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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Unless you're wealthy, it's LTC insurance or Medicaid. Get your assets out of your name 5 years before you need Medicaid LTC or the state will take it all![/quote]

Well, no. That would be unethical. Why do you think others should pay for your health care? Are you a welfare queen, too? Do you like the dole? [/quote]

DP.  I know you are looking for a 'discussion' but why do you think a person, few years away from death, would really care about ethics or if society foots the bill? I wouldn't?  We have enough money (and hopefully a lot more in 30 years when we hit our 80s) but I think it's society's job to take care of the elderly.  Shame on you for not voting out every bast*rd that is trying to move the country in the opposite direction.[/quote]

Society DOES take care of the elderly. What you are suggesting is that the elderly should be able to keep all their assets at the same time. That’s fine, if you raise the money for their care elsewhere (ie tax the rich or a consumption tax or whatever) but we don’t do that. [b]Advocating FRAUD and sheltering assets to duck the cost of care under the current system is disgusting and unethical[/b]. Freeloaders suck. [/quote]

Your ignorance is showing.. please come back when you have learned the difference between between tax planning and tax fraud.  [/quote]

Estate planning attorney here.  “Medicaid planning” is impoverishing yourself on paper to qualify for gov’t benefits that are intended for the poor.  Plain and simple.  I agree the cost of long-term care is a terrible shame.  But it doesn’t follow that I shouldn’t have to pay it because damnit I worked hard and I want my kids to get my money.[/quote]

“Impoverishing yourself on paper” is a nasty, derogatory, calumny, used perjoratively to describe seeking and following expert legal advice to structure assets to obtain maximum benefits from a public benefit plan according to its legislative and regulatory terms. It is akin to prudent tax planning, including (yes) estate planning. Whatever someone else may think, these provisions are part of the law. Congress and the regulators know they are there. The envy, hatred and condescension toward people in need in US society is appalling. One would think that the detractors were being dragged to open their own checkbook for someone else.   [/quote]

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