When crisis planning what options and choices do I have?

Yes, you do have options on which assets to protect and which assets to let go. For example in a Crisis Plan where the Mom has just entered a Nursing Home and no planning has been done, what assets can be protected and what are my options. Many times to protect one asset we may have to use or spend another asset. For example many people will spend some or all of their liquid assets to protect the Personal Residence or some other piece of real estate. Sometimes one asset may be relatively easy to protect while another asset may require the spouse or children to get appraisals done or sell an asset not easily sold like a time share, old boat or camper or lot with a mobile home on it located in another state.
The transactions required to protect an asset may be difficult or very inconvenient to do and take a considerable amount of a child’s time to complete and the asset to be protected just isn’t worth the hassle. So yes, you do have options on which assets to protect and which assets to let go.

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