How much should be passed on. $50,000. $500,000 $5,000,000?
What is wrong with paying back the government before your heirs can inherit any money?
I am a conservative and I will say.....absolutely nothing. In my opinion they should be required to sell their assets to help pay for their care as soon as they go into long term care. Then keep track of the money til it is within the $2500 allowable cash before they qualify. That’s the way it used to be.
Remember when there was no need to have this discussion because the government was not involved? I do, and you probably do too. Many estates over the years have been exempted by congress. Rats picked the winners and the losers of whose estate remained and those that were taxed. Regrettably, people are not aware of the law and the law changes constantly. Guess there needs to be three things that are certain. Death, Taxes, and the Law changing. (frowning) regarding there are now three things.
There is nothing wrong with having to pay the government back for care received prior to being able to leave an estate to heirs. BUT, when illegals receive free care and money forever and Americans are not even informed that their estates will be confiscated thanks to the fine print in ObamaCare, something is definitely out of whack!!