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Cancer is so expensive to treat that 42% of patients deplete their entire life's assets to afford treatment within the first 2 years!

BarnacleBob

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#1
Here is WHY you want to separate yourself from your assets using various legal vehicles such as "irrevocable trusts" to protect assets from the medical cartels.

Death or Debt? National Estimates of Financial Toxicity in Persons with Newly-Diagnosed Cancer

https://www.amjmed.com/article/S0002-9343(18)30509-6/fulltext
 

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https://www.theatlantic.com/health/archive/2017/06/how-we-spend-3400000000000/530355/

snip:
How We Spend $3,400,000,000,000

Why more than half of America's healthcare spending goes to five percent of patients

The biggest medical costs are concentrated on a fairly small segment of the population—people with one or more chronic illnesses, plus victims of accidents or violent crime. The cost is so concentrated, in fact, that an estimated five percent of the population accounts for 50 percent of total medical costs.

For the purposes of this project, we’re calling these people The Platinum Patients—they’ve also been described as “super-utilizers” or “frequent fliers.”

This concentration of total cost on a small segment of the total population is reflected in another common aspect of medical spending: the concentration of treatment, and cost, in the end of a life span. For most people, the vast majority of all the health care they’ll ever get comes near the hour of death. Hundreds of billions of dollars each year are spent treating Americans who are in the last weeks, or days, of life.


The old Marx Brothers’ joke—“I wouldn’t dare go to the hospital—people die there all the time”—is essentially true. Many people die in the hospital—in many cases, just after they’ve incurred a hugely expensive round of surgery, treatment, and medication. About one-third of Americans undergo operations in the last month of life.
 

newmisty

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Cancer only grows in acidic bodies.
 

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https://www.natlbankruptcy.com/us-medical-debt-statistics/ careful, someone might suggest Socialized Medicine....
It was government intervention in the medical market that led to hyperinflation of medical cost.

My dad worked for Travelers - he brought the first group policies to Austin, San Antonio, Corpus Christi, and the Valley. No one had employer provided heath insurance previously. As the years went on and medicare came in, the government set the prices they would pay for procedures (through lobbying) - private companies would raise their payments and it was off to the races. From under 5% of GDP to 18% in the span of a career.
 

BarnacleBob

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How to Fight Cancer and Win by William Fischer

51R8MXY19NL._SX310_BO1,204,203,200_.jpg

https://www.amazon.com/How-Fight-Can.../dp/1891434012

Maximize your chance of recovery from cancer - and learn how to prevent it - with this down-to-earth, practical guide that has saved and improved lives since its first publishing in 1992. This accessible book presents scientific guidelines and documented facts for the successful treatment and prevention of cancer and other health problems, and is a must-read for everyone, from those looking for a cure for cancer to those looking for a roadmap to surefire prevention.


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5.0 out of 5 starsI will post based upon the recomendation of my Doc.
Format: HardcoverVerified Purchase

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How to Fight Cancer and Win by William Fischer
Category: Blog, News by: Scott Wescombe

Finding out someone has got cancer can feel devastating. It has caused untimely deaths in people from all walks of life. Beating cancer is a huge challenge, but it is possible. In William Fischer’s book, How to Fight Cancer and Win, it contains a lot of helpful information to beat the disease for good.

Here are some of the incredible finds from Fischer’s book:

Have a Daily Serving of Non-Fat or Low-Fat Cottage Cheese and Unrefined, Cold-Processed Flaxseed Oil or Flax Seeds

German biochemist Dr. Johanna Budwig who is famous all over Europe proposed an anti-cancer diet involving an everyday serving of non-fat or low-fat cottage cheese and unrefined, cold-processed flaxseed oil or flax seeds.

Cottage cheese is rich in sulfur protein and saturated fats and flaxseed oil is high in electron-rich unsaturated fatty acids. When combined together, it makes fat more soluble and can be easily absorbed into the cell membrane healing the cells.

Budwig believed that the oil in flaxseed could stop the growth of cancers. Research has seen it to be true when scientists have tested flaxseed on a number of different types of cancer cells in the lab, including breast, prostate and bowel cancer cells.

