Inheritance Less Likely as Adult Children Financially Support Parents Instead

Jun 25th, 2012

Category: Blog

Inheritance Less Likely as Adult Children Financially Support Parents Instead

These days we are reading more and more about families who are struggling financially as they work to support not only themselves, but also their aging parents. Quickly, Americans are finding that inheritances are a thing of the past as their parents live longer and use up a lifetime of savings.

In fact, The Wall Street Journal’s June 11, 2012, article titled “Counting on an Inheritance? Think Again,” reports that “Thanks to medical gains, a 65-year-old man has a 60% chance of living to age 80 and a 40% chance of reaching 85. For women, the odds are 71% and 53%, respectively. All of this has made the 85-and-over age bracket the fastest-growing segment of the population. In an era of low interest rates, volatile financial markets, and rising costs for health and long-term care, finding money to cover those years isn’t always easy.”

That’s why it’s so important to plan ahead for the home healthcare services seniors will likely need as they age. True Freedom membership plans from ASSI provide home care and adult daycare services with flexible service hour options that always include a combination of home care and adult daycare / companion services plus a complimentary Discount Medical Plan.

To learn more about how ASSI can help you and your family plan ahead for future care needs, Contact Us today.