According to the U.S. Department of Health & Human Services:
- Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and supports in their remaining years
- Women need care longer (3.7 years) than men (2.2 years)
- One-third of today’s 65 year-olds may never need long-term care support, but 20 percent will need it for longer than 5 years
Having a will and medical directives or even long-term care insurance won’t guarantee that the individual(s) who would step in to advocate for you will know about your medical history, your bills, your home improvements, your tax preparer or even your pets care needs. You want someone to be your advocate should you be facing a medical crisis or long-term care needs.
To get started, download a free check list of the documents you need or order a copy of the MemoryBanc Register that will guide you through the process of organizing your documents, accounts, and assets so that you can easily find them, and share them with a loved one when needed. Organized.