A few weeks ago Anna (4y) wanted to play with some packing material. It looked very messy to me, I didn't expect she would clean it up, and I didn't want to fight with her about cleaning it up. I considered saying no, but after thinking about how things like this are handled in the real world I had an idea. If you want to do a hazardous activity, and we think you might go bankrupt and not clean up, we make you post a bond. This money is held in escrow to fund the cleanup if you disappear. I explained how this worked, and she went and got a dollar:
Consider this position:
If you missed it, Rachel made a recording of most of the service:
And here are the recordings Bucket Brigade made:
Take Medicaid and long-term care. Medicaid will cover nursing homes, but only if you have exhausted your savings first. To discourage people from transferring their money to relatives to intentionally become destitute, Medicaid has complex asset transfer rules. Still, they only look back five years, which means that with planning this is still quite practical and many people do it.
As the amount of money involved starts to get large enough, it makes sense for people to plan farther in advance and do stranger things to qualify. Here are two that I think are quite uncommon now, but if current rules persist I expect to see more of:
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