|
I'm 57 and my wife is 55. We are getting close to retiring, maybe another two years or maybe sooner than I expect. We are both still employed with good health benefits.
We had a visit at the doctors office this afternoon. Turns out that my wife has some lesions on her brain that my cause some problems. This all happened out of the blue, all the test aren't in so it could be something much less serious. Anyway this started me to really thing about how to protect assets.
My Mother is in a nursing home. About five years ago, we put her house in my name. Fortunately, the state picks up most of her tab and I will sell her house to pay the other expenses.
In my former job I took the cash balance payout and my wife will also. So I'm wondering, if something catastrophic happened, like my wife faced with a situation where she required required intensive long term medical care (or me)...what is the best hedge?
Thanks in advance for your replies.
Garry
|
Threaded Mode
