To: bayourod
The program pits people who believe the law promotes taxpayer fairness against critics who fear it will deny heirs their rightful inheritances. I believe you have that exactly backwards.
The children normally don't have an inheritance until the parents die. Any attempt to transfer beforehand is fraud. The taxpayer is not obligated to "preserve" anyone's inheritance.
People will have to decide: health care and long time care or leave an inheritance? In my view, having the means to pay for (some) long term care is eliminating a potential burden on my children.
6 posted on
02/28/2005 4:57:55 PM PST by
Publius6961
(The most abundant things in the universe are ignorance, stupidity and hydrogen)
To: Publius6961
The children normally don't have an inheritance until the parents die. Any attempt to transfer beforehand is fraud Depends on how long beforehand doesn't it?
I am 59 years old and have transferred money and property to my children. My intent is not to defraud and is therefore quite legal.
Intent is hard to prove anyway.
15 posted on
02/28/2005 5:28:08 PM PST by
Graybeard58
(Remember and pray for Spec.4 Matt Maupin - MIA/POW- Iraq since 04/09/04)
To: Publius6961
"The children normally don't have an inheritance until the parents die. Any attempt to transfer beforehand is fraud" Well, maybe the fact that you can't give your children whatever personal assets you wish to give them is an indication that American liberty is a fraud.
47 posted on
02/28/2005 7:52:14 PM PST by
Sam Cree
(Democrats are herd animals)
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