Imagine, if you can, being married over a lifetime; each of you scratching up the monies to have a decent retirement. A retirement where you can get a distribution of 4,000 a month from your financial institution to accompany your social security check. You both have worked hard to make this happen. You both retire, take a couple of cruises or much dreamed about vacations. Then suddenly your spouse dies. Under current law, those retirement monies will automatically go the the survivor, the husband or wife, freeing the children or state from taking care of you, because you can take care of yourself.
Under this new law, if passed, those retirement monies will go directly to the state. Read the bill!
If HR 8404 is passed, it will unleash a catastrophic blow unimaginable to anything Congress has ever passed. It will bring us directly into full blown Communism. The people will never know what hit them.
And this is only one of many scenarios that will happen. God help the children, for that is ultimately who they are after. The Father is just in the way........... The mother is just in the way.
Everyone that wants to preserve what they have better start learning about trusts and trustees real fast.
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