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Depending on the sort of policy you have,your policy might lapse as soon as you miss your annual premium payment.
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If the Medicaid applicant has transferred properties without settlement,Medicaid views these transfers as presents and punishes the applicant

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If the person who died owes money to other people,for example,on a credit card,for fuel,for rent or a mortgage,this comes out of the estate

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Exactly what’s needed to establish an ILIT?.
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