This week’s discussion is brief. It doesn’t take much explanation. It states what should be obvious, but many people still overlook these issues.
When you need long term care, you may not be in a position to tell your family about the setting that you prefer in which to receive care (, nursing home, assisted living, or in your home with a home care company.) Likewise, you may not be in a position to explain to your family the strategy you adopted for dealing with long term care costs. (If you’ve bought long term care insurance or set up a trust, for example, your family may not know. In addition, you might qualify for VA benefits, but your family may not know where to find your discharge papers.)
Leave instructions, or talk over these issues with someone before hand.