Infrastructure

[Oerets]

Originally Posted by barbara

Oerets, What do you mean by, "those who take steps to protect their assets from nursing homes or medical bills"?
One kind of steps are you talking about?

I'm sure you have seen the ad to protect your assets. Usually this is by a setting up a Irrevocable Trust. Gifting assets such as signing over a home to kids.


Getting the assets out of your name. Whole industries out there to do these and other methods.

My point is who ends up paying the bill for the care? It should be evident that most people feel it should be a benefit. One where you are on equal terms as the person who has zero assets to loose. Should they be rewarded for their choices? Where the person who does better is punished for saving?

Much like the extra rider I carry on auto insurance to cover the drivers with no insurance or under insured ones. Why should I be paying for them saving money? Shouldn't they be force to cover themselves fully?

Or the tax doggier ad for IRS relief, pay pennies on the dollars owed......

I have problems with all of those who are willing to take and then let others pay their tab.