The Need to Talk to Your Children About End of Life Planning
70% of those 65 or older will need long-term care services at some point in their lives, and in many cases, their kids will become their caretakers. People in their later years need to talk to their adult children about this fact, but many may have trouble having that “talk”. The Need to Talk to Your Children About End of Life Planning.
Just like that talk about the birds and the bees, people may have trouble talking about their aging because it’s uncomfortable and it’s hard to face losing control. But according to Tim Prosch, author of The Other Talk: A Guide to Talking With Your Adult Children About the Rest of Your Life, parents need to at least discuss the following:
How to pay for long-term care;
Where to live if they need to move out of the home;
Who is going to advocate for their medical needs; and,
What are their end-of-life instructions?
Reference: Gerry W. Beyer: Wills, Trusts, Estates Prof Blog (March 31, 2014)
Filed Under: Estate Planning; Disability Planning; Health Care; Elder Law
Please contact our Philadelphia Estate Planning and Business Law Firm with your questions, comments or concerns. Check our experienced Philadelphia Estate Planning Attorneys for further help needed at the Law Firm of Pozzuolo Rodden, P.C.