you want to communicate your decision.
Money is often equated with love. Even if this is a loving decision (e.g., you’ve determined that giving or lending them money is encouraging something unhealthy), how and when you decline is important for the future of your relationship. …