Filial Support Laws: “A Sleeping Giant”
Jamie Patrick Hopkins
For those with clients who refuse to acknowledge the importance of planning for long-term health care in retirement, read on.
The current median monthly cost for nursing home care in the United States runs between $7,000 and $8,200, so every retirement plan should include a provision for funding long-term care, whether through savings, investments, long-term care insurance (LTCI), or family support.
Hoover, Susan, "Filial Support Laws: “A Sleeping Giant”" (2017). In the News. 2544.