It’s far easier to delay thinking about our own aging and end of life decisions when parents are healthy and well. However, once you’ve experienced the illness, incapacity and/or death of a parent, reality sets in. That’s when you realize that you need to start planning, including planning for long-term care.
WTOP’s recent article, “Preparing for old age: Long-term care, insurance and estate planning,” says the first step is to mirror the kind of conversations you held with your parents and have the same conversation with yourself. Take a look at your vision for how you want to age and how you want to address your end-of-life issues before you make any moves with your estate plan or insurance coverage. If you have a partner, first work independently on your own wishes, then have a conversation together.