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Reply to "How prepared are your parents/grandparents for the future?"
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[quote=Anonymous]My parents did not and my mother had an addiction (like gambling) where she lost most of the money with nothing to show for it other than a mess. She dropped dead probably from all the stress of losing all the money. My dad's doing ok. Poor but ok. He let my mother ruin their finances and retirement. Not prepared for the future but my brother who can well afford it is willing to support him if it comes down to that. DH's family is fine. We met with his parent's phalanx of estate and trusts lawyer, accountant, financial adviser, etc over this break. His mother is currently in a very nice assisted living facility paid for by long term care insurance and his dad is deceased. They did everything by the book, no worries.[/quote]
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