Elders often find it unavoidable to address these problems: (a) to maximize financing for expensive long-term care versus leaving an inheritance for loved ones; and (b) to wisely select fiduciaries to act on their behalf in case of physical or mental incapacity.
Elderly individuals often face the difficult choices between maximizing financial resources for long-term care and ensuring a legacy for loved ones, as well as selecting trustworthy individuals to manage their affairs if they become incapacitated.