Most people who are looking ahead to their retirement have concerns about having enough assets to last them through a long and healthy life. Longevity numbers indicate that people are living longer than ever before but far too many people who think they are doing their due diligence with regard to estate planning are omitting one of the most important components: the potential costs of health care. 
U.S. government agency reports indicate that up to 70% of people will need long term care at some point in their lives and yet one-third of Americans aged 40 and older admit they’ve done nothing to plan for it. This can prove to be catastrophic when a loved one in question develops a long-term care problem such as dementia that requires further assistance. If family members are not able to step in and help, they may be counting on Medicare and Medicaid to cover these costs.
However, many people have misconceptions about these federal government programs and these programs often do not cover what the loved ones anticipated. This can lead to unfortunate surprises and frustrations. Consulting with a knowledgeable estate planning attorney now to discuss these critical issues is extremely important. Do not neglect long term care planning as you look ahead to your retirement. A long and healthy retirement should consider all prospective issues such as paying your bills, enjoying your lifestyle, spending time with family and a safeguard in the event that you develop any health care related issue. Schedule a consultation today with an experienced estate planning lawyer in Pasadena.
