Long-term care planning is a family responsibility.
One of my most recent clients did an unusual thing! One day, during the beginning of the selection process for his long-term care insurance policy, three more names showed up on the cc line. His wife and two daughters were engaged in the process of selecting the right contract ‘as a family’. This is the best way to smooth the glide path into the vintage years. Keep the important people up to date with your wills and trusts, where you want to receive help with your daily living activities and how the cost of care is going to be paid. And, of course, writing your own obituary as a team.
Check out this link https://www.investopedia.com/insurance/longterm-care-planning-its-about-family and let me know if you want more information: www.calendly.com/jimbetter. Find more resources in our blog.