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mom may have to get nursing home care...Asset Protection?
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milofarmer1
Posted 1/8/2013 12:07 (#2808048 - in reply to #2808034)
Subject: RE: mom may have to get nursing home care...Asset Protection?



Texas/New Mexico Stateline
Southern Farmer - 1/8/2013 10:59

Everything I have aquired over the years was for the intention of providing for my family. Been fortunate that we have always liver a fairly comfortable life. The kids are all grown and own their own. While my wife and I are getting on up in years there is always the possibility that we will eventually need some type of care. I will use whatever assets I own to insure that we have the care we need. When our term expires on earth, the kids are welcome to whatever is left over but no way will I go the government and beg for necessities while I have the means to provide for myself and my wife. To me, that attitude is what is wrong with this country today. It's nothing more than a gimme, gimme attitude.



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You realize me and you are a dying breed. Last few political elections have proved that.

My question to those that think they are entitled to my tax money for their care, (which is what it is, transferring my wealth to you because you want to keep all you have hoarded up) if you worked so hard to save up and make all that wealth, why did you not buy insurance to protect all those assets? Long term care insurance is a bargain compared to the assets it can protect. Say you have couple million in assets you don't want the resthome to "take", when a few thousand per year starting in your 50s would solve the problem. Then there won't be any ethical implications at all, and you won't be expecting me to pay for your care that you are fully capable of paying yourself.

Edited by milofarmer1 1/8/2013 12:07
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