Elder Law Statistics

DISTRIBUTION OF ASSETS

We offer planning for the orderly distribution of your assets at death through wills, trusts, and other legal mechanisms.

Consider the following statistics: 

  •  About 70% of Americans who live to age 65 will need long-term care at some time in their lives; over 40 percent will require nursing home care.
  • The national average cost of a private room in a nursing home is over $212 per day or $77,380 per year. The national average cost of a semi-private room is over $191 per day or $69,715 per year. 
  • On average, someone age 65 today will need nursing home care for approximately three years. Twenty percent of individuals will need nursing home care for more than five years.
  • Fifty percent of all couples and 70 percent of single persons become impoverished within one year after entering a nursing home.
Long-term care is not just needed by the elderly. Insurance industry studies have found that 46 percent of its group long-term care claimants are under the age of 65 at the time of disability.

Free Confidential Consultation

Call Attorney Gary Price today at
(812) 479-8721
gprice@tbsblaw.com

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