Many affluent retirees in Illinois assume that long-term care planning is something only lower-income families need to worry about. If you have built a $2 to $5 million estate over a lifetime of disciplined saving, it can feel like you have enough to cover anything. That assumption, however, is one of the most expensive financial mistakes a family can make in 2026.
Healthcare costs do not just affect people with limited resources. They erode wealth across all income levels, and estates in the $2 to $5 million range are especially vulnerable. They are large enough that families feel protected, but not large enough to absorb years of sustained care costs without serious damage. Our Montgomery, IL estate planning attorney explains.