Wealthiest Americans will soon have the choice.

Developers plan on building new luxury assisted living facilities in Manhattan, N.Y., that may seem quite pricey, unless you are among the wealthiest of Americans, according to the Wills, Trusts & Estates Prof Blog in “Manhattan Gets $20,000-a-Month Homes for New Breed of Seniors.”

The wealthy will be able to live in these new facilities for $20,000 a month. For that amount, they will get homes that contain all of the expected trappings of luxury and all of the expected services available in assisted living facilities.

It remains to be seen just how many people there are, who will want to live in facilities that cost more per month than several live-in nurses might.

Of course, most people will not be able to afford these new facilities and they still need affordable assisted living facilities for themselves.

Whatever your income level is, you should be able to find an appropriate place for yourself, if you check around.

It might be a wise move to seek the advice of an elder law attorney before signing contracts, especially at $20,000 a month.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to claim your space at one of our free, informative seminars. Your attendance will qualify you for a discount for our estate planning services. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
Be the first to comment!
Post a Comment