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From Long-Term Care to Life Care: Are you ready?

Marquette Bank, a locally-owned neighborhood bank, and the Law Offices of Stephen M. Sutera are partnering to offer a free Life Care & Estate Planning Seminar at the Oak Lawn Hilton on Thursday, May 3, 2012 at 6:00 p.m. Life care planning has become a popular subject between consumers and financial advisors as an increasing number of baby boomers continue to enter their retirement years.

According to the Department of Health and Human Services, about 70 percent of people over age 65 will require some type of care services during their lifetime and more than 40 percent will need care in a nursing home. Long-term care, often referred to as life care, is important to consider especially for people with increased risk factors:

• Age: As you become older, the chances of you needing long-term care significantly increases.
• Living alone: People who live alone are more likely to need long-term care than those who are married or live with a partner.
• Gender: Because women tend to live longer, they are more likely than men to need long-term care.
• Lifestyle: Poor diet and exercise increase your chances of needing long-term care in the future.
• Health record: Family history and your personal health record are often indicative of whether of you’ll need long-term care.

On average, a 65-year-old will need about 3 years of care and support services. While about one-third of today’s 65-year-olds may never need any type of care service, 20 percent will need care for at least 5 years or longer. Long-term care and support services can include the following:

• Assistance with personal care from an unpaid caregiver who may be a family member or friend.
• Services in your home from a nurse, home care aide, or therapist. .
• Services in the community such as adult day services.
• Care in facilities including nursing homes, assisted living and independent living communities.

With rising health care costs, it’s likely that the average person will experience some type of out-of-pocket costs for long-term care that can be especially burdensome if he or she is not prepared. There are a number of options to help pay for life care including: long-term care insurance, trusts, annuities or government programs, such as Medicaid or Veterans health care benefits.

Marquette Bank and local expert Stephen M. Sutera will answer questions regarding wills, trusts, estate planning and senior life care planning during the upcoming seminar, “Effective Senior Life Care & Estate Planning Strategies – Understanding Your Options in Today’s Complex World.” on Thursday, May 3, 2012 at the Oak Lawn Hilton, 9333 South Cicero Ave. Light refreshments will be provided during the event. Anyone interested in attending should register by calling 708-460-5166 as seating will be limited.

About Marquette Bank:

Marquette National Corporation is a $1.7 billion diversified financial holding company for Marquette Bank. Marquette Bank has been a locally-operated bank providing personalized banking service since 1945. Marquette Bank is a full-service, customer-focused neighborhood bank that serves the financial needs of Chicagoland communities, offering an extensive line of financial products including retail banking, mortgages, trust and business banking, free Online Bill Pay and free Automated Telephone Banking. Marquette Bank’s retail branches are located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Lawn, Oak Forest, Orland Park, Romeoville and Summit, Illinois. Marquette Bank customers have convenient free access to over 43,000 Allpoint and Starsf ATMs worldwide. Marquette Bank is an Equal Opportunity Lender, Equal Housing Lender and Member FDIC. Follow Marquette Bank on Twitter or like the Bank on Facebook for special offers and news. For more information visit: or call 1-888-254-9500.

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