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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous][quote=Anonymous]Don’t do this. You need to help them survive on their own assets. Downsize. Get into an apartment. Make sure the house money is well managed. Don’t pay for care. Let them become poor and go to Medicaid. You can supplement with a nice trip, a dinner out, new clothes or a trip to the mall, etc. But don’t let this turn into endless big ticket support of another household or ongoing medical needs. If you do that, you’ll be in the sh*tter with them. [/quote] Yes. This is very important. [/quote]
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