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<blockquote data-quote="bacha29" data-source="post: 2515807" data-attributes="member: 58386"><p>I also have 2 self managed pensions. Plus a portfolio that I trade on my own. IWBF. is correct. The only person to whom it matters is the name on the account. Now here&#039;s what we do have in common. If we both live in states that have estate recovery and presumption of death laws, what we have will either go directly to the nursing home or back to the individual state if we were receiving state assistance to pay for our care .In fact some states are using some old laws that requires the children if they have resources of their own to chip in to cover the cost of the elderly parents care Recently one state I forget which one it was sued the son whose mother was in a nursing home to recover the cost of her care and won .As a result he had to hoark up a $93,000 hair ball to help pay for her care. Don&#039;t stand there and try to tell me that you won&#039;t end up in one because the well being of the elderly patient always comes first. Then again that&#039;s the way the law works in a progressive minded state like the one I live in. Can&#039;t say the same applies down in those Southern states.</p></blockquote><p></p>

[QUOTE="bacha29, post: 2515807, member: 58386"] I also have 2 self managed pensions. Plus a portfolio that I trade on my own. IWBF. is correct. The only person to whom it matters is the name on the account. Now here's what we do have in common. If we both live in states that have estate recovery and presumption of death laws, what we have will either go directly to the nursing home or back to the individual state if we were receiving state assistance to pay for our care .In fact some states are using some old laws that requires the children if they have resources of their own to chip in to cover the cost of the elderly parents care Recently one state I forget which one it was sued the son whose mother was in a nursing home to recover the cost of her care and won .As a result he had to hoark up a $93,000 hair ball to help pay for her care. Don't stand there and try to tell me that you won't end up in one because the well being of the elderly patient always comes first. Then again that's the way the law works in a progressive minded state like the one I live in. Can't say the same applies down in those Southern states. [/QUOTE]

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