The biggest threat to your estate is not tax or probate. It is high long term care costs. According to the MetLife Survey on Long Term Care Costs published for 2012, the average cost of a private room in a nursing home in Washington State is $102,200 per year. The average costs statewide for an assisted living facility is $3,100 per month. In the Puget Sound, costs for skilled nursing can be as high as $130,000 – $140,000 per year. Many Assisted Living Facilities charge up to $6,000 per month.
Select the category that fits your situation the best: Pro-Active or Crisis Planning [Read more…]