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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous][quote=Anonymous]My mom lives entirely on SS. I thought that was pretty much par for the course. She owns her townhome. I'd pay for a new roof if she needed one. I don't have much money but she raised me entirely by herself. If I can't pay her back, what kind of child am I?[/quote] Are you an only child? If you are, then you would get her estate, whatever is left of it. That doesn't seem to be the case in OP's situation. I do think a reverse mortgage sounds like a good plan. FWIW, my parents also live on ss alone, and they own a small condo. I do help them financially, without expecting anything in return, but I have a couple of siblings who can also chip in, though I make the most. They don't expect me to pay for everything for my parents myself.[/quote]
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