Estate Planning Isn’t Just For The Elderly

Happy, smiling couple in their sixties.

How much does nursing home care cost?

On Behalf of | Oct 2, 2019 | Long-term Care Planning

New York residents who own their own homes may plan to stay in their residences for as long as possible before making the decision to move into a nursing home or other assisted living facility. It can be difficult to uproot one’s life and move to a strange new place, as a person must leave behind the home and memories on which they have built their life. For that reason, it is good for individuals to begin planning for their long-term care long before it becomes necessary.

Long-term care in nursing and assisted living facilities can be costly, and not everyone can afford the care they may need when the day comes to move out of their home. According to one report, nursing home care in New York can cost more than $10,000 per month. Individuals who wish to secure private rooms in their facilities may pay closer to $11,000 or $12,000 each month, while those who live in semi-private rooms may find lower cost options.

Nursing homes provide individuals with meals and shelter, security, healthcare support, and many other services. Good facilities treat residents with respect and honor, and these facilities can have waiting lists for prospective residents. This is another reason that it is wise for individuals to begin looking into the long-term care options early so that they have an idea of what they want.

An attorney can help someone work out the details of their long-term care plan, and now is not too early for those plans to start. To begin, readers may want to contact their estate planning and long-term care planning attorneys for guidance that is tailored to their own needs.