Picture this scenario…
You’ve worked hard, saved and managed to accumulate some wealth.
You’re not a robber baron by any means but you’re comfortable. Your siblings haven’t fared as well and you want to make sure that their children have the benefit of a solid higher education. With no children of your own, it seems the right thing to do.
What does this have to do with estate planning?
Nothing. I just like it.
So you set up 529 college education savings plans for your nieces and nephews, make them the beneficiaries, and mention everything in your will.
Last week, I promised to give you some thoughts on nursing home care. And here it is!
Now that we’re living longer than ever, we need to ask some tough questions about how to care for our elders (and ourselves) when the time comes. Making the decision to place a loved one in a nursing home can be one of the most heart-wrenching decisions you’ll ever make.
Mom, long before her last illness.
Can you believe this woman had 10 kids?
My mom, shortly before she passed away.
She’s why I want to help people have a good, secure, content old age.
Ain’t she something?
We all know that Americans are living far longer today than we were even a short time ago. But we’re living sicker lives. Currently, elder Americans spend 65 cents of every dollar spent on health care and that amount is expected to take a sharp upward turn in dollars and as a percentage of expenditures in the near future.