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Non-Cattle Specific Topics
Coffee Shop
Anyone know how much Assisted Living costs?
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<blockquote data-quote="bball" data-source="post: 1249960" data-attributes="member: 23752"><p>Must be a regional or state thing because my father in law met with an attorney 7 years ago (in preparation for how to financially handle his folks aging and his farm being legally in their name) Attorney instructed him to get as much of his parents wealth transitioned into his name, especially the farm. In Indiana, any assets held within the last 5 years are considered when figuring your responsibility for payment to LTHC facility. His folks are quite set financially, but his mom and pop did transfer the farm to his name. Attorney explained, they will basically have to use all their existing surplus before medicare/medicaid/ss kick in..if they didn't have an insurance policy in place..</p></blockquote><p></p>
[QUOTE="bball, post: 1249960, member: 23752"] Must be a regional or state thing because my father in law met with an attorney 7 years ago (in preparation for how to financially handle his folks aging and his farm being legally in their name) Attorney instructed him to get as much of his parents wealth transitioned into his name, especially the farm. In Indiana, any assets held within the last 5 years are considered when figuring your responsibility for payment to LTHC facility. His folks are quite set financially, but his mom and pop did transfer the farm to his name. Attorney explained, they will basically have to use all their existing surplus before medicare/medicaid/ss kick in..if they didn't have an insurance policy in place.. [/QUOTE]
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Non-Cattle Specific Topics
Coffee Shop
Anyone know how much Assisted Living costs?
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