Now is the time of year when Massachusetts families that may not get to be together much during the rest of the year are together. This may not seem like an opportune time to discuss health care planning, but there never really is an optimal time to broach the subject. No one wants to think about becoming incapacitated -- especially around the holidays. However, making preparations might give everyone peace of mind.
People generally do not like to think of what will happen at the end of their lives and it can be unpleasant to consider the possibilities of getting sick. But the truth is that even though it can be difficult, having a long-term care plan in place is not only beneficial to an individual, but it often eases the financial and emotional strain of the loved ones around us.
We often discuss some difficult topics in this blog. People do not necessarily like to or want to think about what will happen to them and their estates after they are gone and many people avoid making appropriate plans. Some folks in Massachusetts decide that there is already enough to worry about with the stresses of a career, finances and a family so they put off unpleasant tasks, including long-term care planning. However, neglecting to deal with this issue can end up having a very serious impact on everyone around you.
As our loved ones get older, the reality is that many of them will need increasing levels of medical assistance. The stress of coping with these changes emotionally can be difficult enough for families in Massachusetts. Add in the confusing paperwork, the rigid restrictions of certain care programs and the high costs of certain levels of care and it can all be too much for a spouse or family member to handle.
There is a common belief that with more money comes fewer worries. While this may be true when it comes to more common concerns like paying the bills or buying a house, it is not to say that wealthy people do not have their own financial obstacles. People in and around Boston who are very wealthy may have difficult decisions to make when it comes to what they would like to happen with their money now and after they have passed on.