Quote:
Originally Posted by CarlC
Words beyond wisdom. Money won't buy you health. Steve Jobs can attest to that.
Part of financial planning should be the "what if's" of future health costs. My father's passing was a real eye-opener for me in that his sudden departure was in many ways a blessing. He left life on his own terms and it did not have to destroy his estate to pay for in-home or nursing care (I didn't care if he died broke, but HE did.)
There are no easy or inexpensive options here. In the long run, if one wants to protect their assests and pass them on to their children the the best thing to do is talk to a tax and financial professional/lawyer and start planning now. There are timeline rules for what can, and cannot, be done for asset protection.
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Carl...
I was 50 years old 3 years ago when suddenly I was on my Death bed and NO Will or Trust.
My Wife called a Trust attorney and his Notary and he drove through heavy traffic at 400.00 an Hour plus the Notary wages, to rush to my Deathbed to notarize a Will and Trust at the last moment..
I did pull through and I am fighting hard, But I almost left my family at the hands of our thieving Government...
PLEASE, EVERYONE...No matter what your age, prepare and set up a Trust and Will and Advanced Health Directive for you and your Loved ones...
When something goes wrong, it happens fast and unexpectedly...
Investing does no good if the Government is just going to take it and leave your Family without your hard earned money..
