Life Care Planning Resource Guide.
Thank you for registering on our page, please find the Life Care Planning Resource Guide.
We encourage you to review this and then circle back with us with your questions. We are here to help you!
National Elder Care Law, PLLC
1-888-9Legacy/ 1-888-953-4229
AGING IN KENTUCKY
February 2022
Why we fail to plan for long term care
Most Americans do not know, or refuse to accept, the facts surrounding their potential need for long-term care and the costs associated with it.
This was reconfirmed recently in a telephone survey of 1,735 Americans over the age of 40, funded by the SCAN Foundation and conducted by the Associated Press (AP) – NORC Center for Public Affairs Research (“survey”). This survey highlights many of the misconceptions Americans have about long-term care.
Common misconceptions include: the potential that a loved one may need some sort of long-term care within the next five (5) years; lack of knowledge of the positive impact of “person-centered care” practices; lack of understanding of coverage of long-term care services by Medicare, Medicaid and private insurance; and an increase in lack of concern over failure to plan for the costs associated with long-term care.
THE COST OF DEMENTIA CARE
A recent report from the Alzheimer’s Association states that one in nine Americans age 65 or older currently have Alzheimer’s. With the baby boomer generation aging and people living longer, that number may nearly triple by 2050
AGING ALONE WITH PEACE OF MIND
According to the United States Census Bureau more than 4.5 million Kentuckians are over 65 years old. A Pew Research study released in March 2021 reported that 27% of adults ages 60 and older in the U.S. live alone.”
PROFESSIONALS WORKING TOGEHTER BENEFITS SENIORS
There are often situations in which an older person needs the services of an attorney and medical professionals. A recent article in Bifocal, a publication of the American Bar Association, highlighted six scenarios in which such a collaboration would be beneficial to the older patient-client’s well-being, as well as the professionals.
GUIDANCE ON NAVIGATING ESTATE DECISIONS
Check out the advise our founder, attorney Mike Mckinely, has regarding how working with an Elder Care Lawyer offers seniors additional guidance when navigating estate planning decisions in his interview with Great Day Live on October 6, 2021.