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Reply to "What is a good way to help support an elderly parent financially?"
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[quote=Anonymous]My best friend is in a situation like this. In her culture, it is customary for children to provide financial assistance to their parents. It has caused a huge rift in her marriage. Her spouse set up an estate plan without her including trusts for the kids with one of his colleagues as the executor, leaving her the minim required by law from his/their estate so that it wouldn't make sense for her to try to pursue a spousal election. He said he did this because he is concerned she'd spend their college funds and inheritance on her parents if he's not around. I don't know what the answer is in your case, but hopefully you'll do better and come up with a solution together as a family. [/quote]
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