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Old 10-18-2012, 04:32 PM
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Quote:
Originally Posted by 784caroline View Post
If something is done legally, all within the legal maneuvers of the system, you may be offended but I think that is good estate planning. Why should one individual be any different in taking advantage of legal opportunities to avoid taxes or other types of expenses iwhen it comes to estate or tax planning, if...again..legal alternatives are available. I would not be asking anyone to pay anything for me that would not be available to others.
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Perhaps I misunderstood the OPs intent but it stated:
The purpose being to protect same from loss in the event you were put in a nursing home.
I know people have been know to transfer their assets to their children in order to appear penniless and have their nursing home expense paid by Medicaid. Fortunatlely this practice has become more difficult. I have no problem with Estate planning and would hope everyone has done that.