HOLISTIC LONG-TERM CARE PLANNING
Estate planning involves preparing your assets for eventual distribution to your heirs and this is an important thing to take care of as soon as you become a responsible and self-supporting adult. However, the truly wise course of action is to create a comprehensive, holistic long-term plan for the future that culminates with the passing along of your legacy.
This includes preparing for all the eventualities of aging. For one thing, if you're like most people you want to enjoy your retirement years to the fullest. To be able to do this you are going to have to plan ahead well in advance to give yourself enough time to accumulate the financial resources that you will need. Far too many people neglect to create a retirement plan and a very high percentage of them live to regret it.
And then after your active retirement years are behind you there are other things to consider. Many of our elders lose the ability to make sound decisions, and this makes incapacity planning an important component to any holistic long-term plan for aging. You also have to make your wishes known with regard to medical procedures such as the use of artificial life-support systems should you fall into a terminal condition that is deemed irreversible by medical professionals.
A lot of people don't know where to begin when it comes to long-term planning and this is understandable. The intelligent first step is to reach out and make an appointment to speak with a good Riverside elder law attorney.