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Reply to "I resent older relatives for not saving enough money "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A. Consider that hindsight is 20/20 and that you might end up in a similar situation, because too many people underestimate the effects of inflation and you cannot control all financial factors. B. Why get angry? My grandmother squandered an immense fortune on leech hangers-on, who persuaded her to sue her adult kids for money. She had no case, but it was still a hassle because it went to court. Her kids helped her anyway - set her up in a small apartment with hired help. Crazy things, happen, OP. Just decide how much willing to do (because it's not just money, it's research, paperwork and/or travel), and then stick to it. Or they can spend down everything and qualify for Medicare. [/quote] On what basis did your grandmother attempt to sue her adult kids for money? [/quote] NP and there are some states that allow an impoverished parent to sue their child for support. [/quote] I know some states have filial responsibility laws, but are they enforced? I think the situations in which they apply are narrow, and most states are reluctant to enforce them. [/quote]
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