In the Budwig diet, you may add nuts, raw fruits and/or veggies and herbs to suit to your taste

Avoid Processed Edible Oils

The edible oil-processing industry destroys all the needed nutrients in the various healthy seed and vegetable oils. What’s worse is that it takes various toxic substances to make it clear, non-congealing and convenient.

Processed edible oils as well as animal fats contribute to many health conditions such as cancer, heart and liver disease, arthritis and diabetes. Foods that didn’t undergo processing are healthier compared to their processed counterparts. Good oils include unrefined flaxseed oil, olive oil and high-quality salmon and fish oils.

Eat More Garlic, Tomatoes and Oranges

Garlic contains high amount of sulfur which has been known to have healing properties. The compounds stop the formation of cancer-producing cells and enzymes that promote the spread of cancer.

Tomatoes are great source of lycopene. Lycopene is an antioxidant that fight free radicals so they can’t attach to your cells and promote disease. Studies show that lycopene helps prevent certain cancers.

Oranges and other citrus fruits are high in flavonoids. These are antioxidants that have cancer-fighting properties, which inhibit the increase of cancer cells and suppress the growth of tumors. The high vitamin C content in these fruits may ward off breast, stomach and pancreatic cancers.

Eat Plenty of Raw Fruits and Vegetables High in Abscisic Acid

Abscisic acid is a natural plant hormone known to have potent properties to fight cancer. Dr. Virginia Livingston discovered a shortage of abscisic acid and form-changing microbes in all of her cancer patients and laboratory animals with cancer. She recommended her cancer patients to eat plenty of raw fruits and vegetables high in abscisic acid such as cauliflowers, apricots, nuts and leafy greens.

On Cholesterol

Cholesterol has been misunderstood by many throughout the years. Our body makes its own cholesterol, up to 1.5 grams daily, which happens if the diet reduces cholesterol in foods. To prevent it from depositing on arterial walls, the trick is to keep it in a liquid state. High-density lipoprotein’s (HDLs) lecithin and linolenic acid help the body do this job. Dairy products such as butter, milk, eggs and cheese provide more than enough to keep cholesterol moving and safe.

The Goodness in Royal Jelly

Royal jelly contains anti-cancer properties that slow down the development of cancer. According to a 2009 study in BMC Complementary and Alternative Medicine, royal jelly suppresses the blood supply to tumors. Researchers discovered this after testing various royal jelly types on tissue cultures, where all of them inhibited the formation of blood vessels.

Go Macrobiotic

We are evolved to consume mostly grains, beans and local produce. New cells can only be created from the elements in our diet. Inferior cells are created by an inferior diet. The inferior diet affects the ability of the body to rid of the waste products and toxins. The result – cells degenerate and malignancy grows.

Macrobiotics promotes a healthy, holistic long-term lifestyle for people that include mental outlook as well as food choices. Here, it’s encouraged to eat regularly, chew food well, listen to the body, stay active, and keep a positive mental outlook.

Macrobiotic diets have shown to conquer cancers where surgery and chemotherapy have failed. Dieters have improved their overall health, including resolving PMS, hypoglycaemia, chronic back pain, blocked sinuses, hemorrhoids, acne and psoriasis.

Try Visualization Therapy

The mind is powerful. It can either help to cause or cure cancer. According to Dr. Carl Simonton, cancer will thrive in a body when the person is in a deep state of despair.

Dr. Jonas Miller, an ordained minister of the Peninsular Florida District of the Assemblies of God, suggests that it is first important to honestly recognize your illness, then reject it, and then seeing yourself in an extremely good health at least twice a day for 20 minutes. This means visualizing the illness being conquered and eliminated by strong forces of good.

Maintain a Healthy Living

Living a healthy lifestyle despite of living with cancer can prevent cancer-related deaths. This includes making healthy choices like avoiding smoking, maintaining healthy weight, keeping active, and most especially, eating the right foods.

