All families need to plan for factors like planning for long-term care needs. Recently, Amy Jucoski, head of family office services & advisory at Callan Family Office, spoke with InvestmentNews on understanding and assessing costs and different risk factors.
“Consider your preferences when budgeting such as your preferred lifestyle and whether you want to age at home, in assisted living, or in a nursing facility because these decisions will affect planning. Also knowing your family’s medical history can help you gauge your potential risk factors when contemplating future care needs,” Jucoski said.