Senior Selections: Planning for Nursing Home Care
We often hear from married couples during estate planning conferences that they do not plan to go to a nursing home. Our half-joking reply is that lines rarely form for people wanting to enter nursing homes unless they are visiting nursing home residents. According to the Indiana Long-Term Care Partnership Program, “individuals living over the age of 65 will have a 60-70 percent chance of needing some type of long-term care service.” If that statistic is correct, wise people should plan for nursing home care, and then invest in healthy lifestyles that permit some people to remain at home.
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