Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Wednesday, October 28, 2020

As They Aged, They Started Businesses for People Like Them

MaryAnneMary Anne Hardy, realized that her nursing career was coming to an end, but she was not ready to retire. Hardy had heard about patient advocates, who help the elderly and their adult children "navigate the increasingly complex American health care system." 

Hardy, 65, explained, “It was a light bulb. . . I thought about my parents’ experience, and it was a motivator.” Hardy became certified as an advocate and began taking clients in 2013. 

Hardy's mother had a stroke, followed by bowel surgery and a "cascade of infections and other preventable ailments." These mishaps lead to Hardy's mother being moved from facility to facility with "little communication among medical professionals or with her." 

"Ms. Hardy is at the intersection of two long-evolving trends — the rising number of later-in-life entrepreneurs and the growth in the so-called longevity market." 

"In 2019, roughly 25 percent of new entrepreneurs were between 55 and 64, up from 15 percent 20 years earlier, according to the Ewing Marion Kauffman Foundation, a nonprofit that promotes entrepreneurship." 

Hardy believes that her age could and often does work to her advantage, as she may be more knowledgeable in helping people through the process. 

See Susan B. Garland, As They Aged, They Started Businesses for People Like Them, N.Y. Times, October 16, 2020. 

Special thanks to Lewis Saret (Attorney, Washington, D.C.) for bringing this article to my attention.  

https://lawprofessors.typepad.com/trusts_estates_prof/2020/10/as-they-aged-they-started-businesses-for-people-like-them.html

Elder Law, Estate Planning - Generally | Permalink

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