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Eldercare
Reply to "Parents being flippant about inheritance - is it a trend?"
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[quote=Anonymous]Most people aren’t rich and they worry about paying for healthcare and nursing homes. People don’t want to put their money in trust because they lose control over it. Kids don’t want to care for sick or disabled parents - and rightly so. So unless you are more than comfortable, you’re not leaving much of anything behind. Knowing that your dollars are going to be spent on healthcare and when they run out the state will pay means there is little incentive not to use your savings to do things you didn’t earlier in your life because you didn’t have money. The only real exception I can see is if you have a kid with special needs that you want to put money in trust for. [/quote]
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