Reason #3 – Reluctance to face the reality of long-term care needs.
According to the Genworth survey, only 1/3 of adults were “very or
extremely confident” in their ability to pay for long-term care.
Yet, while many individuals reported being concerned over leaving family
with debt or becoming a burden on loved ones, many do little to alleviate
their concern in the way of planning.
In fact, just over 30% of those over the age of 65 reported being concerned
with this. And, finally, two-thirds of Americans over the age of 40 reported
doing no planning for long-term care.
I hope this information is helpful for you. Although not a popular topic
amongst many, long-term care is an increasingly important one. Massih
Law, LLC is in the business of providing legal options for people in planning
for their potential long-term care needs.
If you, a loved one or a client needs help figuring out their options,
please think of us. We can help and we are always happy to hear from you.
You can reach us at (203) 651-5521.