Although you can’t prevent every catastrophic scenario, you can better manage the consequences by figuring out what you want to happen if you become incapacitated or pass away.
You need to keep it up-to-date and make changes after certain events occur to ensure that your assets will be distributed according to your wishes when you pass.
A person requiring long-term care in a nursing home will often require Medicaid benefits to pay for that care as nursing homes costs can average anywhere from $10,000 to $15,000 monthly.
