Single elders - How will they pay for long term care?
Long term care is not cheap and many seniors have heard horror stories about losing everything they worked a lifetime to acquire. "A recent survey found that 10% of seniors aging alone plan on using reverse mortgages to pay for long-term care costs." If you are a caregiver, child, or spouse or an elder, please do yourself a favor and call an elder law attorney to help plan for these events. Many stresses and pitfalls can likely be avoided with proper planning.