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Eldercare
Reply to "Elderly widower dating very soon after spouse's death"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]what 77 year old is flipping houses? how could they have purchased multiple houses in such a short timeframe?[/quote] My dad has $3M or so to spend on houses. And yes, they have “flipped” them — mainly turning them into low income rentals. My dad was 70 and she was 60 when it started. My sisters and I joke that they are “shabby chic slum lords.” It is truly ridiculous and all the assets my mom earned are disappearing.[/quote] Oh boy. Does he at all seem cognizant of this? I do know a situation where a widow and widower (my MiL's BFF) married when in their late 30s and were together for nearly 40 years. She left the work force when they married. Come to find out, he basically left everything to his kids and she inherited pretty much nothing (the ability to live in a condo w/o the resources to afford), at least not enough to live on and one of her sons took her in. Kinda sad after she helped raise their blended family (again, she left the work force), then her husband through his protracted illness (years). That said, that does NOT seem like the situation with your dad and he should be protecting some money for you and your siblings.[/quote]
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