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We should consider the possibility that Dr. Lederman's financial problems happened by design. After all, why should ordinary people be allowed to slowly amass
by squozzer 8y ago
We should consider the possibility that Dr. Lederman's financial problems happened by design.
After all, why should ordinary people be allowed to slowly amass modest fortunes to pass onto their heirs?
If you want to know who is truly elite in America, see whose debts cannot be discharged through bankruptcy.
- toast0 8y agoThe way Medicaid works is they'll pay for a nursing home once you run out of money. They also can claw back some related person gifts (or other transactions) that happened within the past few years. If you have a lot of assets you want to pass to your heirs, but not enough assets you don't mind selling to pay for your end of life care, it's best to give to your heirs over the course of your life. The downside is a substantial gift while the giver is alive has a paperwork burden, as well as a loss in the step-up in cost basis you get when giving after death. The upside is you get to see how your heirs use the gift and you can express your feelings directly, rather than through rolling in your grave.
- creaghpatr 8y agoVery interesting way of looking at it, almost a philosophical approach.