What is a private annunity is as a means of protecting cash?
Full Question:
My widowed mother recently went into a nursing home. All of her property has been either sold or gifted beforehand. Could you please explain what a private annunity is as a means of protecting cash (approx. $280,000) before funds are depleated and we have to apply for Medicaid.
11/01/2007 |
Category: Debts and Credit |
State: New York |
#11417
Answer:
Please see the information at the following links:
http://definitions.uslegal.com/a/annuities/