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Eldercare
Reply to "Getting affluent parents to spend their money"
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[quote=Anonymous][quote=Anonymous]op: They made me their health care proxy and assigned POA to my brother. I think they expect me to take care of them while he takes care of their money. He is frugal like they are, whereas I have hired child care (I work FT, but they still think it's extravagant).[/quote] So, basically, you're expected to take care of them while you have no decision making power over the money you might need to hire needed help? I'd simply tell them that I would not be involved in their care on any level unless I were given the same financial power as your brother. Then, let them fight about it themselves. But, take that for what it is all worth...my family is crazy. So maybe I'm not the best person to give advice. lol Oh, and side note... they're approaching this in a very sexist manner, albeit a common one for people their age. Yeah. They think the childcare you have is considered an extravagant luxury (EVEN THOUGH IT IS A NECESSITY TO WORK), and they're probably pointing to that "excess" as good reason you shouldn't be in charge of the money. Crazy![/quote]
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