The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/don1941-quot-talk-to-your-financial-planner-and-11677068.aspx

Subject:  Re: Protecting Assets Date:  12/17/1999  6:49 PM
Author:  JAFO31 Number:  16515 of 75791

don1941: "Talk to your financial planner and your lawyer [emphasis added] about setting up an irrevocable trust. It's not cheap but you can basically give away everything you own to someone else (hopefully someone you trust (no pun intended)) and be penniless as far as medicare/caid is concerned."

I agree with the statement in bold; I respectfully disagree with the balance, because I beleive that there is a 3-year look back period as the inital poster suggested, but I am no expert.

Regards, JAFO

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us