liquidación de patrimonio

English translation: liquidation of assets

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:liquidación de patrimonio
English translation:liquidation of assets
Entered by: peter jackson
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08:50 Apr 13, 2018
Spanish to English translations [PRO]
Social Sciences - Economics
Spanish term or phrase: liquidación de patrimonio
This is from the conclusión of an article about catastrophic health expenditure and impoverishment. I understand that this means using an individual's assets to finance care but not sure how to phrase it here.

En definitiva, se trata de que las personas con necesidades de LTC puedan acceder a los servicios necesarios y reducir el impacto financiero que tiene para individuos con determinados perfiles, asumir el pago de los servicios formales. En este sentido, cabe considerar sistemas complementarios u otras fórmulas alternativas de OOP-LTC, como el uso de otros instrumentos financieros de liquidación del patrimonio o sistemas de aseguramiento y previsión.

(LTC = long-term care, OOP = out of pocket payments)
peter jackson
Spain
Local time: 20:09
liquidation of assets
Explanation:
how to avoid the Liquidation of assets on account of LTC
Preserve Your Assets with Long-term Care Insurance | BrightPath ...
www.brightpathwealth.com/.../preserve-your-assets-long-term...
22.11.2016 - When the need for long-term care arises, it is not uncommon for couples and individuals to have to liquidate retirement assets to cover the costs. Only when all of the assets have been liquidated down to the residence and a car, will Medicaid provide any assistance for long-term care expenses. A lot of
Selected response from:

Ellen Kraus
Austria
Local time: 20:09
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +5liquidation of assets
Ellen Kraus


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
liquidation of assets


Explanation:
how to avoid the Liquidation of assets on account of LTC
Preserve Your Assets with Long-term Care Insurance | BrightPath ...
www.brightpathwealth.com/.../preserve-your-assets-long-term...
22.11.2016 - When the need for long-term care arises, it is not uncommon for couples and individuals to have to liquidate retirement assets to cover the costs. Only when all of the assets have been liquidated down to the residence and a car, will Medicaid provide any assistance for long-term care expenses. A lot of

Ellen Kraus
Austria
Local time: 20:09
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 8
Notes to answerer
Asker: Thanks, Ellen. I feel a bit of a chump, now!


Peer comments on this answer (and responses from the answerer)
agree  bigedsenior: exactly!
5 hrs
  -> Thank you, bigedsenior

agree  Telma Pacheco: exactly :)
6 hrs
  -> Thank you, Telma

agree  Robert Carter
6 hrs
  -> Thank you, Robert !

agree  Muriel Vasconcellos
12 hrs
  -> Thank you, Muriel !

agree  neilmac
21 hrs
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