Almost 157 million people in the United States will have some form of chronic illness. For people in Virginia who have a chronic illness or has a loved one who is chronically ill, it is essential that they have an estate plan that adequately addresses their health and aging issues.
Chronic illness and estate planning
Is it time to prepare for your estate planning meeting?
Perhaps you have decided now is the time to tackle estate planning; you have put it off long enough.
Medical debt is the leading cause of personal bankruptcies
About 530,000 people around the country file for bankruptcy each year, and most of them do so because of overwhelming medical debt. A recent academic study revealed that two out of three personal bankruptcies are tied to medical debt, and many Virginia consumers who seek debt relief every year because of doctor or hospital bills had health insurance that proved to be inadequate.
