Traditionally, trusts and estates lawyers have been squeamish about protecting high-net-worth individuals' assets from the cost of long-term health care as avidly as they protect their wealth from the Internal Revenue Service. But all advisors have an obligation to preserve their clients' funds. Several cases decided this past year will impact their efforts.
Even the wealthy will feel the financial burden if they are afflicted with chronic illnesses. An Alzheimer's patient can live 10