When it comes to foods, the healthiest ones include:

Flaxseed
Onion and garlic
Carrot
Fiber-rich foods
Raw fruits and vegetables
Cold-processed bee pollen
Coldwater fish

Watch out for these foods:

Sugar and sugar substitutes
Chemical food additives
Enriched breads
Instant foods
Irradiated foods
Fast foods

The Case of Cow’s Milk

It is hard for the human body to absorb calcium from cow’s milk. Human enzymes required to digest milk gradually wane by age 3. Fruits, vegetables, nuts and seeds are better sources of digestible calcium.

Cancer does not mean the end of the world. It can be beaten. It takes a lot of effort to win over, but it’s worth it.

“You won’t find a “miracle pill” anywhere that can magically conquer cancer overnight – not now, and probably not ever” – William Fischer, How to Fight Cancer and Win.
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newmisty

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arminius

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I brush my teeth with baking soda every day, at least once. Acid should be an event that is planned. Homeostasis occurs at a more basic pH scale, and that scale is log...
 
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ttazzman

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Here is WHY you want to separate yourself from your assets using various legal vehicles such as "irrevocable trusts" to protect assets from the medical cartels.

Death or Debt? National Estimates of Financial Toxicity in Persons with Newly-Diagnosed Cancer

https://www.amjmed.com/article/S0002-9343(18)30509-6/fulltext
i would sure be interested in a thread about "separating yourself from assets" in the context intended by your post...IE i think the last time i checked any asset divestment is subject to a 5 yr claw back.....and most of the cancers i have been around most were out of assets in the 2-3yr range if it was at a point they couldnt work
 

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i would sure be interested in a thread about "separating yourself from assets" in the context intended by your post...
Holding wealth in PM's outside the financial system is about the only way that I've seen to prevent asset clawback and/or asset seizure from a lawsuit. All accounts, RE, etc, can be seized. Seen it done in realtime - was thinking the whole time, if a bunch of this wealth was in the form of gold and hidden, nobody could have seized it.
 

ttazzman

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Holding wealth in PM's outside the financial system is about the only way that I've seen to prevent asset clawback and/or asset seizure from a lawsuit. All accounts, RE, etc, can be seized. Seen it done in realtime - was thinking the whole time, if a bunch of this wealth was in the form of gold and hidden, nobody could have seized it.
LOL....this is a good group...you hit on the exact point i was going to lead towards (and one of the reasons for people to develop those type asssets off the books).......the hardest assets to deal with are real estate....
 

BarnacleBob

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LOL....this is a good group...you hit on the exact point i was going to lead towards (and one of the reasons for people to develop those type asssets off the books).......the hardest assets to deal with are real estate....
Creating an "irrevocable trust" & naming yourself as trustee until you die is a sure fire means of protecting assets... note that revocable trusts offer no protections and can successfully be attacked by creditors. As trustee of an irrevocable trust you possess the authority to buy, sell & trade trust assets.... the assets now belong to the common law trust, which is a paper person, not you, hence you are barred from using trust assets as collateral, etc...

Best to perform due dilligence & speak to a competant trust attorney...
 

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#15
Can an Irrevocable Trust Be Pierced?
By John Cromwell

When you create an irrevocable trust, you surrenders ownership over the trust assets; you cannot unilaterally regain control of the property. As a result, your creditors cannot get to the assets to satisfy the your debts. Irrevocable trusts are also generally structured to prevent a beneficiary’s creditors from gaining the trust’s assets to settle his debts. Although laws vary among states, there are cases in which a creditor can “pierce” the trust shield to obtain trust assets as a means of settling outstanding debts.

Fraudulent Transfer

Trusts cannot be used to defraud creditors. Courts will not allow a person to place his assets in an irrevocable trust in order to avoid paying creditors. The Uniform Fraudulent Transfer Act, which has been adopted by 44 states as of June 2012, addresses these types of transactions meant to defraud creditors. For a creditor to use this law to pierce the trust, she must prove that the debtor created the trust with the intent to defraud creditors or with the knowledge that after the transaction he would lack the resources to pay his obligation. If the creditor can prove this intent, a court will invalidate the transaction, the trust creator would regain ownership of the property and the creditors could claim the assets to satisfy the outstanding debts.
 

