Senior assisted living can cost around $10,000.00 per month and it's likely that all the persons assets will need to be sold off to pay for the assisted living care if the person doesn't have enough savings or other insurance to cover the assisted living.
A lot of times when someone moves into assisted living there kids or other relatives will usually have an estate sale of the personal belongings or their home to get some money to pay for the persons care in the care home.