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Estate planning, hope this helps
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hinfarm
Posted 4/5/2025 20:24 (#11177195 - in reply to #11177091)
Subject: RE: Estate planning, hope this helps



Amherst WI
r82230 - 4/5/2025 18:21

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.


That is correct. I am not saying I wished I had some big payday from my mother's death but it sure would have been nice to not be the one writing the check entirely from our own personal funds in order to cover her end of life expenses.
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