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Author: PleaseAndThanks One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 126961  
Subject: Buying condo vs. l.t. care insurance Date: 12/4/2002 4:33 AM
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Hi, maybe you can give me some advice. Some background. I am fifty, with a pre-existing medical condition, and expect to need long term care at some point (not for sure, just guessing). I inherited enough to make a down payment on a condo. This would take all of my income to budget so it's not a move I can take lightly.

Questions. Is it better to invest in a home, or rent and buy long term care insurance? I don't think I can afford to do both. Would care givers, public assistance agencies, and anyone else to whom I might owe money down the line exempt a condo and perhaps a car as assets?

From what little I know, it seems that purchasing a primary residence would be an excellent way of protecting the inheritance. Thanks for any thoughts.
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