Reply to Do you know how much is in the family trust?

Forum Index » Money and Finances

Reply to "Do you know how much is in the family trust?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]People on this board are so paranoid about nursing home care.  Yes it can cost $100-$120k a year, but you have no other expenses once the old person is in there.  You sell the family home and cars.  The old person is not taking vacations or going out to eat.  The home even pays for the adult diapers.  At most there is like $500 a year needed to buy some toothpaste, new socks, and a couple cheap haircuts. A normal retirement savings of a few million that throws off $80-100k a year, social security, and the proceeds from the house sale will easily cover 2-3 years of nursing home care (people don’t last longer than that once they get there- it is depressing as f@ck and they die off).  Calm down about nursing home care, and continue to contribute to your 401k, and you will be fine.

To the OP - there is probably a decent nest egg in that trust, and your parents should be proud to tell you the value.  They saved like they should, and not like the whiners on this board.[/quote]

This is true. My parent's financial advisor says parent will have a lot left. Given the advanced age and amount of money, there will still be a lot left at the end.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics