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[quote=Anonymous][quote=Anonymous]My brother has been managing my 89-year-old mother's finances. She's not wealthy - former nurse, divorced, but she had a small inheritance from her mother that's been invested and is worth about $200K now. My brother wants my other brother and I to start contributing about $100 each to her upkeep, as he's been covering incidentals for her (medicines, Poise pads, haircuts, etc) and is owed about $6K.

My feeling is that her money is there to support her, and some investments should be sold off to help fund her lifestyle. My brother is concerned she may live to be 97 and run out of money if we do that.  She's currently living in a nice "retirement" community and she has aides come and help her as needed, eats in the communal dining hall, etc.

I'm embarassed that $100 a month extra would be a strain, but some months it would be. You'd never know that from the outside looking in, but things are tight and we have young kids with orthodontia, you name it....expenses.  I'm embarassed to tell my brother that and frankly know that he'd give me a hard time. My husband is already stressed about money.

I'm not expecting an inheritance - and I think it's her money, that's what it's there for. My brother is intent that we "not touch the principal."

Thoughts? Anyone been there? [/quote]

$200,000 is what's left of her inheritance.  How is the assisted living paid for?   Did she own a house? I assume  she's not deemed incompetent so talk to her about the expenses.  I'm in a similar situation.   Is that brother the Power of Attorney?  What about her social security, any pension, any required distribution from an IRA?  [/quote]

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