Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Elderly relative hiding $$ in the freezer"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Honestly, why would she want to pay off the mortgage early? As my banker BIL puts it, "better to die in debt":-) She can just enjoy her cash by paying her expenses with it while grocery shopping, etc, so she avoids having to declare it and paying taxes on it.[/quote] Yeah I think I agree here. Use the cash to pay as much expenses as possible. It is also possible to pay off most credit cards, utilities with cash. Let's say the OP regularly spends 2K a month on credit cards, she can provide cash for him to pay it off. He can in turn send 2,000 check to the mortgage. If OP or the elderly lady has a large Property tax bill that they pay directly, a lot of cash can be funneled into paying the bill. Example: Use cash and buy $500 visa gift cards at the grocery store. Use the gift cards to pay the property tax bill online. Of course, can certainly put in small cash deposits into the bank every month, just keep it small. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
