Forum Discussion
Grit_dog
Aug 03, 2023Navigator
And not only are the elderly more vulnerable, not just to criminal ripoffs, but also legitimate “expenses” that are unnecessary or more economically handled a different way, many old folks also refuse to listen to their trusted kin or children.
Another example (my in-laws and parents of some of my close friends) of unnecessary money out the door. A dollar is worth a dollar no matter how you lose it….
They refused/still refuse to let their trusted daughters, either of them although they’re down to one, now, access and manage or help control their finances. They will almost assuredly end up broke before they die even though they reasonably have enough assets to make it just fine.
My mom did the same. At least she didn’t lose the house but she got herself completely ripped off. (By her own daughter of all people) She refused to let me help or even keep me reasonably informed. Fortunately for her (or not depending on your view because I would have wished she lived much longer) she died just before the money totally ran out and I was able to stop the outflow of funds with enough left to bury her and settle everything.
I’m saying this to make y’all think about this. Call it a public service announcement. I have no real interest in your well being, but if some of you need this advice, you and your descendants will be happy that you did.
Another example (my in-laws and parents of some of my close friends) of unnecessary money out the door. A dollar is worth a dollar no matter how you lose it….
They refused/still refuse to let their trusted daughters, either of them although they’re down to one, now, access and manage or help control their finances. They will almost assuredly end up broke before they die even though they reasonably have enough assets to make it just fine.
My mom did the same. At least she didn’t lose the house but she got herself completely ripped off. (By her own daughter of all people) She refused to let me help or even keep me reasonably informed. Fortunately for her (or not depending on your view because I would have wished she lived much longer) she died just before the money totally ran out and I was able to stop the outflow of funds with enough left to bury her and settle everything.
I’m saying this to make y’all think about this. Call it a public service announcement. I have no real interest in your well being, but if some of you need this advice, you and your descendants will be happy that you did.
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