The more I look at the Obamacare package and the direction of healthcare in general, there seems to be a focus on separating the patient from their assets. A very unfair thing when one considers how jacked up medical costs are in the non-competitive market. Mind you, I have no problem paying my bills; I just refuse to be fleeced. In order to access local state healthcare benefits here in my state, the state goes after one’s house and belongings.
I would imagine that this same process will be used to fleece patents. Obamacare and the states will work in concert to take over assets.
I have been to a lawyer to manage my estate. But what I realize that I really need is ASSET PROTECTION even more that I need estate planning. So if the long arm of Obamacare goes after my assets, there will be nothing for them to take. I know professionals with high liability do asset protection but there isn’t a lot out there that I have been able to find.
Your thoughts about ASSET PROTECTION would be valuable. No one seems to know much about it here, and it seems that it would be the best way to avoid unfair healthcare charges.
You need to move your assets into a trust.
That trust will need to be in place for at least two years for it to have protection from being pierced.
Now is a great time to do that.
See an attorney.
One thing Mrs Tell and I have considered is donating our house and land to our church. We would reserve a joint life estate with right of survivorship in the property. We could take a nice charitable donation now and could not be kicked off the land. We have not done this yet, but it is a real possibility - ask your attorney. Of course our children may not be happy with this, but we will be safely dead.
Yes, a trust is the way to go — and best if it is a foreign trust. A US trust will likely be broken into eventually.
Move to Mexico.