Nursing Home Funding

The decision to place a spouse or loved one into a nursing home is often a difficult one, and much stress and anxiety typically surround this determination. On top of the pressure to choose the right facility, or the difficultly coming to terms with the surrendering of control to a new caregiver, most of us would prefer to avoid the additional uncertainty of how to cover a nursing home’s extensive costs. There are several options available to plan for alleviation of this financial burden, and since this is a decision that many Americans will face at some point in their lives, it is important to talk to a legal professional and decide which of these options will work best for you.