"In addition, having a qualified third-party as part of the process can be helpful in making the right decisions for loved ones whether financial or healthcare-related. Knowledgeable advisors will be able to recommend a good attorney to help with that specific process," Spickler added."A vast majority of those who need long-term care services receive it informally through family and friends," said Dr. Holland. "While studies show providing care for an aging loved one can negatively affect the health and well-being of a caregiver, technology has evolved to support these needs. Caregivers can call upon medication management tools, home safety devices, and online coordination and advisory services to assist with this effort."
Panel Encourages Advisors To Educate Clients On Protecting Assets While Preparing For Long-term Care Issues
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