Results tagged “Estate Planning; Elder Law” from Michigan Elder Law Blog

Childless and Aging

October 1, 2012

More and more people in the United States are childless. According to census data, in 2010 nearly 19% of women age 40 to 44 had not given birth, compared to 10% in 1980.

This raises an interesting question - who will take care of these individuals as they age? This article provides an interesting discussion on what childless individuals should do in order to ensure their needs are meet. Some helpful tips from the article:

1. Set up Powers of Attorney (Health & Financial). This will help ensure that people you trust will carry out your financial and medical (care, custody, and placement) wishes if you are unable to;

2. Consider long-term care insurance. We've previously blogged on this topic here and here. If you can afford, it's something childless individuals should consider purchasing;

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