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Your Senior's Net Worth
Unless your parent is single (or divorced or widowed) and has few or no assets, you will have to know his or her financial situation before you can make long term care plans. Except for those with very low income and almost no assets, in the United States long term care is primarily a private pay affair. How do you know what your parent can afford? You calculate their net worth, and look at where the money is. . . . (to read the remainder of this article, please log in below.)
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