Nursing home and assisted living services are more common than ever. These facilities fill an essential role in our communities. However, exceptional care costs money. According to a 2013 Genworth study, the average cost of nursing home care in Utah per month was around $5,200 and the average assisted living cost per month was right around $3,000.
Long term care costs can drain an estate about as fast as anything. That is why it is imperative to have a long term plan. Having adequate liquid assets, long term care insurance, or proper Medicaid planning are some of the ways to make sure you are prepared. Allen Law Office PLLC specializes in estate planning with a focus on addressing long term care needs. Estates can save hundreds of thousands of dollars in the right scenario if proper planning occurs. Please contact us for an initial consultation.