What happens to my assets if I go to a nursing home?
The average annual cost of a private room in a nursing home is projected to exceed $118,000 in 2024, a figure that can quickly deplete a person’s life savings. This reality raises a serious and common question: **What happens to my assets if I go to a nursing home?** The short answer is that, without proper planning, your assets will likely be spent down to pay for your care, but strategic measures can help protect them.