Last night, I hosted a conversation about a topic that’s often avoided but deeply important: long-term care planning. This wasn’t a sales pitch for insurance. It was a space to think bigger—about how we want to live as we age, how to prepare, and how to ease the burden on those we love.
What stood out most wasn’t the formal content. It was the exchange of ideas—practical, wise, and generous. I left inspired by the tools and experiences shared, and I wanted to gather some of those insights here for anyone beginning this process.
Organizing Your Documents
One great recommendation came from Danielle: the book *I’m Dead, Now What?* by Peter Pauper Press. Despite the cheeky title, it’s a thorough and approachable guide for getting your affairs in order. It helps you document the key information someone would need to step in during a crisis—or after you’re gone. I’ve ordered a copy and will have it available in my office for review.
Documenting Your Intent
We also discussed the *Letter of Intent*, a non-binding document that can accompany your will. Over the years, I’ve seen how helpful this type of letter can be. It provides context for inheritance decisions, helps avoid misunderstandings, and can offer real comfort to those left behind. While it’s not legally enforceable, its emotional and practical value is significant. I’ve created a sample, which I’m happy to share—just reach out.
Stating Your Wishes for Care
Another powerful tool is *The Five Wishes*, a document that guides you in expressing how you want to be treated if you become seriously ill. Unlike traditional legal forms, Five Wishes covers medical treatment and personal values—like how you want to be made comfortable or how you’d like people to treat you. It can complement your advance directive and bring humanity to medical planning. You can learn more or purchase a copy for $5 at: https://www.agingwithdignity.org/five-wishes/
Estimating and Funding the Costs
Many people underestimate the potential costs of care. I recommend the Genworth site as a reliable source to check current estimates for services like in-home care, assisted living, adult daycare, and nursing homes: https://www.carescout.com/cost-of-care
If you don’t carry long-term care insurance, it’s worth setting aside funds specifically for this purpose. A Roth IRA is often a flexible, tax-efficient option. As a general guideline, I recommend earmarking around $200,000 for long-term care costs, depending on your overall financial picture.
Next Steps
Long-term care planning isn’t about fear—it’s about empowerment. The most important step is starting the conversation and tailoring your plan to your life.
If you’d like help creating a long-term care strategy that reflects your values and financial goals, I’d be honored to work with you.