Client Story
From Jeremy Russell
The situation
- A client's parent had just moved into memory care at a significant monthly cost.
- The deeper concern was protecting the surviving spouse's long-term financial security.
If we spend down assets too quickly paying for care, what happens to the surviving spouse?
We restructured their accounts into two distinct buckets:
- A care fund — covering roughly four years of memory-care costs.
- A protected fund — preserved for the surviving spouse's long-term needs.
- Reviewed together each year and adjusted as circumstances change.