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Preparing to Live Longer, Elder Law Attorney, Woodstock, GA


The fact that people can expect to live longer than was normal in the past, means that different preparations need to be made.

The average life expectancy of Americans has risen for the last century and especially so in the last few decades. Many experts expect that it will continue to rise. However, the data on just how much it has risen can be somewhat misleading. because distant historical life expectancies are brought down by much higher infant mortality rates 100 years ago.

Despite that problem with the data, we can still see a clear trend of people living longer than previously, if they survive into adulthood. A longer life normally means a longer life in retirement, as most people still want to stop working at about the same age as people wanted to in previous generations.

That means people need to prepare differently than in the past, as Forbes points out in “You May Live Longer Than You Expect: Are You Prepared?

The most obvious thing people need to do differently, is to save more money for retirement. Everyone understands that the longer you live in retirement, the more money you need to pay your expenses.

The less obvious thing is that estate planning, in many cases, needs to be done in a slightly different way.

It becomes more important to have an estate plan in place to make sure that you have a way to preserve assets for future generations. However, estate planning also needs to be more flexible because the longer a person lives, the greater the chances that unexpected contingencies will occur.

Estate planning needs to be done in a way that any contingencies do not cripple the plan or the ability of a retired person to meet his or her needs.

If you have questions about preparing for a longer life, visit a financial planner and an estate planning attorney for assistance.

Reference: Forbes (March 31, 2017) “You May Live Longer Than You Expect: Are You Prepared?

 

Hear From Our Clients
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“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce