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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
Been there, done that.

MYOB, unless:

1. You think she is going senile and is getting taken advantage of.

2. You really want that 529 money - have a serious conversation:
If she is truly interested in investing in his academic future, it should be a priority for her. Be clear that you would rather receive no gifts rather than have that amount decreased.

[/quote]

[b]DO NOT MYOB!!!![/b]

I minded my own business four years ago when my mom ran into difficulties. She is now bankrupt. This is my business! I had to move her out of her house before it got foreclosed (including throw away 30 years of accumulated crap), deal with her creditors, talk to lawyers and CPAs, solve her tax problems, it has been a never-ending pain in the ass.

To my dying day I will always regret not stepping in back four years ago and getting an EXACT picture of her finances, because this never would have happened if I'd known then what I know now.[/quote]

And oh by the way, she is not senile, and she was not being taken advantage of. She was (and is) financially clueless and squandered all her money stupidly. It was all her -- she didn't need any scam artists to throw away $500K with both hands![/quote]

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