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Money and Finances
Reply to "Parents/in-laws paying estate tax to avoid giving while alive"
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[quote=Anonymous] Healthcare is very expensive and no one knows how the end will come. Are you going to pop off tomorrow, without having spent a dime, or are you going to linger on for 30 years, with expensive round-the-clock help? 20K a month worth of help?!? Elderly parents are worried their kids might not come to the rescue if they give it all away ahead of time. It takes someone like my MIL, with a rock-solid bond of trust with her children, to do that (also, she has advanced Parkinson's, and knows she won't be cognitively valid for ever). For shame, OP. You're probably going to keep your money until you die. Educate your kids on how much caregiving costs before they start hating you for not giving you the money sooner. [/quote]
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