When you sit down to create your estate plan your primary objective will likely be to ensure that your estate assets are handled according to your wishes when you die. A comprehensive estate plan, however, can accomplish much more than simply creating a roadmap for the division of estate assets. One addition to your estate plan that you may not have considered making is long-term care planning. As you age though, the odds of spending time in a long-term care facility dramatically increase. The cost of that care can wipe out a lifetime of working, saving, and investing if you failed to plan ahead. The good news is that by incorporating long-term care planning into your overall estate plan you can protect yourself and your assets.
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