Long Term Care Planning

Why consider long-term care planning? As people age, there are many expenses that they and their family can be facing. This includes the costs related to long-term care. How much such care will cost is very much dependent on family circumstances. It is affected by a...

Why is long-term care planning needed?  Millennials taking care of their parents may think they are the only ones trudging across the city to check on their parents or moving across the country to live near family members who need them, so it might come as a surprise...

Why is Long Term Care Planning important? As difficult as it may be to accept, there is a very real probability that many Pennsylvania residents, like their elderly counterparts across the country, will need to spend some time in a nursing home. About 14% of all...

Do you need to consider long-term care planning for yourself or your parents? According to a new study, there is a wide disconnect between how many people think they will need long term care versus how many will actually need it. As of now, only 46 percent of people...

Depending on one's state of residence, children may be financially liable for their parents' long-term care bills. Known as filial responsibility laws, these laws state that children can be held legally responsible for long-term care expenses if their parents are...

With long term care planning, it is never easy to face the fact that a parent may need extra care to live. A frightening number of neglect and abuse cases surface each year; you want to know that your loved one is in a safe place, which is why it is critical to visit...

Should you consider long term care planning? Although no one can see the future, we can all plan for any number of eventualities. For many people, planning for the "what ifs" is a crucial part of estate planning, and involves considering how to pay for long term care....

Long term care planning, which may be included by Pennsylvania residents as part of their estate plans, has several factors to consider. First, there is the cost of care, which can be significant. Second, there is the consideration of how long the care might be...

When most people think about starting an estate plan, they may make the mistake of thinking that the plan will only address what happens to their assets after they die. But, the reality is that comprehensive estate plans can take into account a wide variety of...

When most people think about estate planning and covering costs for long-term care, they probably think just about themselves. But, the reality is that many people will need to have these discussions with their parents as well, particularly when those parents are...