Palm Desert Blog of Lawyer Dale S. Gribow

In a recent Orange County Register article, it was noted that fewer than 30% of seniors have prepared an Estate Plan for their care when they can no longer do it themselves.  Seniors should have a living will that states their treatment choices if they become incapacitated.  They should draw up a health care proxy that names someone to make those decisions for them.

A recent survey found that 57% of older adults (more women than men) think retirement is an exciting, new chapter in their lives.  Sixty percent continue working to get more money for their retirement.  For those over 55, uninsured medical expenses is their top priority.  Only 37% of seniors feel they will need long-term healthcare.  A large percentage did not want to be a burden on their family members.  Lastly, about 92% did not think about how they will pay for care or what their options would be. 

In summary, seniors should fill out a living will, identify a healthcare proxy and discuss your long-term care with your family.  If you need additional help, an experienced Estate Planning attorney should be contacted.

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