My dad lost all his assets to cancer bills, as did my father in law, and my husband’s family lost the house built by their grandfather due to having to settle the nursing home debt after my mother in law died.
I do not expect any inheritance from my mom, since I want her to use it all to take care of herself.
We really really need a single payer healthcare system. Those last dozen years of a person’s life are where the medical industrial complex makes obscene bank.
I can not begin to explain the level of my contempt for networks like FoxNews…
It confounds me that my father can be such a bigot and against social reform after being left destitute after my step mom passed following seven years of cancer treatment before passing way. I think he wants everyone else to suffer like he does instead of wanting there to be less suffering. I used to be really close to him but I refuse to have a relationship with him anymore.
I grew up on WIC and now my mom is conservative and against all safety nets and I’m like, bitch please I remember damn well picking out things that were on that WIC list every week at the store, don’t act like we got by OK on our own. Not to mention her not working and on disability for the past couple decades… so independent we are.
She’d mortgaged it to cover part of her husband’s debt from the cancer treatment and between that and the nursing home, the bank took a wash and it got transferred over to HUD.
Basically all the equity was stripped from it and it had liens in excess of the home value so the bank (Wells Fargo - ofc!) fobbed it to the government as a loss and took the write-off on their taxes… which they do.
She’d been planning to have husband and I get the place but that all went out the window once her unmanaged diabetes chewed her up.
There was an aunt living in it after FIL died, and so mother in law moved in with her sister.
Aunt died, leaving mother in law as sole occupant, and she was there for a few more years on her own until she got too sick.
She took out the mortgages on the family house after she got ownership, to strike down the remains of FIL’s bills and clear the debts from the prior household.
Was just a shitshow all around. The one thing that was fun was crawling through the rafters of the house to pull out the family heirlooms.
We got the classic Singer 66 “redeye” treadle sewing machine with the 7 drawer “coffin case” and all the feet attachments. It’s an absolute dream to use.
Everything else was tarred and nicotined to death as they were all smokers and the house reeked. NGL, whoever bought that from HUD had a ton of cleaning the cigarette residue off of everything, on their hands.
The nursing home shit pisses me off so much specifically because It’s incredibly easy to avoid but you actually have to have enough money to pay lawyers to set up trusts and annuities and whatnot. It literally only impacts people who don’t have the privilege to avoid it.
My grandfather technically died with barely a penny to his name. Just enough to cover funeral costs. All of his assets - around 2M total - had been transferred to various irrevocable trusts managed by his lawyers. The professional management cost something like 10% of the initial trust balance but that was worth it to prevent the slimebag nursing home people from getting. They got literally twelve dollars or something in probate. Not even worth the cost of the leach they sent to the hearing.
I can not begin to explain the level of my contempt for networks like FoxNews…
Everyone associated with that shithole is a traitor to our nation and I say that with the straightest face imaginable. What I want to happen to them would get me banned, even on Lemmy.
This is going to sound really fucked up, but my mom apparently bought specified disease insurance.
She smoked from before she was 18 up until after her last chemo treatment, and she still had her treatment covered 100%.
It didn’t cover everything - only medically necessary things. She tried to get the doctor to do an experimental procedure on her, and the insurance wouldn’t cover the procedure. It covered live-in hospice, but not a nursing home, etc.
She was notorious for lying to her doctors, but her medical history should have reflected that she smoked. She was on oxygen for smoking-related emphysema!
My dad lost all his assets to cancer bills, as did my father in law, and my husband’s family lost the house built by their grandfather due to having to settle the nursing home debt after my mother in law died.
I do not expect any inheritance from my mom, since I want her to use it all to take care of herself.
We really really need a single payer healthcare system. Those last dozen years of a person’s life are where the medical industrial complex makes obscene bank.
I can not begin to explain the level of my contempt for networks like FoxNews…
It confounds me that my father can be such a bigot and against social reform after being left destitute after my step mom passed following seven years of cancer treatment before passing way. I think he wants everyone else to suffer like he does instead of wanting there to be less suffering. I used to be really close to him but I refuse to have a relationship with him anymore.
I grew up on WIC and now my mom is conservative and against all safety nets and I’m like, bitch please I remember damn well picking out things that were on that WIC list every week at the store, don’t act like we got by OK on our own. Not to mention her not working and on disability for the past couple decades… so independent we are.
If you want homes to stay in the family you need to get people added to the deed years before you die/acrue debt.
Depending on state this keeps the property out of any estate proceedings
She’d mortgaged it to cover part of her husband’s debt from the cancer treatment and between that and the nursing home, the bank took a wash and it got transferred over to HUD.
Basically all the equity was stripped from it and it had liens in excess of the home value so the bank (Wells Fargo - ofc!) fobbed it to the government as a loss and took the write-off on their taxes… which they do.
She’d been planning to have husband and I get the place but that all went out the window once her unmanaged diabetes chewed her up.
Weird, usually the spouse gets the property automatically. Of course they’d still be responsible for the loans which can be unmanageable.
Sucks our country puts people into such horrible positions for the crime of trying to stay alive
The house was the MIL’s family.
There was an aunt living in it after FIL died, and so mother in law moved in with her sister.
Aunt died, leaving mother in law as sole occupant, and she was there for a few more years on her own until she got too sick.
She took out the mortgages on the family house after she got ownership, to strike down the remains of FIL’s bills and clear the debts from the prior household.
Was just a shitshow all around. The one thing that was fun was crawling through the rafters of the house to pull out the family heirlooms.
We got the classic Singer 66 “redeye” treadle sewing machine with the 7 drawer “coffin case” and all the feet attachments. It’s an absolute dream to use.
Everything else was tarred and nicotined to death as they were all smokers and the house reeked. NGL, whoever bought that from HUD had a ton of cleaning the cigarette residue off of everything, on their hands.
The nursing home shit pisses me off so much specifically because It’s incredibly easy to avoid but you actually have to have enough money to pay lawyers to set up trusts and annuities and whatnot. It literally only impacts people who don’t have the privilege to avoid it.
My grandfather technically died with barely a penny to his name. Just enough to cover funeral costs. All of his assets - around 2M total - had been transferred to various irrevocable trusts managed by his lawyers. The professional management cost something like 10% of the initial trust balance but that was worth it to prevent the slimebag nursing home people from getting. They got literally twelve dollars or something in probate. Not even worth the cost of the leach they sent to the hearing.
Everyone associated with that shithole is a traitor to our nation and I say that with the straightest face imaginable. What I want to happen to them would get me banned, even on Lemmy.
This is going to sound really fucked up, but my mom apparently bought specified disease insurance.
She smoked from before she was 18 up until after her last chemo treatment, and she still had her treatment covered 100%.
It didn’t cover everything - only medically necessary things. She tried to get the doctor to do an experimental procedure on her, and the insurance wouldn’t cover the procedure. It covered live-in hospice, but not a nursing home, etc.
That is amazing… and she was able to buy the policy as a smoker?
She must have been able to.
She was notorious for lying to her doctors, but her medical history should have reflected that she smoked. She was on oxygen for smoking-related emphysema!