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Estate planning, hope this helps
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r82230
Posted 4/5/2025 19:21 (#11177091 - in reply to #11177012)
Subject: RE: Estate planning, hope this helps



Thumb of Michigan
Little papa - 4/5/2025 18:19

In regards to the life ins policy make sure it is term or somehow designated for funeral. If she’d of had a regular life ins policy and would have needed LTC facility needs and with her lack of funds Medicaid. Medicaid would have drained the cash value of policy first ( down to approximately $2000). Also a POA is important along with Will and executor named.


I think op was referring to HIM owning the life insurance policy, IF it would not be exposed to LTC estate recovery.
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