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Reply to "What were your biggest financial mistakes?"
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[quote=Anonymous][quote=Anonymous]Not moving Mom out of State of Maryland. Considered moving Mom to Florida but Covid hit and she was getting good care in Maryland (late stage alzheimers.) State of Florida estate taxes----"0$." State of Maryland estate taxes----will be in the millions Mom is getting good care so there is that and her quality of care would not be as good in Florida.[/quote] My FIL moved his late stage Alzheimer's mom from NJ to DE for this reason. Felt very cold at the time but honestly she was too far gone to know or care where she was and it allowed her to pass on millions more dollars than she would have if he hadn't bit the bullet.[/quote]
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