I know some wealthy boomers who were in the position you're talking about, and hired a lawyer to figure out how to hide their savings so they could get Medicaid to pay for assisted living.
I don't think people realize how common income shell games are. It's not just billionaires in the Caymens, it's the millionaires in the PMC too.
ngl, I spent a considerable amount of time trying to figure out how to hide some of their savings. Apparently there's a 5 year limit on gifting that they check. I'm sure if I had actually fuck you money we could've gotten around it though. I ended up doing the math after my grandfather passed a couple years later and even with downgrading his lifestyle, short of moving him in with family, he would've ran out of money before he died. But like they were even talking about liquidating my grandparent's grave sites that they had bought fucking decades ago. Not only would his kids lose any inheritance, as meager as it was, but the added cost to the family if we had gone through with it would've been crazy.
I know some wealthy boomers who were in the position you're talking about, and hired a lawyer to figure out how to hide their savings so they could get Medicaid to pay for assisted living.
I don't think people realize how common income shell games are. It's not just billionaires in the Caymens, it's the millionaires in the PMC too.
ngl, I spent a considerable amount of time trying to figure out how to hide some of their savings. Apparently there's a 5 year limit on gifting that they check. I'm sure if I had actually fuck you money we could've gotten around it though. I ended up doing the math after my grandfather passed a couple years later and even with downgrading his lifestyle, short of moving him in with family, he would've ran out of money before he died. But like they were even talking about liquidating my grandparent's grave sites that they had bought fucking decades ago. Not only would his kids lose any inheritance, as meager as it was, but the added cost to the family if we had gone through with it would've been crazy.