The number of Americans who have chronic illnesses is on the rise and is expected to increase from more than 130 million to roughly 157 million by the year 2020. Approximately 25% of people from 65 to 74 years old in Connecticut and across the country have been impacted by chronic diseases. The percentage of people who are affected by chronic conditions increases sharply as people get older. The presence of a chronic illness in a person’s life can complicate estate planning and should be addressed in planning documents.
Chronic conditions call for specific estate planning practices