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Elderly Care in America

Discussion in 'Political Discussion' started by PatriotsReign, Jul 9, 2008.

  1. PatriotsReign

    PatriotsReign Rookie

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    Is it fair or right to have a person's entire estate taken by the state to pay for nursing home care for an elderly person? Let's use the example of the moderate retirement investor who may have $500K net worth. He goes into a nursing home and has to pay for his care from his personal estate. If he lives 10 years, that pretty much wipes out his capital holdings. If his wife is later admitted into a nursing home, the rest of estate including her home is siezed by the state. At the end, there is nothing left.

    Now this man & his wife may have say 3 children that they wanted to leave all of their hard earned savings to. This is not an issue for the very wealthy since they can afford the very best care and have plenty left to leave their children.

    This all means that the majority of the middle-class is vulnerable to have nothing to leave their children after they die. Now it is perfectly legal for parents to place their entire estate into a family trust which will protect their assets from being siezed by the state. I think this shouldn't be necessary.

    The net/net here is that the wealthy get to ensure that their heirs remain wealthy while the middle class heirs are often left with nothing.

    Any thoughts on this?
  2. IcyPatriot

    IcyPatriot ---- JAG ----- PatsFans.com Supporter

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    #87 Jersey


    socialism ... sure to be expanded under BHO as President.
  3. PatriotsReign

    PatriotsReign Rookie

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    FBN...you can do better than that. I've read some great posts you've written, so I know.

    Do you believe people should lose their entire estate just because they're not wealthy? Don't you think middle-American parents have the right to leave something for their children?

    I talked my parents into putting everything they have into a trust fund. They are so happy that they're now guaranteed to leave all their hard-earned savings to their 4 children. It won't be that much, but it is comforting to them.
  4. IcyPatriot

    IcyPatriot ---- JAG ----- PatsFans.com Supporter

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    #87 Jersey


    Absolutely not ... it's a disgrace. You get the lowlifes who sponge off welfare all their life ... then some hard working tax paying citizen needs a nursing home and all their $$$ is taken from them ... it's one of the cruelest things that can happen.

    I can see... not really but I'll give a little where a person would have to pay a % of what they own ... but everything except for a few thousand?

    So ... some do the living will thing and their kids just plow through the $$$ on gambling and vacations. Nobody seems to care so expect no solutions.
  5. PatriotsReign

    PatriotsReign Rookie

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    OK... I thought you were calling me a marxist. So we pretty much agree then on those who have worked hard all their lives. I guess the living will thing is working fine. But I wouldn't doubt the laws will be passed that will eliminate those laws too. Espescially with all the baby-boomers nearing retirement. It's tough issue to solve.
  6. IcyPatriot

    IcyPatriot ---- JAG ----- PatsFans.com Supporter

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    #87 Jersey

    Tough issue to solve and bad for the economy ... lump that together with the restrictive capital gains laws and it's basically the government taking away from the people to redistribute to others ... that's why i called it socialism ... it's like lump sum taxes.
  7. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Most older folks know this and there are some things you can do..
    1. Get long term health insurance,if you have 500K you can surely afford this..
    2. Transfer all your property and money now to your kids, as this has to be done either 3 or 5 years prior to a Nursing Home Admission.
    3. If you go to a nursing home, die quickly, spare your family the agony of poor medical care while watching you deteriorate into nothingness...
  8. PatriotsReign

    PatriotsReign Rookie

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    Nice cheery news!

    Good morning GJAJ!
  9. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    I am going through this right now, I have some savings, a house and piece of property on an Island in Maine, I have waterfront property with it it is worth a lot of money, I have been told that there are Trust Funds that will help in keeping the "scumsuckers" from getting my money, I am seeing a lawyer next month.

    I will do my best to stay out of nursing homes, my kids tell me I will never have to go to one but I still have my pride, I don't want any of my kids blowing my nose or wiping my a$s while I'm drooling all over them, Dr Kavorkian was my HERO, we constantly talk of "freedom" I believe a person should have the freedom to end their own lives, there is nothing more disgusting and depressing to see these poor old bastards in their nightgowns sitting in a wheelchair in a nursing home waiting to die, many of them can't even remember their own name.

    I wake up in a cold sweat thinking about being in one of those places and having some fat f-cking women talking baby talk to me and trying to teach me how to knit a pair of mittens, some day many years from now they will have a statue of Dr Kavorkian right beside Abraham Lincoln.

    I'm working on it.

    :bricks:
  10. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    I replied to your post before I saw this one, what type of Trust Fund did you recommend, I still want access to my money while I am mentally able but I also want it tied up so the bastards can't get at it...........?
    Last edited: Jul 9, 2008
  11. PatriotsReign

    PatriotsReign Rookie

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    You're first post made me a little teary-eyed thinking about my parents. It really is sad the way some people have to exit this world. It is horrible to watch someone lose their dignity. I pray it's not like that with my own parents or with me late in my own life.

    Harry, I wish I knew what kind of family trust fund my parents have set up. All I suggested was that they contact a lawyer and find out how to protect their assets. They did this about 2 years ago.

    It's not that the children "deserve" to get their parents money. It's that the parents "deserve" to leave their hard-earned money to their children. You deserve to have that peace of mind and the pride that goes along with it.

    I wish you success in this effort. I don't think you'll have any problems accomplishing this goal.

    If I can find out from my parents what kind of trust they have, I'll pass it on to you.
  12. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Thanks, I'm a realist and I know what's right around the corner, I've had a good healthy "hell raising life" but nothing is forever and I don't want anybody but family getting anything I have left to leave, I had a quick talk with a Lawyer and he said there are ways, I have a large family and I'm sure they will also "step in".

    I went out in the barn the other day and told my horse I was getting rid of him, he started crying then he pis$ed on my leg, my wife won't let me ride him anymore when I'm drinking.
  13. PatriotsReign

    PatriotsReign Rookie

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    lmao!! Now THAT was effing funny!

    Also...good to see the "kinder, gentler" side of you Harry!;)
    Last edited: Jul 9, 2008
  14. DarrylS

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    It is what it is, nursing home care sucks big time, would rather die before I spend time there and become a huge burden to my family as they watch me die and get substandard care.. nursing homes suck big time.
  15. Real World

    Real World Rookie

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    Plan for your future people. Everyone wants someone else to pay for them. I'm old, so you pay for my care. Of course, how about we eliminate welfare for anyone under 65, and put that money toward the elderly? Nah, but those poor 20-60 year old lazies will be on the street. Oh well. It's one or the other people. I'd much prefer to help the elderly, than the lazy and able. Save the children! :help:
  16. PatriotsReign

    PatriotsReign Rookie

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    Maybe Barak has big ideas on welfare reform...you never know

    This is one liberal program I am not a fan of. I'd rather see the money spent on training people to work and then letting them go. Children having children the core issue here. That's the place to start.

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