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Eldercare
Reply to "Protecting assets for end of life care in context of a second marriage "
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[quote=Anonymous]In a second marriage, what steps can you take to protect assets from the costs associated with a new spouse’s end of life care? Are there certain types of asset protection strategies that work best? Let’s say the goal is not necessarily to die with an estate, but just to make sure that you or your parent still has enough money left over for their own care if it is likely they will outlive their new spouse. And how do you make sure the new spouse spends down their own estate first, especially if there are kids involved on both sides? Assume the person you are looking to protect has enough of their own money as long as they play their cards right. Looking for advice beyond, “don’t get remarried,” "get a prenup," and "buy long term care insurance". [/quote]
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