Childless couples have additional needs to consider

By David Butts

POSTED: 01:30 a.m. HST, Feb 17, 2013

~~<p>Question: What are the chief concerns of couples without children as they prepare for retirement and old age?</p>
<p>Answer: The chief concerns deal with planning a future that will not include adult children to give you a helping hand — physically, emotionally or financially — as you age. One issue would be assigning decision-makers to act on your behalf in the event that both persons become unable to make decisions regarding finances and property. Another would be deciding how your assets will be distributed when one (or both) of you passes away. You must also plan for unexpected events like long-term care needs.</p>
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Question: What are the chief concerns of couples without children as they prepare for retirement and old age?

Answer: The chief concerns deal with planning a future that will not include adult children to give you a helping hand — physically, emotionally or financially — as you age. One issue would be assigning decision-makers to act on your behalf in the event that both persons become unable to make decisions regarding finances and property. Another would be deciding how your assets will be distributed when one (or both) of you passes away. You must also plan for unexpected events like long-term care needs. Login for more...