A lack of planning for long-term care can leave a family in dire straights, financially speaking. Many people underestimate exactly what it costs or how much care they will need.
When many people hear the term "guardian" being used, they often think about a child who maybe isn't able to reside with their own biological parents. In those cases, a third party is appointed by a family court judge to take care of them. This isn't the only type of guardianship that exists.