| Question Regarding Liquidating assets/ Mitigating estate tax |
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oldguy
Senior Member
Cash: $ 309.30
Posts: 1481
Joined: 21 May 2006
Location: arizona
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quote:
My own x mother-in-law was able to hold on to her home when husband died (avoided medical suits/liens) by telling all creditors & medical that she was renting.
Yes, there is quite a bit of fraud in the system, people lying about their houses, hiding cash, cheating the welfare/medicaid systems. As for lying to creditors about renting - if anyone of them were to get a judgment to collect the debt, there would be a Discovery Process where all of her accounts/properties would be identified and liquidated as necessary. But until those people are caught, you and I get to pick up the slack and pay for them on Tax Day.
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Sun Jun 12, 2011 8:50 pm |
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eastmn
Senior Member
Cash: $ 81.20
Posts: 393
Joined: 04 Apr 2010
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One of my last employers had a father with Alzheimers, genetic, very violent, where the family and the doctors simply withheld food, let him pass (hospital setting). Left all monies to the grandchild he last assaulted.
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Sun Jun 12, 2011 11:29 pm |
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