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Reply to "Private school vs paying for inlaws extended care"
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[quote=Anonymous][quote=Anonymous]Assisted living is extremely expensive-- more expensive than private school-- especially as they get more feeble and will need higher levels of services. Will you be able to keep them there for the next 5 - 10 years? Do they understand the sacrifice you would be making to help them? Do they really want you to? [/quote] +1. Depending on what region they live in, plan on sending a small fortune for assisted living - probably twice or 3 times as much as your private high school tuition. You should talk to a lawyer to determine whether it makes more sense for them to use up all of their own money for their care and then find a facility that accepts Medicaid. It sounds like you have a high HI to be able to afford private school, but paying for years for 2 people at an assisted living facility can wipe out a lot of your savings. Especially in the DC area.[/quote]
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