The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: shelter those dollars||Date: 4/1/2013 2:37 PM|
|Author: StockGoddess||Number: 71625 of 83052|
My elderly mother (78) just sold some real estate to a commercial developer and banked maybe $500K.
Talking to her the other night she doesn't want NOBODY to get her hard-earned money. Not the IRS, not some old folks home someday. So my question to you all is - is there any way to "shelter" that amount of cash from being eaten up by the old folks home if she ever needs to go to one? LLC? Trust? Offshore account in the Caymans?
Told her I'd ask and let her know what folks said.
SG "doing her daughterly duty"
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|