Few families talk about senior care, let alone plan for it ahead of time.
Unlike buying a house, paying for college or even saving for retirement, senior care is a subject that leaves many families feeling anxious and uncomfortable. Yet people are concerned about how they are going to care for aging parents or relatives. If you leave the planning of senior care until the last minute, when care is urgently needed, it is often too late to plan wisely. As a result, your medical and financial options may be severely limited. It's impossible to predict how much care family members may eventually need, but you can be sure costs will rise.