You’ve moved your mom or dad into a nursing home. You’re breathing a sigh of relief. The stress of caring for your parent is now behind you. You can rest easy knowing that they’ll be well cared for by skilled nursing staff, right?
Unfortunately, long-term care is expensive. In some parts of the U.S., it can run as much as $12,000 per month. Do you know where the money will come from to pay for your parents’ care? What if your mom or dad can no longer pay the bill? Can you, the adult child, be held responsible?