If Your Parents Can’t Pay Their Bills, You May Have To

[TheMastersNemesis]

43. The GOP Congress Has Passed Laws Against Transfer Of Assets

During the Bush administration the GOP Congress has passed laws changing the "look back provisions" on Medicare covering long term care. It is essentially illegal for a lawyer to transfer funds to avoid the cost long term care bills. A lawyer can go to jail or be disbarred for arranging such a transfer. Plus the look back rules have changed to make it almost impossible to transfer assets. The 36 month "look back rules" have been changed. Before if assets were transferred and it was more than 36 months before a parent went into long term care, then the assets could not be assessed. The GOP passed rules that somehow changed that "look back period". I am not sure what the new rule is but transfer of assets is almost impossible now.

The GOP model means that the children can forget about inheritance if a parent goes into long term care. The only thing they might inherit under the GOP plan is the bill from the nursing home. All one can hope for is a quick death of an ill parent. Other than that Euthanasia will be sought of as an option over long term care.

The GOP are nothing but a bunch of greedy thieving bastards.