 Seniors, did you know that long-term health care could cost you your entire life savings? Without proper planning, all the assets you've spent a lifetime building could be wiped out by a nursing home before you even realize it. Hi, I'm attorney Douglas Lay. And I'm attorney John Koenig. We recently met with a family whose father had been in a nursing home for the last two years and had spent nearly $300,000 of their hard-earned assets.