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Reply to "Divorcing to protect assets? "
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[quote=Anonymous]my 8o year old parents are getting divorced now. Mom is in nursing home and dad has $2m in assets. He is paying her a lump sum enough for the 5 year look back period. Some states have spousal refusal (ny) where you can decline to pay for nursing home but even then the estate attorney we spoke to said better to put remaining assets in a trust. [/quote]
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