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Curmudgeoness

(18,219 posts)
11. The wealthy find ways to do this all the time.
Thu Jan 12, 2012, 08:37 PM
Jan 2012

They hide their assets all the time, and there has to be a way to do it for us poor smucks. They certainly cannot prove you have it if it is not in a bank or other traceable asset. But you are right, they can trace that it WAS in the bank. If it was much money, it could be a problem. If it is no significant, I am sure there are things you can explain it away.

I would preplan a funeral and pay for it if I were in the retired situation, since this is one of the big reasons older people feel the need for some money stashed. Property taxes could be prepaid if you own property. I would pay off all debts, if I had any---and that might even include debts to family and friends. And I would be taking the money out of the bank slowly instead of all at once so it isn't obvious. There just has to be ways if you really are in a troubled situation. I do not believe that someone should be indigent or close to homeless before they can get some help to eat.

With that said, I am also not interested in having people of substantial means getting food stamps just because they think that they deserve it----and I do know people like this. My opinion is that they are taking food from people who really need it.

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