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Sam...
Posted by  BrendaTX of TX on 5/14/05 1:47pm Msg #37804
Thanks for your comments as I was beginning to doubt my original pretense. To be clear:

Fact: It's been a few years since I read through an trust created by the probate lawyer I worked for.

Fact: The only experience I have had with creating irrevokable trusts was observing the attorney setting them up for the purpose of avoiding probate. In this context, they were not created for people to avoid having too much money/assets so they could snag government assistance. These people had created retirement accounts, etc. to take care of themselves, of course, and were avoiding public disclosure of their assets through probate, plus doing wise estate tax planning.

Opinion: Government assistance is a very good thing for the unfortunate; anyone can become unfortunate by a tragic change in circumstance. I hope it would be there for me if I encountered tragic circumstances. But, abuse of the system will/is break/breaking the system.

Opinion: Government assistance not for the purpose of abuse through trusts or fraudulent transfers so that assistance will be there for the truly unfortunate. To take advantage of it when it is not necessary burdens the current working taxpayers and would be moral dishonesty for me.
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Messages in this Thread
 Reverse Mortgages - Carol_SoCal on 5/13/05 1:01pm
 Re: Reverse Mortgages -  SamIam_CA on 5/13/05 1:12pm
 Not a good choice for family - Melody on 5/13/05 1:20pm
 Re: Reverse Mortgages - Mike/NJ on 5/13/05 1:29pm
 Re: Reverse Mortgages - Sonja on 5/13/05 2:03pm
 Correct re Trustee/Estate. Not quite correct re Medicare. - Melody on 5/13/05 4:22pm
 Re: Correct re Trustee/Estate. Not quite correct re Medicare. - Sonja on 5/13/05 5:34pm
 Re: Correct re Trustee/Estate. Not quite correct re Medicare. -  BrendaTX on 5/13/05 6:28pm
 Re: Correct re Trustee/Estate. Not quite correct re Medicare. - Sonja on 5/13/05 7:00pm
 Re: Correct re Trustee/Estate. Not quite correct re Medicare. - BrendaTX on 5/13/05 7:11pm
 Re: Correct re Trustee/Estate. Not quite correct re Medicare. -  SamIam_CA on 5/13/05 7:21pm
 Thanks, Sam...I should have said: -  BrendaTX on 5/13/05 7:38pm
 Being blunt: -  BrendaTX on 5/13/05 7:54pm
 Re: Being blunt: I think you said it just right n/m -  SamIam_CA on 5/14/05 11:40am
 Re: Correct re Trustee/Estate. Not quite correct re Medicare. - Sonja on 5/13/05 8:00pm
 What started out as questions and exchanges of ... - Ernest_CT on 5/13/05 9:44pm
 Re: What started out as questions and exchanges of ... - Sonja on 5/14/05 11:40am
 Last.... - Sonja on 5/14/05 12:21pm
 Re: Last.... -  BrendaTX on 5/14/05 12:32pm
 Re: Last.... -  SamIam_CA on 5/14/05 12:36pm
 Would you kindly... - Sonja on 5/14/05 1:02pm
 Sam... -  BrendaTX on 5/14/05 1:47pm
 You make perfect sense to me - now go enjoy the weekend! n/m -  SamIam_CA on 5/14/05 2:13pm
 Re: You make perfect sense to me - now go enjoy the weekend! n/m -  BrendaTX on 5/14/05 2:48pm
 As the poster knows... -  BrendaTX on 5/14/05 12:27pm
 Think what you want n/m - Sonja on 5/14/05 1:03pm
 Re: Correct re Trustee/Estate. Not quite correct re Medicare. -  HisHughness on 5/14/05 5:43pm
 Good estate planning tool... - Bobbi in CT on 5/13/05 2:28pm
 Re: Good estate planning tool... - Carol_SoCal on 5/13/05 2:37pm
 Re: Good estate planning tool... - Kevin Ahern on 5/13/05 4:32pm
 No one recommends Reverse Mtg as investment tool ... - Bobbi in CT on 5/13/05 7:17pm
 Re: Reverse Mortgages - PeterL_CA on 5/13/05 7:51pm
 Re: Reverse Mortgages - ERNA_CA on 5/14/05 2:19pm



 
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