.
If only I could have taken out $200 - $300 per month and invested it in my future instead of allowing it to be squandered by people I don't know.
2xcntr, post: 392387, member: 584 wrote: ..That's when Medicaid steps in to help. So how fair is it to those who have dutifully paid premiums on long term care insurance (and it ain't cheap) to help out those who did not?...
"Medicare steps in to help"...but not pay completely. Some of us who have dutifully paid our private insurance providers for years have to maintain a "supplemental private policy" to cover what Medicare does not.
2xcntr, post: 392387, member: 584 wrote: I don't know the exact numbers but it's something like 90% of us will spend down our net worth to near nothing paying for health care issues in the last few years of our lives."
Not going to happen to me IF I can stop it. I'll self check out! Living an almost non quality of life just isn't worth it to me. I've told my family this, hope they will comply with my request.
LRDay, post: 392407, member: 571 wrote: Not going to happen to me IF I can stop it. I'll self check out! Living an almost non quality of life just isn't worth it to me. I've told my family this, hope they will comply with my request.
My neighbor for a decade did just that. He had been a farmer his entire life, cotton, produce, beef, and mainly a dairy farmer. I grew to think of Jim as a grandfather. He was the type to shoot at you if he thought you were up to something and ask questions later. Many stories I could tell from the time I spent with him in his shop (he was also a Damn good fabricator). Jim had put down a many of creatures in his life that were old, used up, and in pain. Jim was 81 when his grandson found him in the barn. I had surveyed his land to divide up among the grandkids some 6 years ago. Jim, told me he was getting ready. It didn't register to me at the time.
Adam, post: 392413, member: 8900 wrote: ..Jim, told me he was getting ready. It didn't register to me at the time.
I have a certain amount of reverent respect for maintaining control of your life all the way to the end. Taking yourself out is a big step and I pray I'm never faced with that decision. According to my life insurance policy suicide is a no-no, so I'll probably be faced with "accidentally" falling into the path of an oncoming semi while out surveying. Accidental death and/or dismemberment pays out double to mama...woohoo!...
Jim, never had no kind of insurance other than automotive as far as I know. I remember about 10 years ago a small tornado came over top his shed which is on the ridge, he was in it and it ripped the hat off his head. The whole barn roof was moved about a hundred yards and rested in one peice. It was about 40' x 150'. No insurance on the barn and it was the second time mother nature got a hold of it. He was a hell of a an individual and I am glad to have known him. The grandson is like a brother to me, It was tough for him. Sorry for the hijack, the thread brought back a few good memories.
Paden is right but there are loopholes.
1. Of course, a knowledgeable elder law attorney should be consulted first, in the meantimeÛ?
2. Have your wife talk with her mother and have all liquid asset accounts updated to include the word ÛÏORÛ in them. (i.e.: Mom OR daughter). This is NOT a transfer of funds.
3. She will also need to obtain a durable power of attorney from her mom.
4. Read Number 1 again.
paden cash, post: 392414, member: 20 wrote: According to my life insurance policy suicide is a no-no
Mine pays for suicide as long as I wait at least 12 or 24 months after making any changes to the policy.
