Elder Law Attorney Joseph S. Karp has contributed his expertise to The CPA’s Guide to Long-Term Care Planning, just published by the American Institute of Certified Public Accountants and ElderLaw Answers.
The demand and cost for long-term care services are expected to skyrocket in the next two decades. It is estimated that by 2040 the number of Americans 85 and older — the group most likely to require long-term care — will more than triple to over 12 million. Americans desperately need well-informed advisers who can help them understand the multitude of people and services that are involved in finding long-term care, disability care and elder care solutions.
The CPA’s Guide to Long-Term Care Planning helps accountants and other professionals guide their clients by explaining the basic rules and regulations of governmental programs and other options to paying for long-term care. It also addresses other issues of concern to older Americans like long-term care insurance, reverse mortgages, disability planning, nursing home issues and advanced directives.