Description

If you’ve ever had to watch a loved one lose their capacity for living independently, you know how difficult it is for the whole family. Becoming impaired often starts with unexpected challenges…

Like the inability to stand up after using the bathroom or to simply get out of bed. Over time, it gets worse.

All too often, struggles with the normal activities of daily living are accompanied by the loss of dignity and rapid depletion of savings. You need assistance but might not want members of your family to handle more delicate tasks.

Here’s the hard truth: hiring help for your “long-term care” is not covered by Medicare, nor by most employer or retiree health plans.

Questions you might be asking yourself include:

• Am I likely to have the same loss of self-sufficiency as my loved one?
• How can I protect my ability to live independently for as long as possible?
• Who will help me with sensitive tasks like dressing myself, bathing, or even using the bathroom?
• What arrangements can I make now to safeguard my dignity and my legacy?

If you’ve helped a relative through the process, you probably want to avoid the stress and loss of dignity that come with having your spouse and kids (or others) make decisions for you.

You know that planning ahead will help you maintain your dignity and independence. But you’re not sure who can help you with your strategy, or what your options are.

You’re in the right place.

Sources:

1 https://www.aarp.org/caregiving/financial-legal/info-2018/long-term-care-insurance-fd.html

2 https://www.cdc.gov/nchs/products/databriefs/db355.htm 

3 https://jamanetwork.com/channels/health-forum/fullarticle/2760146

4 https://www.genworth.com/aging-and-you/finances/cost-of-care.html

5 https://www.retirementliving.com/the-cost-of-aging-in-place-remodeling

6 https://www.realtor.com/advice/home-improvement/how-much-should-you-budget-for-home-maintenance-and-repairs/

7 https://www.morningstar.com/articles/957487/must-know-statistics-about-long-term-care-2019-edition

Global Hill Wealth Advisors LLC is a registered investment advisor located in the State of Connecticut. Additional information about Global Hill Wealth Advisors LLC and its advisory persons is available on the SEC’s website at www.adviserinfo.sec.gov by searching with the firm name or with CRD# 316075.