Most seniors do their best to prepare for the unfortunate, inevitable, outcome that one day they will pass away. They create their will, and with painstaking detail allocate their hard-earned money and assets to spouses, children, family, friends, and charities. But what if there is not money or assets left over to leave for loved ones? What many do not realize is that paying taxes, helping the family, and subsiding off of what Social Security provides are not the things that typically bankrupt most seniors. So what is? A simple Google search into Long Term Health Care will bring up horror stories many Americans experience and will continue to face. Hard working Americans, who have been saving for 40 years, end up penniless at the end. It is expected that 70% of seniors over the age of 65 will need long term health care at some point in their life. With the incoming influx of baby boomers, the problems only seem to compound. Combine that with the fact that the estimated cost of staying in a nursing home is close to $9,500 dollars a month, one can easily see how their life-time savings can disappear. When the average time spent in long term health care is three years, at $9,500 a month, that comes out to $342,000. Everyone wants to ensure that their spouse, children, and family are provided for as best as possible, especially when they can no longer be an influence. Below you can find more information on what probate is, the benefits and problems with Medicare and Medicaid, as well as some typical ways people can secure funds and assets.