LONG TERM VIEW SUMMARY 

This calculation you have just completed is a snap shot in time.  It shows you the present and a future based on present information.  Amongst several weaknesses, it does not include a calculation for inflation/deflation, price increases/decreases, value increases/decreases, etc.  It doesn’t account for liabilities that may be paid off during the period of time you are calculating, i.e. loans.  This is tough when we are trying to budget over a number of years into the future.  But, you can periodically adjust your calculations with new information.  All that said, this process helped my family and I understand the various issues associated with choosing a senior care facility.  It gave us a means of listing the costs and provided a useful, but admitted imperfect, view of what the future might bring. At worst, it provided us with a structure to organize and evaluate the information we received.  At the very least, I’m hoping it will do the same for you. 

Please, have your attorney, financial advisor and/or geriatric care manager review all information you have received, or generated, before making any decisions to sign a long term care facility contract.  If you have questions, don't be afraid to ask.

Good luck and all the best!!!