by Paul Lorrah
Traditional estate planning fails us as we age. Traditional estate planning generally consists of a standard Power of Attorney document, a Will and sometimes a living trust.
These items are all very necessary but they don't directly address the looming issue we all face as we age... Long Term Care.
The cost of long term care could bankrupt most families in a short time and must be addressed. Long term care costs average between $5,000 and $12,000 per month.
Financial planning to prepare for the cost of long term care is may be the most important step you'll ever take to protect your house and savings and must be considered by anyone age 70 and over. If not, it may be very detrimental to their finances.
Our office specializes in planning for Seniors and will address all of your questions and concerns and will ensure that you are properly protected.
We have offices throughout New Jersey, Pennsylvania, Delaware and Maryland to service your needs.
Contact us today to learn more! 855.471.6771