Knowing Versus Doing
When it comes to estate planning and long-term care planning, everyone knows they need a plan, but few people take the step towards action. The difference between success and the idea of success is knowing versus doing.
A new survey shows nearly 8 out of 10 Americans know that estate planning is important. Yet only 4 out of 10 have estate planning documents such as a Durable Power Of Attorney, a Will, or a Trust.
“People are aware of the need but so many fear the process unnecessarily. When the steps aren’t clear, it’s easy to put off,” says Lori Rook, owner and managing attorney of Ozarks Elder Law. “With nearly 50 combined years of experience,” Rook says, “our team has come to see that the burden of handling long-term care is the most overlooked part of planning.”
The Stakes Are High
Costs for care in a nursing home are approaching $100,000 a year. Many Americans spend their life savings when there are other options.
“We see an alarming number of people ask for help after it’s too late to preserve their life savings. Having the conversation just a year sooner can change everything,” says Lori.
Begin With A Single Step
Knowing versus doing. It’s not hard to get started, especially if you start planning early. Getting educated could save you from costly mistakes. Just one consultation could save tens of thousands of dollars. Lori Rook and her team have seen it time and again. But the difference is knowing versus doing.
Rook says that’s why they’ve continued to provide free consultations. “Not all consultations become clients, but we believe our calling and duty as leaders is to save families from extra stress during the most trying moments. When loved ones are facing health issues they need focus and support, not fear and worry about money. That’s where we’re trying to make the most difference.”
Rook encourages every family to start having these conversations now instead of later. “The issue of long-term care and estate planning is always going to be tough. But it’s much easier when you’ve planned ahead.”
2832 S. Ingram Mill Road, Suite 100
Springfield, MO 65804
Web Address: ozarkselderlaw.com
Lori Rook, Owner and Managing Attorney
The Gochu LLC opened at Nixa food hall 14 Mill Market; HOA Management Specialists changed hands; and Chick-fil-A launched on the north side of Springfield.