King County, Washington, is not unlike many communities around the nation that are home to retirees who are in the process of estate planning. After all, responsible estate planning is a critical part of how to effectively ensure that your heirs are justly compensated with your possessions upon your death or incapacity. However, changes in government programs and longer life spans may lead to complications that people should be made aware of before authoring a will.
The recent decision by the Obama administration to scrap the long-term-care aspect of health care reform presents a number of problems for those concerned with elder care issues in Washington and across the country. Seniors face a whole host of issues, ranging from end-of-life wishes to assisted living and nursing home care. The Community Living Assisted Services and Support (CLASS) Act was designed to address certain elder care needs by arranging an insurance policy to which people could voluntarily pay premiums in exchange for certain long-term care services if needed. But the administration could not find an affordable policy, making CLASS a bust.