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To: A. Pole
"Rising mortgage debt poses a serious threat to seniors' financial well-being, says Craig Copeland of the research institute, because they're "putting at risk their most important asset, their home."

Well, that's an asset you have to figure may very well go to the government or the nursing home at the end of the road. You have to start asset protection via a good lawyer long before you need long-term or nursing home care.

9 posted on 01/23/2007 10:24:14 AM PST by Sabatier
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To: Sabatier

You have to start asset protection via a good lawyer long before you need long-term or nursing home care.

Yep, I'm always encouraging my parents to hand it over,

another thing these retiree's need to do is pay off the IOU's they borrowed out of SSI, and not leave the debt.


13 posted on 01/23/2007 11:23:03 AM PST by Son House
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