Obamacare Medicaid Estate Recovery Putting Estate Assets At Risk!admin
At age 55 your estate assets collateralize Medicaid expenses, putting estate assets, executors and children at risk.
CHEYENNE, WY, March 04, 2014 /24-7PressRelease/ — Client Werks LLC www.clientwerks.net reminded prospective trust clients of the extreme risk posed by Medicaid Estate Recovery.
Client Werks CEO, Nick Parino Jr. stated that “the wealth attack is clear with Obamacare where Medicaid Estate recovery is being forced upon millions of people who might have otherwise gone without insurance. Why? Because the plan is that millions more Americans have health insurance by expanding Medicaid and implementing premium assistance (subsidies). When a person is found to be eligible for Medicaid, they will be automatically enrolled into their state’s Medicaid program. Those forced into Medicaid will, due to the federal law, also be forced into estate recovery. Their estates will be partly or fully taken over by the federal or state government when they die and the children are vulnerable.”
To do accomplish this, they have dropped the asset test so they will expand Medicaid roles by forcing a whole lot of people (Victims) ages 55-64, who have assets but not a lot of income right now, for whatever reason, on Medicaid.
The fact that practically no one is talking about this is unsettling and proof that the scoundrel legislators achieved their goal of making Medicaid a loan with the State and Federal government as Creditors. Everyone age 55 or older who is forced onto Medicaid roles will become unwitting guarantors of a loan…collateralized by their estates and the children are co-signers!
If a Medicaid recipient dies and is subject to repayment of benefits, only higher priority expenses of court costs and administration fees, most funeral and burial expense, federal debt and state taxes, and last-illness medical expense take precedence over the medical assistance debt. Inheritance comes last, and if heirs improperly acquire a presumed inheritance, they must repay it to Medicaid. The estate’s executor may be held personally liable, and interest begins accruing six months after the death.
The Government Creditors have made sure that there is no limit to the amount that can be billed against the Medicaid recipient’s assets by the state and Medicaid Estate Recovery seeks a 100% payback of whatever each state determines are expenses they want recovery for.
The Wyoming Solution. Wyoming provides a golden opportunity for future Medicaid recipients to preserve estates and protect personal and business assets from the Medicaid Estate Recovery wealth-grab with a Wyoming Qualified Spendthrift Trust and Unregulated Single Family Private Trust Company Structure.
Parino stated that “the Company’s moniker “Helping Clients Get to a Better State” is the essence of what Client Werks LLC does.”
Wyoming has emerged as a first-class, reputable financial center with world-class company, trust and finance laws that rival offshore jurisdictions, but with much less scrutiny and tax compliance costs. Wyoming residents are not required to pay state income taxes and this benefit extends to non-residents of Wyoming who accumulate assets, appreciation and income in a Wyoming Qualified Spendthrift Trust. Furthermore, there is no corporate income tax, no gift or inheritance tax, no capital gains tax, and no tax on mineral ownership.
Learn more by calling Client Werks LLC at 866-953-7555 or by attending a weekly conference call by invitation, which is available by subscribing via email on the website at www.clientwerks.net.
About Client Werks LLC
Client Werks, LLC is an independent, Wyoming-based firm that utilizes Wyoming Limited Liability Companies and Wyoming Qualified Spendthrift Trusts in conjunction with Wyoming Unregulated Family Private Trust Companies, to provide Global Clientele with turn-key, world-class risk-aversion solutions.
Client Werks, LLC brings incorporation, trust organization and asset protection within financial reach of business professionals, individuals and persons engaged in high-risk occupations, shielding Global Clientele from unforeseen risk like civil litigation and catastrophic events. Client Werks, LLC is registered with the Wyoming Secretary of State as a Commercial Registered Agent and can be verified by clicking on the “Roster of Agents” link at http://soswy.state.wy.us/Business/CRAHome.aspx
Client Werks, LLC bring to bear 25+ years’ experience working in the asset protection industry with domestic and offshore attorneys and Client Werks, LLC invests heavily in compliance review. All Spendthrift Trust and Unregulated Family Private Trust Company instruments are independently reviewed at least annually for compliance with Wyoming Statutes and relative IRS Notices and Letter Rulings, by a Preeminent Wyoming law firm with attorneys who are Fellows of the American College of Trust and Estate Counsel…that’s what differentiates Client Werks, LLC from everyone else!
Media Contact: Cory C. Parino @ firstname.lastname@example.org
Posted: March 4th, 2014 under 24/7 PRESS RELEASE.