According to the New York State Coalition on Elder Abuse, America’s elder population is growing exponentially. In fact, adults who are 85 years and older are the fastest growing population segment in the United States. As these numbers grow, more adults are placed in nursing care facilities. The data show that as people live longer, vulnerability is amplified, creating a greater potential for mistreatment of our country’s oldest demographic.
No one likes to think about death or being alone; perhaps these innate fears are the reason many of us fail to plan for the inevitable. But plan you must. Couples especially should place estate and financial planning at the top of their lists of priorities, and here’s why: