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Reply to "How prepared are your parents/grandparents for the future?"
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[quote=Anonymous]My parents have planned well and have extensive long-term care insurance along with every other kind of insurance out there - my dad admits he's excessively risk averse in this area, but really fears being a burden on us in his old age. The only thing they haven't sorted out that I would like them to do is being more specific in their will about non-liquid assets that have more sentimental value; I think it would be easier if we just knew who's supposed to get what. My ILs on the other hand have no retirement or savings. We, along with DH's sister, have purchased health insurance for them. I wish it were more organized, but that's it really. [/quote]
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