Tag: wealthy family estate planning

Many families who have worked hard to build significant wealth assume they will simply pay for long-term care if the need arises later in life. However, nursing home care and advanced assisted living services can quickly burn through far more money than most people plan for.  According to Genworth’s Cost of Care Survey, the national median cost of a private nursing home room now exceeds $100,000 per year in many parts of the country. For married couples, the cost of extended long-term care can greatly reduce assets that were meant […]