The youngest members of the baby boomer generation are entering their 50s this year, which means a large percentage of the population in Massachusetts and the rest of the United States is nearing or has reached retirement age.
Long-term care insurance: the very words summon up a range of emotions in families trying to make intelligent choices to plan for future care. It's a product whose value is so unpredictable that it's rather like a riddle for all concerned. How could something be at once notoriously expensive, yet also potentially a useful part of a prudent estate plan?
Creating an estate plan is often much more than deciding what property should go to whom. Usually, a person must think about his or her own future in addition to what should happen to the estate. For example: What should happen when you reach an age where you are unable to fully take care of yourself? Should you purchase long-term care insurance?
term care nursing facility. Inevitably, it is one of the most difficult decisions in any family's life, regardless of the specific elder law issues involved.