Elder Law
How Much Will Long-Term Care Cost?
Many people are frightened of long-term care costs—for good reason.
Many people are frightened of long-term care costs—for good reason.
When a spouse enters a nursing home, the cost of care can be financially devasting. Many families are simply unable to afford long-term care, without applying for Medicaid. To qualify for Medicaid, there are limits on the resources that an applicant may have. Resources include both income and assets.
Financial planning is daunting enough, but it becomes more complicated and critical when you have a child or family member with special needs.