This article by Attorney Gary DeWitt, practicing in estate planning, probate, guardianship, and elder law.
I need to give you some bad news.
You’re not going to live forever. Sorry to be so grim, but it’s true! Your lifespan has a finite time frame, and as you read this the minutes of your life are ticking away. Tick…Tock…
One in five will die before reaching the age of 65.
According to the Social Security statistics (https://www.ssa.gov/planners/disability/) disability is a reality many people will face.
Studies show that just over one in four of today’s 20-year-olds will become disabled before reaching age 67.
Disability is a subject you may read about in the newspaper, but not think of as something that might actually happen to you.
Your chances of becoming disabled are probably greater than you realize.
While we spend a lot of time working to succeed in our jobs and careers, few of us think about ensuring that we have a safety net to fall back on should we become disabled.