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I thought that was something that one can do by putting things in a trust? If it's not your money anymore, what prevents you from passing it on?
by gknoy 10y ago
I thought that was something that one can do by putting things in a trust? If it's not your money anymore, what prevents you from passing it on?
- hx87 10y agoTrusts don't protect you and your heirs from the cost of long term care and end of life treatments. I suppose you could put all your wealth in a trust and claim poverty/declare bankruptcy, but that's a very dickish thing to do with respect to society, not to mention your caretakers, and it isn't a widely practical solution.