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Serving Washington State  (253)838-3454

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This is like getting on a plane with a 70% chance of crashing

This is like getting on a plane with a 70% chance of crashing

If you’re like most Americans, you’ve been preparing for retirement. You’ve saved money. You have an estate plan. Maybe you’re patting yourself on the back because you’re so well prepared.

If this is the way you’ve prepared for retirement, you have a half-ass plan.

Seventy percent of all retirement plans fail.

The facts are startling, but they’re backed by research. Though most of us hope to live out our lives in our own home[1], the reality is that less than 30 percent of us will do so[2]. Sixty-nine percent of us over age 65 will have a health problem that will leave us dependent on others for assistance[3]. Those of us who end up incapacitated will lose our hard-earned assets to uncovered long-term care costs[4] while becoming a burden on loved ones[5].

This is how life turns out for those who plan according to the traditional formula:

Retirement Plan = Nest Egg + Will/Trust + Power of Attorney.

This is like booking a flight knowing that you have a 30% chance of making it to your destination. Would you get on that flight?

You might say no, but if your plan for retirement consists of legal documents and a financial plan, you’re already on the plane. To avoid this disaster, you need a different kind of retirement plan, one that prepares you for the parts of aging that estate plans and nest eggs can’t solve. But don’t ask your financial planner or your lawyer to help. They won’t. That’s why you have to take matters into your own hands. 


[1] Von Gunten n.d.

[2] Bailey and Periyakoil n.d.

[3] Johnson, Toohey, and Weiner 2007, 1

[4] Steiner 2015; Dickson 2016; Banerjee, Ph.D. 2015, 16

[5] Nolan 2001


A Washington Resident's Guide to Medicaid Long-Term Care Benefits

Learn the basic rules of Medicaid Long-Term Care in Washington from an expert who has helped thousands of people qualify for these life-saving benefits. Written by elder law attorney Aaron Paker, this easy-to-read book explains the rules in language everyone can understand. If you want straight talk about what benefits are available to pay for long-term care for an elderly loved one, this book is a must-read.

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Congratulations! You are about to begin the process of completing estate planning documents – for free.

Before you get started, you should know that though this service is being provided by Life Point Law, an estate planning firm, by using the free service you will not be creating an attorney-client relationship, and no attorney will review your work. Estate planning can be complicated and generally requires some degree of legal analysis to ensure you have the right provisions. Especially if you have been married more than once, you have a blended family, or you have considerable wealth. We encourage you to seek some guidance, or at the very least, have a legal professional review your work before you call it completed.

Help is available. If you’re interested in getting a second opinion on the legal documents you have created, Life Point Law offers a Peace of Mind review that can put your mind at ease knowing you have dotted all your I’s and crossed all your T’s. Let our skilled attorneys review the legal documents you have created to make sure they meet your goals.

You may also want to drop by our offices to get your documents executed (witnessed and notarized) so they are in full force and effect when they need to be used.

You will receive an email soon with information about how to schedule your Peace of Mind Consultation.

By clicking ‘Start Working on Your Free Estate Plan’ below, you will acknowledge your understanding that no attorney-client relationship exists between Life Point Law and yourself.