Long-term care can be expensive, sometimes above $9,000 a month. The single largest funding source is Medicaid, which may require spending down assets and income.
For those who do have the time and the documentation, it is truly a gift for the person who requested you serve as an executor.
When loved ones make health care decisions in advance, 90 percent of them receive what they outlined. The problem is, too many avoid the conversations and paperwork.