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#16
Can an Irrevocable Trust Be Pierced?
By John Cromwell

When you create an irrevocable trust, you surrenders ownership over the trust assets; you cannot unilaterally regain control of the property. As a result, your creditors cannot get to the assets to satisfy the your debts. Irrevocable trusts are also generally structured to prevent a beneficiary’s creditors from gaining the trust’s assets to settle his debts. Although laws vary among states, there are cases in which a creditor can “pierce” the trust shield to obtain trust assets as a means of settling outstanding debts.

Fraudulent Transfer

Trusts cannot be used to defraud creditors. Courts will not allow a person to place his assets in an irrevocable trust in order to avoid paying creditors. The Uniform Fraudulent Transfer Act, which has been adopted by 44 states as of June 2012, addresses these types of transactions meant to defraud creditors. For a creditor to use this law to pierce the trust, she must prove that the debtor created the trust with the intent to defraud creditors or with the knowledge that after the transaction he would lack the resources to pay his obligation. If the creditor can prove this intent, a court will invalidate the transaction, the trust creator would regain ownership of the property and the creditors could claim the assets to satisfy the outstanding debts.
Which is why you must create & erect the trust prior to any major illness or events that create risk to your assets... Indeed, creating & erecting the trust ex post facto to avoid risk, judgements, or to defraud creditors, etc. will result in the trust being torn down by the Courts exposing the assets to creditors.... Creation & erection timing is most important in establishing the riskfree "hands off" advantages & benefits of a irrevocable trust.
 

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Holding wealth in PM's outside the financial system is about the only way that I've seen to prevent asset clawback and/or asset seizure from a lawsuit. All accounts, RE, etc, can be seized. Seen it done in realtime - was thinking the whole time, if a bunch of this wealth was in the form of gold and hidden, nobody could have seized it.
Silly me. The whole time I was thinking that this is THE reason for owning discretely purchased PMs. In fact it's the main purpose of this entire forum. And not just for cancer either. Could be any number of reasons or non-reasons. Ever heard of the IRS or even the 'Me Too' movement- or divorce or...?

A customer of mine- a millionaire (on paper at least)- had all of his assets frozen (stolen) and his computers and paperwork confiscated by the FBI because one of his tenants in a mini-storage unit was busted dealing pot to underage kids from one of the rental units. They even took his recently deceased wife's death records. Didn't get any of it back for 3 years. And even then, much of his assets were gone due to his (successful) legal defense. Meanwhile, with no access to funds he was reduced to borrowing money from friends- for friggin' groceries.

So yeah, own it and tuck it away. It's the only insurance that I know of where you get to keep the premium too.
 

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The other thing about Irrevocable Trusts and civil lawsuits is in civil court the standard is "by a preponderance of the evidence" (more likely than not), as opposed to "beyond reasonable doubt" (as in criminal ). The variables include who the creditor is, who the judge is, who your lawyer is, who you are - what the relationships are between the various parties, ie: revealed and unrevealed, etc.

A very successful lawyer confidently told me that the practice of law is a favor system. Lawyers are compensated for the use of their built up favors. If your lawyer is not connected and has no favors in the system and between colleagues, you have a less than an even playing field.
 
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Retirees do it all the time, so that the nursing homes don't take your last pennies...
 

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Retirees do it all the time, so that the nursing homes don't take your last pennies...
While we're on the subject...

Are Revocable or Irrevocable Living Trusts Useful in Qualifying for Medicaid?

Most trusts, even irrevocable ones, no longer work to qualify an individual for Medicaid.

Individuals who have assets in excess of the allowable Medicaid limits have limited options today when it comes to qualifying for Medicaid. This most often comes up when older folks are trying to qualify for nursing home or other long-term coverage, since even those with a fair amount of assets can't afford the high cost of nursing homes.

The obvious option of giving away assets to others will result in Medicaid transfer penalties that will prevent the individual from qualifying for Medicaid for a period of time. This is true with giving away assets to most trusts as well.

