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I've ran into an interesting situation here in Colorado. Taking care of my elderly parents, we've received letters saying that since they are on Medicaid and Medicare, their "estate" will become available for the government for reimbursement of any and all medical expenses that have been incurred by them and paid for by Medicaid. So it looks like that means no inheretance.
It also would seem to suggest that if I end up in the same situation, then paying some 50% of income for a condo that I will finally have paid off at the age of 80 will also probably not be of any worth as an inheritance for my children.
Not that it isn't good to pay for things when you have the means to do so. But it does make owning a house less appealing, at least here where my family lives.
When my parents pass away I will then look into whether it would make sense to buy a house somewhere else.
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