Anonymous wrote:
Anonymous wrote:Children are so expensive. There is always something to buy. I had no idea of the constant outlay until I had my own kids. Take a look at any parent's credit card and checkbook, not to mention the daily cash. This is one reason that we did not take in a niece and nephew. Having to account to the courts for every penny from their parent's life insurance and social security money is a PITA. We end up just paying for everyone's food, drink, snacks, clothing, tickets, etc., rather than splitting the purchases in two batches to pay with a second card and get a separate receipt. There are sitters to pay who also need to be fed, gas and parking fees. Unless we are talking about egregious spending, I would just let it go.
You didn't take in a niece and nephew of a deceased relative because you didn't want to handle the separate accounting (for the life insurance which is presumably in a trust) that it would involve?