Best Estate Planning Attorneys in Hickory, NC

Understand The Costs Associated With Assisted Living Or Nursing Home Admittance If your loved one needs partial or full-time care, transferring him or her to a facility may be the best option. However, it is important to understand the costs associated with this move. According to Caring.com, the average monthly costs for these facilities in North Carolina are: Assisted Living: $4010 Semi-Private Nursing Home Care: $7483 Private Nursing Home Care: $8213 If your loved one has a retirement fund, 401K, or other savings, he or she may be in a stable financial position to absorb these costs. However, depending on their medical needs, and ongoing expenses, outside of the cost of the facility, their financial accounts can be drained quickly. In other cases, their family home may be all they have to sustain their well-being in the proper facility. Those facts will become evident quickly once you outline their assets and debts.