People are living longer and health care is becoming more expensive. To confront this reality, long-term care planning should address options and finances. This care is not restricted to medical care or living in a facility. Long-term care also includes aging in a place where a person can live at home with assistance. Services usually include help with bathing, dressing, using the toilet, care with incontinence, meals and getting around. Other less intensive services include assistance with medications, grocery shopping, housework and handling bills and finances.
When you have a loved one who is unable to take care of himself or herself, you have the unique responsibility to provide appropriate care. Though there are some government assistance programs, sometimes that is not enough.
A lifetime of preparation and planning can be wiped out in minutes by a sudden natural disaster like Hurricane Florence in North Carolina or the wildfires in Paradise, California. Now, estate planning must be a part of preparing for natural disasters to ensure that acts of nature do not destroy the ability to pass on assets or preserve long-term planning.