In Denver at Academy of Special Needs Planners Annual Conference... Reinforcing the economic prudence of incorporating long term care planning provisions into simple estate plans. Many clients during our initial estate planning consultation come in with the belief that they only need a simple will or trust to get their affairs in order. This assumption is not based on the reality of how many of us will eventually need long term care: Private pay value of 24/7 custodial care non-medical (aide)- $131,400 to $175,200 annually! Private pay value for a SHARED room at a nursing facility – Minimum of $90.000 annually! This could be significantly more depending upon the state you live in. So doesnt it make sense to plan for this possibility?
Posted on: Fri, 28 Mar 2014 16:24:37 +0000