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What Is a Lifetime Care Agreement? A Complete Guide to Personal & Institutional Contracts

Approximately 70% of adults over 65 will require some form of long-term care services or support. This makes understanding and establishing a legal framework for elder care crucial, which is where a **lifetime care agreement** comes in. A lifetime care agreement is a legally binding contract that outlines the care an individual will receive, often from a family member, in exchange for compensation.