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Reply to "BIL siphoning off money.... legal and financial planning advice wanted. "
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[quote=Anonymous]Op here. I would like to see some sort of fund set of for potential long-term care for MIL. At her age and health, long-term care insurance is going to be astronomical. At the rate BIL takes, and based on his future needs (which he clearly thinks need to be fulfilled by his aging mother/ATM), and the distinct possibility that the stock market will turn at some point, the money could disappear. Has anyone successfully convinced a parent to lock away funds for unexpected health downturns or potential assisted living? Who oversees that money? A financial planner? I don’t think it should be one of her kids. [/quote]
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