For many years, estate planning and retirement planning strategies have focused on enabling someone to live a comfortable retirement in which they may be able to pass on a portion or the vast majority of their accumulated assets to their loved ones when they pass away.
But with increasing health care outcomes and better longevity, it’s a legitimate question to ask what you might do with an extra 30 years of life. Planning for retirement is changing due to the fact that people are simply living longer.
If you’re thinking about starting a new career, going back to school for something you’ve been interested in, teaching others or sailing around the world, there are more Americans than ever contemplating these estate planning changes. Americans can anticipate today, living an extra 30 years when compared with data a century ago.
Many Americans are looking for their own road maps for aging, such as figuring out what life altering opportunities they may choose to engage in, in their older years. Extra time and freedom may enable you to pursue new options, but it also calls for the importance of additional planning and considerations of how you might protect your assets from the rising costs of healthcare.
Your estate planning attorney can help you look into the future.
