Nursing home costs are astronomical. Genworth's recent survey of nursing home costs showed the cost of a nursing home in NYC between $11000 and $15000 per month. None of us want to live in a nursing home. But if you or a loved one require that level of care, the question is, how will you pay for it? At a rate of upwards of $400 per day, it won't take long to run through your life savings. But is there a way to protect your property? Can you preserve some or all of your property for your spouse, or your kids, even if you have to go into a nursing home? The answer is yes.