Planning for the possibility of needing long-term medical care is something few do in Florida or across the country. Some postpone this planning because they simply don't want to deal with the task and its implications. Other do not believe they will need long-term care. Unfortunately, those who reach the age of 65 have a 70% chance of requiring some kind of extensive health care or related support for the rest of their lives. Those who have not done any Medicaid planning may be in a desperate situation.
As retired member of the military, is your estate plan in order?
When you were serving in the military, you probably prepared a will and may have taken out a life insurance policy to provide for your family in case of your death.
Estate planning can include family traditions
When people here in Florida think about preparing for the end of their lives, they may first think of how to handle their estate. While that is certainly of vital importance, one thing many people may not consider is how to manage more personal matters and possessions that an estate plan wouldn't normally cover. Experts say that while every person needs to be sure to have a will and other provisions as part of estate planning, it makes sense to also think of how to ensure that family traditions or heirlooms are passed on to the next generation.
