Humility can be difficult. However, recognizing your limitations as you start to look forward to the future is important, and you have to be humble enough to accept that no one is immune to aging.
Because of this, it is a good idea to address these eventualities with your family before a problem occurs. For example, let’s take a look at long-term care:
The majority of people who reach their middle 60s will someday need long-term care, so this is something that everyone should take seriously.
The logical course of action is to sit down as a family and discuss long-term care (and any other elder law issues that may arise), explore your options, and come to some type of consensus. Depending on your family dynamic, your family members may be called upon to provide assistance so they should probably be involved in the decision-making process.
Communication with family members is part of the equation, and along with this, it is a good idea to have a meaningful dialogue with an experienced legal professional. If you would like to discuss these matters, simply take a moment to arrange for a consultation with an experienced elder law attorney in the Covington, KY area.
- Estate Planning for a Spendthrift Heir - July 3, 2020
- Estate Planning Procrastination Is Dangerous - June 29, 2020
- When Should You Use an Irrevocable Trust? - June 24, 2020
