Quote:
Originally Posted by JSH
Which makes complete sense. Someone can't say they are too poor to pay their medical bills and then turn around and give away their money.
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Very true, and I agree totally.
But I also find it very ironic that we (immediate family, not talking about my parents) also qualify for Medicaid, and so at the same time we qualify for "affordable housing" to purchase. But if I make more so we no longer qualify for Medicaid, then we no longer qualify for "affordable housing", meaning a mortgage would still be 50% of income, only this time I'd have to be working two jobs to pull it off.
I could get insurance and use that instead of Medicaid, but that also means we wouldn't get any help from the Affordable Healthcare Act and would have to pay it in it's entirety without any tax credits.
What is the point of selling property to people who don't qualify to let their childeren inherit it?
Obviously, it doesn't seem like a given they will take it all, but it could very well happen.
If I or anyone gets any inheritance, great. If not, that's what we're expecting. When my parents die I'll just have to see if it makes more sense to go somewhere else and buy property. I don't see it making sense here. Well, unless I look at it as a way to make sure I can pay for living in a nursing home when the wife and I get to that age.