Revocable Trusts

Many people are under the mistaken belief that a transfer of an asset to a revocable trust will help the individual qualify for Medicaid. Assets held in a revocable trust are always treated as still being owned by the individual for purposes of Medicaid eligibility. The reason these transfers do not help with eligibility is because the individual still controls the asset in a revocable trust, either by retaining the right to revoke the trust or by retaining the power to control the disposition of the assets (for example, being able to spend the money), such as by acting as trustee of the revocable trust.

Medicaid Qualifying Trusts

Before 1993, individuals trying to get Medicaid often created what were referred to as “Medicaid Qualifying Trusts.” These were irrevocable trusts created by the individual and funded with the individual’s assets. In some cases the individual was both the trustee and the beneficiary of the trust, and distributions to the beneficiary were to be made in the discretion of the trustee.

In cases where the trustee and the beneficiary were the same, the trust assets were treated as if there was no trust at all. Even though these trusts were irrevocable, the trustee had discretion to use the trust assets for the benefit of the beneficiary or the spouse of the beneficiary. This attempt to “control” assets after transferring them to the irrevocable trust resulted in Medicaid's disqualifying the beneficiary.

The name “Medicaid Qualifying Trust” is actually a misnomer, because such trusts actually serve to disqualify the individual from Medicaid. Many people, however, still think that putting assets into an irrevocable trust can qualify you for Medicaid. This is only true in some narrow circumstances (discussed below).

Irrevocable Trusts Created After 1993

The basic rule for irrevocable trusts created today is that any asset in an irrevocable trust that the trustee can choose to give to the beneficiary will be treated as a countable resource by Medicaid. To the extent the trust does not allow for any distribution to the beneficiary, it will be treated as a transfer of resources subject to Medicaid's transfer penalty.

So while irrevocable trusts can protect assets from being counted by Medicaid (depending on whether the trustee has discretion to spend the assets), Medicaid will still count the transfer of the assets to the trust as a disqualifying transfer. Here's how it works.

Whenever there is an irrevocable trust with a discretionary clause established by the individual or the individual’s spouse, and where the individual or the individual’s spouse is a beneficiary, Medicaid will count some or all of the assets in the trust as available to the individual.

The assets that Medicaid will deem available to the beneficiary and/or the spouse are those that are subject to the trustee's discretionary power (Medicaid will assume the trustee will exercise maximum discretion to distribute the assets to the beneficiary or the spouse). Where the trustee lacks discretion to distribute assets, those assets will not be counted as resources for Medicaid purposes.

Unfortunately, however, the assets not counted as resources will be subject to a transfer penalty that will disqualify the beneficiary from Medicaid for a period of time. And since 2005, this penalty period starts when the individual applies for Medicaid, not when the transfer was made. Read about how long the Medicaid transfer penalty lasts.

Note that some irrevocable trusts contain assets of the individual and a spouse along with resources that belong to other individuals. In these situations, Medicaid will determine the individual’s proportionate share. Any distribution that is not made to others that is not for the benefit of the individual will be considered to be a transfer of resources, and Medicaid will impose a penalty period.

Special Purpose Trusts

Medicaid rules does allow some irrevocable trusts to own assets transferred by an individual even if the individual is also a beneficiary. In other words, assets in these irrevocable trusts will not subject the individual to a transfer penalty and the assets will not be counted as available resources. These irrevocable trusts are referred to as “special purpose trusts.”

Federal law has created these special trusts that are allowed to hold assets transferred by the individual Medicaid beneficiary. For the value of those assets will not be considered when determining eligibility for Medicaid, they must be distributed according to specific rules established by statute. These two types of special purpose trusts are:
  • First-party special needs trusts, established for an individual under the age of 65, and
  • Pooled trusts, administered by a non-profit organization for the benefit of the individual of any age.
Read more about these trusts in our article on Medicaid special needs trusts for assets.

Another type of special needs trust is called an income trust, which is designed to administer the income of a Medicaid beneficiary who may have more income than allowed by the state Medicaid agency.