Long term care planning: a Growing Market.

As Howard Hook, CPA, CFP [TM], says in his article "It's Not Only About the Investments" on page 2, "Another financial planning issue lurking in the future of many people is the probability of needing long term health care." Resources are available to help CPAs advise clients on planning for their long-term care needs, as well as those of their dependents who are elderly or have special care needs.

In an article titled "A Growing Market for Long-Term Care Planning," published in the September 2008 issue of The Practicing CPA. Harry S. Margolis, Esq. points out the extent of the need to address this issue. At least 70% of people over age 65 will require long-term care services of some kind in their lives, according to the National Clearinghouse for Long-Term Care Information, which is sponsored by the U.S. Department of Health and Human Services. Furthermore, the number of Americans who are 85 years of age and older is expected to triple to more than 12 million by 2040. The need for guidance in acquiring and paying for long-term care services will expand along...