Page 26 - Growing Old Without a Plan for Long Term Care is not for Sissies_Neat

8 Growing Old Without a Plan for Long Term Care is not for Sissies If you have income or assets that that you want to preserve, especially if needed for a surviving spouse or dependent, you need to seek the assistance of a Long Term Care Planning Advi- sor to help you in gathering and analyzing additional facts to help you make your decision. What personal circumstances I should consider? Each of us is looks at the aging process and our potential need for care differently. Here are some questions you should ask yourself to help you understand your outlook on long term care: Do you have family members that are able and willing to care for you when you need assistance? Husband, wife, daughter, son, grandchild, etc.? What kind of hardship will it place on your family mem- ber caregiver? Will s/he have to quit work to care for you? If so, have you factored in that cost? Is s/he physically capable of caring for you both now and in the future? If you are married and plan to take care of each oth- er, what will happen if one of you dies before the other needs care? Or if both of you need care at the same time? What effect will providing your care have on the health of your spouse? If children or grandchildren would provide the care, what effect will this have on their family? What effect will your need for care have on your relation- ship with your caregiver(s)? For example, are you ready