Wanda is 81 and insured under Medicare. She is admitted to a nursing home for...
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Wanda is and insured under Medicare. She is admitted to a nursing home for longterm care that is beyond what Medicare will cover. The cost of the nursing home is $ per day. She and her husband Wilbur have the assets and liabilities noted below. Before Wanda entered the nursing home, they were considering making home improvements of $ to their primary residence. They also need to make a number of repairs to their home that total $ Although they have a car, it is run down and has very little value. Therefore, Wilber would like to purchase a new car that costs $after the trade in allowance for the old car so he can visit Wanda and his children on a regular basis. In addition, they have been considering prepaying their funeral and burial costs of $ so their children dont need to worry about the expense when they die.
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