I know the first thing the government will do
is confiscate all my money to pay for the
Not if you can pay for the nursing home with your own money.
Which, by the way, would probably only cost a thousand or two above the 3000 you get per month. That could be easily paid with earnings on your 800,000 without eroding the principle.
My question is, if I know I have to go into a
nursing home, and a few months prior to going
in, I withdraw all my money from my bank in
cash and give it to my cousin in cash and I
tell him not to deposit it in a bank and to
just hide it in his house and use it as he
sees fit. What can the government do? I know
they will grab my SS and pension, but what
can they do if I withdrew all the money. I
know they will ask me what I did with that
money, and I will tell them that as a last
fling before I die, I went Vegas and gambled
it all away and spent it on hookers and I
just enjoyed myself. It was my money, and I
worked for it, and I can spend it as I see
fit. What are they going to do? If I am sick
and dying, what are they going to do. Are
they going to deny me a nursing home and let
me die in the street. Prosecute me and put me
in jail. What can they do.
Given how little more it would cost you per month, giving 800,000 cash to your cousin just to get into the nursing home would be really stupid, wouldn't it? Although it would certainly make your cousin happy.